From the limited price action, it is clear that the market is not expecting big changes from tomorrow’s March WASDE. There is some sentiment that USDA might raise estimates for corn exports and/or use for ethanol, which would lower end stocks. Others, though, think that it may wait until next month. General Comments Grain and soy futures prices weakened further in uneventful overnight trading, and this trend continued through the day session with the March WASDE looming tomorrow. Price losses for corn and soybeans did not expand much during the day session with both markets closing down more than 3 cents. Prices stayed in narrow trading ranges of about 5 cents for corn and 8-9 cents for soybeans. Soy product prices were slightly lower wit...
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...
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