Milling Wheat The market in the Black Sea is quiet with limited activity reported this week. Confident that the total grain exports will exceed the previous estimate of 27 MMT, the Russian government raised its projection to 28 MMT.The Ukrainian government announced that up to 3.5 million hectares of winter grains and rapeseeds acreage would have to be reseeded in the spring with corn. Local analysts and market operators do not quite agree with this assumption. The consensus seems to be that corn acreage will increase by about 0.5 million hectares over last year's acreage. The majority of the damaged winter wheat is in the southern part of Ukraine, which is not the main corn growing region. The farmers in this region probably would prefe...
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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