The CBOT started Wednesday’s session lower in overnight trade but stronger energies and soyoil pulled soybeans higher for the day. Grains were weaker, led by corn, as a lack of fresh news weighed on markets and created profit taking incentives. China is reportedly in the market for U.S. new crop corn and soybeans but confirmation that the Middle Kingdom booked Ukrainian corn pressured American markets. Overall, trading volume was modest, and few contracts posted meaningful technical developments. The CBOT seems to be entering its seasonal period when weather and crop conditions elicit the biggest market reactions. Yesterday, the markets digested the updated weekend weather forecasts (which are mostly concerning for the U.S. Cor...
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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...