There may have been two separate corrections occurring in the market today as prices generally slid lower. The first involved absorbing and recalibrating a soybean market that has climbed almost a buck a bushel in one week’s time. The other involved lifting some of the war premium as Russia makes it look increasingly unlikely it will outright invade Ukraine. The latter has been more directed at corn and wheat with the correction phase involving three out of the last four trading sessions.
Some point to USDA’s report this morning of 380 KMT of corn to China being cancelled, but some question the report and others point to a USDA Export Sales report that exceeded expectations on new crop corn and soybean sales. The report was c...
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...
