There was much to contemplate today and that was reflected in the unsettled nature of various contracts and the mixed finish. Leading wheat and soybean contracts have taken losses for four out of the last five trading sessions, though July wheat remains higher based on the larger gain on Tuesday and otherwise smaller losses on other days. July soybeans made some recovery yesterday but went back to losses today. By contrast, July corn has traded higher four out of the last five trading sessions. Both corn and soyoil scored new contract highs.
The day’s news that the U.S. economy shrank 1.4 percent in the first quarter raises more concerns about politics than the economy. Wall Street shrugged it off despite it being the lead ne...
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...
