The Thanksgiving holiday week closed with a day of very light trading volume and little interest in the markets. Following are a few news items from this week that are worth considering:
AgRural said today that Brazil’s early soybean crop outlook could be the best ever, and the consulting group’s initial forecast is 123-129 MMT. There has been some concern about how wet conditions have been, but it seems the crop was planted earlier than in the past few years. Wet weather in Argentina has also prompted chatter about the potential for quality problems in that mature wheat crop. The harvest, however, is pegged at 22 percent complete, which is right at last year’s pace. The grain exchanges there have reduced their product...
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...
