Markets were lower to start this week and seem firmly entrenched in last week’s pattern. Prices were slightly down overnight, but wheat turned sharply lower and took corn 3-4 cents lower as well. It’s hard to tell what triggered the selloff in wheat markets today. General Comments Markets were lower to start this week and seem firmly entrenched in last week’s pattern. Prices were slightly down overnight, but wheat turned sharply lower and took corn 3-4 cents lower as well. There is still a general lack of either a bullish or fresh news. The soybean harvests are moving along in Brazil and Argentina. There were more 2017 acreage forecasts for the U.S. today. However, most estimates are the same as they’ve been for months, indicating many mo...
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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