There was nothing bullish in USDA’s numbers today. However, USDA did tinker with corn more than anticipated in mid-winter and revised the world wheat ending supply number in an unexpected way.There was nothing bullish in USDA’s numbers today, but no one expected there to be. The wheat export forecast was reduced by 25 million bushels and ending supplies increased by a like amount. Those were the only two revisions in the U.S. wheat supply/demand.USDA tinkered with corn more than anticipated in mid-winter, trimming exports by 50 million bushels and boosting imports by 10 million bushels. Those supply increases were partially offset by rises in ethanol (25 million bushels) and food/seed/industrial (25 million bushels). The net result was a 35...
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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