It was quiet in the overnight trade as everyone awaited the first USDA Export Sales report of the month, and when that was issued it was still quiet as the numbers did not provide any shocking new direction. After jumping higher ahead of and after Monday’s WASDE, markets have been sliding back on some of the gains.
Soybean export sales for the week ending 8 September were at the top of their estimated level and cumulatively over the past three weeks totaled a sizeable 5.775 MMT. Corn and wheat sales were more middling.
The weather remains warm and dry across the U.S. production belt aiding harvest, with a chance of isolated showers in the parched southwest. Settlement of the railroad strike took one concern off the...
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...
