Before USDA’s morning announcement of canceled soybean sales, grain and soy prices were slightly lower during the overnight session with trading volume no better than average. However, selling pressure during the day session sent everything lower with soybeans leading the way down. General Comments USDA/FAS will release its weekly export sales report tomorrow (Friday). It has been delayed by last weekend’s major Mid-Atlantic snowstorm.The stars and various macro factors were aligned in a way that should have supported most commodity markets. Crude oil extended its rally with another strong gain. NYMEX March crude oil settled at $33.22, up $1.42. Oil has climbed about $6 or more than 20 percent since 20 January. In the past few days, the o...
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What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...