Weak cash basis is a drag on corn futures and ethanol is that market’s only bright spot. Soybean futures firmed today on poor weather in Brazil while wheat futures remain stuck in a sideways trend. General Comments Overnight trade in grain and soy complex futures was very light as the Chinese holiday week is in full swing. The nation-wide holiday probably reduces the population of potential overnight traders. Trading was so slow that all we can say is those on holiday did not miss a thing.Activity picked up a little during the day session but trading volume remains slack. There was more price movement in the soybean and wheat markets. Soybean futures staged a small mid-session rally that put November soybeans up as much as 6.5 cents. By t...
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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