Milling Wheat The Black Sea market has gained about $2.00. The FOB prices followed the rally of the U.S. and EU futures’ markets early in the week but not their later correction. The domestic market in Russia remained stable in rubles, and that currency weakened slightly against the USD due to erosion of the crude oil price. The weather there remains generally favorable for winter wheat. Temperatures in central Russia are expected to fall sharply in the coming days and reach -20˚C. However, these regions have received abundant snowfall during the last few days, and the crop should be well protected. The EU reported that 198,000 MT were exported last week, bringing the total to 12.2 MMT versus 15 MMT at the same time last year. The d...
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...
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