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First Thing Today | June 28, 2022

Corn and wheat futures posted strong gains on corrective buying overnight, while soybeans sharply extended Monday’s gains.

Corn, soybean and spring wheat CCI ratings fall

The corn CCI rating is now below the five-year average for the first time this year. The soybean and spring wheat ratings remain above average.

First Thing Today | June 27, 2022

Corn futures traded lower throughout the overnight session, while soybeans and wheat rebounded from initial losses.

Meat
Record May frozen beef stocks

USDA's Cold Storage Report signaled demand is not keeping pace with supplies amid near-record retail prices.

First Thing Today | June 23, 2022

Mounting recessionary concerns triggered heavy liquidation pressure in the grain and soy markets overnight.

Powell: Fed ‘strongly committed’ to reining in inflation

But he acknowledged that a recession was 'certainly a possibility' given the global situation. Recessionary fears are building with economists.

Midweek Cash Markets | June 22, 2022

Soybean basis continues its recent decline.

Evening Report | June 22, 2022

Powell addresses inflation and potential impacts on the economy