General Comments: Corn, soybean and wheat markets were steady to just fractionally higher overnight in light volume. They then opened slightly higher today, but selling started to increase as the morning wore on with all three markets trading lower by the close. Soybeans were the weakest on some fund selling, and corn and wheat followed. Much of the selling can probably be attributed to a warmer, drier weather forecast across almost the entire Corn Belt. Corn and soybean harvest progress should really accelerate this week (the six-10-day temperature and precipitation maps are below).
U.S. equity markets were firm today and again in record territory. Crude oil was higher, and the U.S. dollar was slightly higher.
Corn...
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...