USDA will release its June WASDE (supply and demand) estimates tomorrow (Tuesday). The market is searching for answers about how greatly corn and soybean production will be impacted by the wettest planting season in modern history. Unfortunately, the report will likely not provide much insight for several reasons. - There is no way yet to accurately determine the final planted acreage of either crop. As pointed out in last Friday’s analysis, the surveys for the 28 June acreage update are being completed now, but their numbers might not be conclusive either. - The trade has centered its analytics on trying to guess the weather’s effect on planted acres. However, most have failed to recognize how negative the late planting dates...
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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...