Welcome back from the holiday. The latest weather reports have not brightened prospects for crops in Argentina and southern Brazil and weather premium was added across the board in the Sunday overnight session, but it failed to completely hold on Monday. If not for the uncertainty in South America, one could expect weaker volume during a week between major holidays. It was lower volume in the wheat market as it headed lower, but the soy complex saw notable activity on its way to solid gains. There is a chance for light precipitation in Argentina and southern Brazil, but the chance is greater that La Niña heat and drought will persist through January. Consequently, some degree of crop stress can be expected. Expor...
Accountability and a comprehensive approach to export programming
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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...