The CBOT started the day on a strong note and tried to capitalize on Tuesday’s strength but faltered and ended lower after updated weather models showed meaningful rains for Argentina and southern Brazil in the next two weeks. This week remains relatively dry, but the EU and GFS models show a strong storm system moving in starting early next week and intensifying into February. That caught funds by surprise and sparked a round of position liquidation and short covering in the grain markets. Aside from the South American weather forecast, there was little fundamental news to help guide markets on Wednesday, leaving the rainy forecast to keep futures moving lower.
Uruguay’s Agriculture Minister Fernando Mattos said the co...
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...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
