Markets were steady to slightly higher in the Sunday night session, but that steady pattern disappeared when the markets opened this morning with steep losses in corn and soybeans eventually dragging wheat lower as well. It was hard to pinpoint a reason for the abrupt change in attitude, but following are a few ideas:
Canada imposed tariffs on U.S. products over the weekend. 6 July is the target date for U.S. tariffs against China and the expected retaliation by China with tariffs on soybeans, etc. The election in Mexico is over with the expected outcome, and President Trump said he might not finish a new NAFTA deal until after the mid-term election. Both developments were considered bearish. U.S. equity markets were also lower early...
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...
