The markets firmed up overnight following yesterday’s sell-off. The latter was generated by too many analysts trying to pick apart the administration’s latest confusing proposal to send more money to farmers because of the trade problem with China. None of that has anything to do with the fact that U.S. corn and soybean planting delays have now reached historic levels nor the weather outlook that is still wet and cool for at least another week.
The market went back to trading that weather and reduced production prospects today, especially in the corn and wheat markets. It was a Friday before the first long holiday weekend of the summer in the U.S. (weekly crop progress numbers won’t be released until Tuesday afternoon)...
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...
