Although soybeans closed higher today, it could not offset the losses over the previous four trading sessions and left July soybeans nearly a dollar lower. The drop followed USDA reported net export sales of soybeans for the current marketing year fell 90 percent from a week ago, and 2022/23 net sales were down 35 percent. Current marketing year net sales of meal and oil were also down, though meal sales for 2022/23 were higher. The market ignored USDA lowering the share of new crop soybeans rated in Good/Excellent condition to 68 percent, which was one percent lower than the market expected.
AgriFood Canada reported that farmers are planting seven percent less canola this year and instead boosting the area sown to grain. The relatively...
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...
