General Comments Markets were higher overnight with soybeans up 3 cents, corn one half-cent higher and wheat up 2-3 cents. Volume was much better than other evening sessions this week. The corn and soybean harvests continued to make good progress this week, but there really hasn’t been much harvest pressure. Farmers have been reluctant sellers, and that will likely continue to be the case at current price levels. None of the markets could sustain early gains, and all (except soyoil) ended the week lower. USDA made several export sales announcements this morning, including the following:
198,000 MT of soybeans to China 120,000 MT of corn to Spain 125,000 MT’s of corn to “unknown”
U.S. equity markets...
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...