The trade worries won’t go away. Even though markets ignored the imposition of tariffs last Friday, they were back to selling today in relatively light trading volume. Two other negative market factors to start this week were the following:
USDA will release its July crop production update and WASDE revisions on Thursday, and it has been a long time since we had a bullish USDA report. Corn Belt weather will be hot this week, but it looks cooler in the extended forecast today than it did last Friday (see map below).
U.S. equities markets were very strong today. The U.S. dollar was also strong, and crude oil was back above $72.00b in the September contract.
Corn FUTURES A cooler temperature forecast coupled with th...
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...
