Cattle on Feed for June 2026
U.S. Cattle on Feed increased two percent in feedlots with capacity of 1,000 or more head to total 11.7 million on June 1, 2026. Placements in feedlots during May totaled 1.70 million head, 10 percent below 2025. Marketings of fed cattle during May totaled 1.55 million head, 12 perc...
Summary of Futures
Jul 26 Corn closed at $4.175/bushel, down $0.035 from yesterday's close. Sep 26 Wheat closed at $6.14/bushel, down $0.0725 from yesterday's close. Nov 26 Soybeans closed at $11.4275/bushel, down $0.065 from yesterday's close. Jul 26 Soymeal closed at $301.3/short ton, down $3...
Market Commentary: Selling Across Most Commodities After Hawkish Fed
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...
USMCA: A Review or a Renegotiation?
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
Summary of Futures
Jul 26 Corn closed at $4.21/bushel, up $0.0725 from yesterday's close. Jul 26 Wheat closed at $6.1275/bushel, up $0.1675 from yesterday's close. Jul 26 Soybeans closed at $11.32/bushel, up $0.02 from yesterday's close. Jul 26 Soymeal closed at $304.8/short ton, up $0 from yest...
Market Commentary: Markets on Pins & Needles
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
Naturally Resilient Crops Are Key to Drought Mitigation
Key Takeaways: Drought remains a major threat to global agricultural production, particularly in regions with limited rainfall and growing water scarcity. Commercially available drought-tolerant traits in corn, soybeans, and wheat have generally delivered modest yield improvements, limiting th...
Transportation Perspectives - 16 June
Key Takeaways: Peace at last in the Persian Gulf? Over the weekend, the U.S. announced and Iranian officials confirmed a peace agreement, with formal ratification set for Geneva on 19 June. The announcement means the Strait of Hormuz is set to reopen fully and toll-free within 30 days.&n...
FOB Prices and Freight Rates App (Updated 17 June)
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “...
Summary of Futures
Jul 26 Corn closed at $4.1375/bushel, down $0.0175 from yesterday's close. Jul 26 Wheat closed at $5.96/bushel, up $0.0625 from yesterday's close. Jul 26 Soybeans closed at $11.3/bushel, up $0.1075 from yesterday's close. Jul 26 Soymeal closed at $304.8/short ton, up $2.8 from...
Market Commentary: China Buying Rumors Lift Soybeans; Cattle Rise on Beef Demand Hopes
What You Need to Know Today: American and Mexican officials met Tuesday and will meet again Wednesday for another round of trade talks, where ag and energy will be a key topic. Another round is scheduled for 20 July. Ag groups are urging President Trump to renew USMCA for another 16 years, but...
New World Screwworm Spreading North
Since the first U.S. case of New World Screwworm (NWS) was confirmed on 3 June, USDA has confirmed 12 cases. The latest was confirmed in a sheep on 12 June, with four additional cases confirmed in Texas on 11 June, three in cattle and one in a goat. The New Mexico case confirmed that the infect...
Cattle on Feed for June 2026
U.S. Cattle on Feed increased two percent in feedlots with capacity of 1,000 or more head to total 11.7 million on June 1, 2026. Placements in feedlots during May totaled 1.70 million head, 10 percent below 2025. Marketings of fed cattle during May totaled 1.55 million head, 12 perc...
Summary of Futures
Jul 26 Corn closed at $4.175/bushel, down $0.035 from yesterday's close. Sep 26 Wheat closed at $6.14/bushel, down $0.0725 from yesterday's close. Nov 26 Soybeans closed at $11.4275/bushel, down $0.065 from yesterday's close. Jul 26 Soymeal closed at $301.3/short ton, down $3...
Market Commentary: Selling Across Most Commodities After Hawkish Fed
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...
USMCA: A Review or a Renegotiation?
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
Summary of Futures
Jul 26 Corn closed at $4.21/bushel, up $0.0725 from yesterday's close. Jul 26 Wheat closed at $6.1275/bushel, up $0.1675 from yesterday's close. Jul 26 Soybeans closed at $11.32/bushel, up $0.02 from yesterday's close. Jul 26 Soymeal closed at $304.8/short ton, up $0 from yest...
Market Commentary: Markets on Pins & Needles
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
Naturally Resilient Crops Are Key to Drought Mitigation
Key Takeaways: Drought remains a major threat to global agricultural production, particularly in regions with limited rainfall and growing water scarcity. Commercially available drought-tolerant traits in corn, soybeans, and wheat have generally delivered modest yield improvements, limiting th...
Transportation Perspectives - 16 June
Key Takeaways: Peace at last in the Persian Gulf? Over the weekend, the U.S. announced and Iranian officials confirmed a peace agreement, with formal ratification set for Geneva on 19 June. The announcement means the Strait of Hormuz is set to reopen fully and toll-free within 30 days.&n...
FOB Prices and Freight Rates App (Updated 17 June)
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “...
Summary of Futures
Jul 26 Corn closed at $4.1375/bushel, down $0.0175 from yesterday's close. Jul 26 Wheat closed at $5.96/bushel, up $0.0625 from yesterday's close. Jul 26 Soybeans closed at $11.3/bushel, up $0.1075 from yesterday's close. Jul 26 Soymeal closed at $304.8/short ton, up $2.8 from...
Market Commentary: China Buying Rumors Lift Soybeans; Cattle Rise on Beef Demand Hopes
What You Need to Know Today: American and Mexican officials met Tuesday and will meet again Wednesday for another round of trade talks, where ag and energy will be a key topic. Another round is scheduled for 20 July. Ag groups are urging President Trump to renew USMCA for another 16 years, but...
New World Screwworm Spreading North
Since the first U.S. case of New World Screwworm (NWS) was confirmed on 3 June, USDA has confirmed 12 cases. The latest was confirmed in a sheep on 12 June, with four additional cases confirmed in Texas on 11 June, three in cattle and one in a goat. The New Mexico case confirmed that the infect...