A down day was in the forecast and down it was. December corn staged a minor comeback mid-session but could not hold and ended on a fractional loss. December SRW opened lower, briefly stabilized and then sank even lower for the close. The liquidation rivaled Tuesday’s exit, but the impact was more on wheat and less on corn.
The higher volume in corn trading reflects the different views about what tomorrow’s USDA WASDE report is going to indicate. Whatever it says is more likely to be accurate when it comes to corn because this crop has been made. In any event, the overall expectation is bearish. Tomorrow could set contract lows, assuming USDA does not repeat its August report with a surprisingly bullish picture. ...
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...
