The most specific, direct influences for grain and soy markets appear to be USDA's various reports and weather, but the fundamental message we see is that the outlook for U.S. wheat, corn and soybeans is constrained by a lack of export demand.We returned last night from a weeklong fishing trip in northeast Manitoba where there was neither access to Internet nor the daily price action in grain and soy futures markets as well as news that might be of impact. After being away, it is always very interesting to see what has changed or not and why. Take futures prices as an example. Since the market closes of 5 June until today when we checked prices about midway through the day session, the following futures price changes were noted:
July cor...
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...
