It was a unique trading day amidst the caution surrounding the lack of fresh influences. Unique in that trading ranges for corn and soybeans were unusually small. Soybeans average approximately 50-cent daily swings, but the November contract only saw a 13.5 cent trading range today. December corn started the day with a 3.25 cent loss and then hovered around zero all session. Trading volumes were below the week’s average for everything except Euronext wheat where there was a scramble to address a tighter supply and quality concerns.
However, the larger anomaly was the 21.5 cent gain in September soybeans and 1.5 cent gain in September corn as the deferred contracts otherwise all took losses. In essence, old crop supplies are perhaps...
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...
