Grain and soy contracts once again tried to stage a rally overnight and then early in the day session. Meanwhile, the corn market is continually weighed down by visions of a record 2016 crop that might not be far below 15 billion bushels. General Comments Grain and soy contracts once again tried to stage a rally overnight and then early in the day session. Once again, the effort was largely a failure. After being up 4-6 cents early, winter wheat prices turned down to finish mostly with losses of 4-7 cents. The struggling corn market tried to follow wheat to the upside, but it could only manage a daily high that was less than 2 cents above yesterday’s close. However, corn had much less difficulty in following the wheat market lower with D...
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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...