A sort of daily trading pattern has developed for grain and soy futures in recent days, which could be tied to the daily U.S. GFS and EU weather models in this weather-sensitive market, and it occurred again today until late in the session. General Comments A sort of daily trading pattern has developed for grain and soy futures in recent days. The overnight session opens with prices unchanged to perhaps slightly lower, followed by a fair rally that carries over into the early day session. Then about midway through the day session, the rally falters with prices sliding back to finish up around the previous day’s closes. Obviously, the sequence is not followed precisely every trading day, but some variation of it has been seen often during...
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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