The CBOT rallied sharply on Tuesday with Russia’s actions in Ukraine again at the forefront of the market’s mind. Russia is trying to annex four parts of Ukraine this week and implications that it is building troop reserves and resources suggest no peaceful end to the war is coming soon. Wheat was the upside leader for the day and the Chicago market posted a 60+ cent gain. Corn followed the strength with 10-13 cent gains and soybeans also pushed higher, though they were more influenced from the strong rally in October soymeal. Funds were net buyers in wheat, though much of that was short-covering, and secured 10,000-12,000 contracts in corn and soybeans. The big news for the day was Russia’s announcement that it wil...
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...
From WPI Consulting
Accountability and a comprehensive approach to export programming
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