Markets were higher overnight and were called for similar follow through this morning, but things did not initially go as planned. Instead, funds came out as sellers with a generally bullish Export Sales report all but ignored. Volume was generally modest. However, after dragging negative for much of the time there was a turnaround later in the day that brought small gains to corn and soybeans. This is a market that bumps along, unable to find anything persuasive for more than mostly sideways congestive behavior. There will start to be some more nervous conduct as the 12 October WASDE report draws closer. The past week has generally been bearish corn and soybeans and bullish wheat, but today was a reversal of that trend.
Th...
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...
