Funds continue to add length to positions in CBOT markets, most notably in soyoil and wheat today. Spot soyoil futures hit an eight-year high on Wednesday while fund buying lifted wheat futures above key resistance levels. Kansas City wheat settled at new contract highs while Chicago wheat is edging closer to its contract high. Concerns about dry weather in southern Brazil and Argentina, combined with the delayed Brazilian soybean harvest and possible disease issues supported corn and soybean futures as well. Funds are thought to have bought 10,000 contracts of soybeans and 12,000 contracts of corn along with 7,000 contracts of wheat. Managed money also likely secured some 20,000 contracts of soyoil while remaining flat soymeal. ...
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...
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Accountability and a comprehensive approach to export programming
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