Were today’s lower closes in corn and soybeans the market signal of a loss of confidence? Probably not. Volume was down across the board and everything remained within their ranges. Here is some of the group think:
Harvest pressure Profit-taking Stronger dollar Lack of weather premium Pullback or correction to being over-bought Etc.
There was no breaking of new bottoms just lots of straddling around what appears to be some generally agreed pricing. Prices had hit notable highs and a pause is needed. It takes something significant to have a breakout, and there is nothing significant, at least not yet. But there could be. Weather remains a possible breakout. On the bullish end of the spectrum, it remains too dry in the south...
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...
