After four days of trading this week and thousands of contracts trading hands, as of today’s close, corn is down 0.292 percent, soybeans are down 0.949 percent, and wheat has lost 1.4 percent. And it could all zero out by tomorrow’s close. With little new to factor in, markets are trading sideways with the more ambitious capturing an occasional bit of minor profit-taking. The known knowns readily outnumber the unknown knowns.
Notably mixed was today’s USDA Export Sales report. Wheat sales beat expectations but not much else did.
There are some variables that are coming to a head. UN aid chief Martin Griffiths is “relatively optimistic” that the Black Sea grain corridor agreement will be extended...
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...
