The CBOT formed a Turnaround Tuesday with sharply higher energy prices supporting a bullish technical breakout for soyoil and pulled soybeans higher. The oilseed market put in a reversal on the charts due to support from soyoil and canola, support that looks to continue going forward. Corn and wheat futures were lower amid profit taking and some bear spreading from the soybean market. Funds were net buyers in soybeans and soyoil while remaining modest sellers in corn and wheat. China will be returning from its Golden Week holiday tomorrow (Wednesday) evening (Thursday morning in China) and the CBOT will be eagerly watching to see if the Middle Kingdom will secure U.S. ag commodities again. WPI estimates China is still open for 45 per...
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...
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