JULY WASDE Yield: unchanged for corn, and slightly lower for beans bean yield: 48.5 bpa, generally as expected, maybe a bit higher corn yield: 166.0 bpa - neutral production: 19/20 13.875 bln bu vs. 13.68 bln bu in June Reaction to the report is bearish for corn once again and neutral for beans, but this time there was more support for corn which turned mixed as well following a bean rally. Report reaction was friendly for wheat. Buy wheat/sell corn and buy bean/sell corn trade was noted post release as quick trends. More later but overall feels like report keeps us in current trading ranges to see how weather / trade negotiations impact price as larger catalysts for trade to take us out of familiar...
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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...