Overnight trade was light as the markets were largely waiting for this morning’s export sales report data. Before it was issued, corn, wheat, and soybean futures were slightly higher. The report, however, was bearish old crop corn and soybeans, which meant the overnight session ended with corn up only a quarter-cent and soybeans down 8 cents. Wheat futures were slightly higher as the export report was better than expected.
The biggest news of the day was USDA’s announcement of a new farm payment package to compensate farmers for trade war-related losses. The markets did not believe USDA’s promise that the payments would not distort acreage and promptly sold off. Nearly all CBOT products finished in the red, while CME li...
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...
