Even though it didn't seem like there was much of any weather premium in the market before this week's rainfall, the speculative trade evidently felt there was.This was another bad week for the U.S. wheat market. By some accounts, it might have been one of the worst in several years. Kansas City wheat futures dropped to their lowest levels since 2010. Depending on the class of wheat, prices were down another 35-50 cents. There were several reasons for this week's poor performance:
It finally rained across the driest western portions of the U.S. hard red winter wheat region with a chance for more precipitation in the days ahead. The rains do not appear to be as widespread as forecast. Some areas didn't see any, while others received up to...
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...
