There was red all over the board today with corn, soyoil, canola, and lean hogs all down the limit, and soybeans down close to the limit. It was downright bearish and let us count the ways:
Midwest crops are likely to get rain.
Inflation may be more than transitory.
The Fed signaled it will raise interest rates and maybe ease bond buying.
EPA is considering easing biofuel requirements.
The dollar has risen to the strongest it has been since mid-April.
Poor export sales report.
COVID will keep demand down in developing countries.
The Chinese are talking down grain prices.
Technicals are all signaling weakness.
The result? Funds dumped all day long. The market has now performed a 180-degree fl...
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...
