U.S. export sales are seasonally slowing, which is impacting CBOT futures. American farmers have nonetheless had a good run. The value of the dollar is up 1.6 percent from its low at the start of the year, which further adds competitive pressure. After nearly a four-month run of U.S. corn being cheaper than South American origin, Argentina took the lead this month as the cheapest. Brazil still faces the burden of an uncertain safrinha crop that could keep its exports below their peak in 2018/19.
It has always been more muddled for U.S. wheat exports, which are tracking better than in the past couple of campaigns but are in overall decline. Spot FOB prices might be close but are offset by Europe’s transport...
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...
