The CBOT traded a relatively quiet day with corn consolidating and wheat attempting to turn lower before support entered on a break below key moving averages. Soybeans rallied once again on news of fresh export sales to China and soymeal followed suite. Funds were net buyers in soybean and soymeal futures while becoming modest sellers in corn and wheat. Outside markets were mostly higher as investors pushed cash previously on the sidelines back into stocks, particularly the NASDAQ. The S&P 500 and Dow finished with strong gains while crude oil recovered from its recent weakness as well. The U.S. dollar slipped 18 bps but is still trending higher from multi-year lows.
Notable Market News USDA FAS reported 238,000 MT of soybean...
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...
