The theme of risk reduction was established early during the overnight session, and it dominated the market as the day session opened. Several factors led to substantial noncommercial long liquidation in the corn market. General Comments Overnight trade was active with good volume. Prices were mixed early but tilted lower as the session progressed, especially after European businesses opened. The theme of risk reduction was established early during the overnight session, and it dominated the market as the day session opened. Many traders expected USDA to lower its weekly crop condition rating for corn yesterday following a few days of hot, dry weather, but it was instead left unchanged. That plus some unexpected rainfall in the southweste...
Accountability and a comprehensive approach to export programming
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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...