Today is Friday the 13th, and the week ended accordingly. Soybeans were down again overnight and continued lower today. Corn joined soybeans, while wheat was independently firm. The news is the same. No trade deals appear to be on the horizon, and that means no speculative buyers are likely yet either. We’re not sure what more bearish news is left around the soybean complex. The corn market fears a 3-4 bushel/acre yield increase at some point, which would boost production by 300-400 million bushels. Wheat is waiting for export business. U.S. equity markets were lower early in today’s session, but the Dow and S&P both turned higher with the latter trading at four-month highs. Crude oil was up more than $1.00/barrel, and the...
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...
From WPI Consulting
Accountability and a comprehensive approach to export programming
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