The U.S. Corn Belt and much of the northern Plains had a very wet and cold weekend, and there is more rain on the way (see five-day precipitation forecast map below). We stated last Friday that markets would be going higher if the wet forecasts were confirmed, and that is what they did today.
The weather delays are now beyond the point of possibly affecting planted acres and yield potential. It is now the last full week of May, and not much good happens to corn or soybeans planted after 1 June. The weekly Commitment of Traders report that is released every Friday is “as of” the Tuesday of each week, and the trade has been watching them because of the record fund short positions in grains and oilseeds. The report of 17 May pu...
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...
