Milling Wheat The Black Sea market remained about unchanged last week after several consecutive weeks of declining prices. The Russian crop is estimated to be 66-72 MMT. The market will be closely monitoring the harvest results in the coming days/weeks for more information regarding the actual yields. The market focus this week has shifted from Russia to France after Stategie Grains reduced its estimate of the French crop last Friday from 37.8 MMT to 33.2 MMT due to the adverse weather developments in the last two months. That announcement was a big surprise to the market as most French operators are estimating the crop at 36-37 MMT. The EU announced that exports totaled 20.1 MMT as of 26 June, down from 23.9 MMT at the same time a year...
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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...