Action elsewhere was modest but there was large volume in the wheat pits with a second day in a row of strong closes. Corn and soybeans gained a few pennies but remain well off from their highs.
USDA’s Export Sales report affirmed the demand for U.S. crops. Old crop wheat sales were higher, corn exports were as expected after China’s large purchases, old crop soybeans were higher than expected and both meal and oil sales were up over the previous week.
The Biden Administration is concerned about inflation and especially in food prices, but it used the wrong policies to address the problem. Last week it proposed higher loan rates to try and address price risk but at half the levels already offered by the marketplace...
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...
