After the Bell
After the Bell | September 21, 2023 Commodities faced risk-off selling amid U.S. dollar strength from a more hawkish tone following this week’s FOMC meeting.
After the Bell | September 6, 2023 Global supply uncertainty led the grain and soy complexes mostly higher, though persisting U.S. dollar strength cast a shadow over corn futures amid weak export demand.
Corn held on to corrective gains while soybeans and wheat turned lower. Cotton powered to yearly highs. Cattle faced losses while hogs showed relative strength.
A rising U.S. dollar index pressured crop and hog markets today, though cattle showed relative strength.
Corn and soybeans succumbed to selling pressure while hogs and cotton outperformed to the upside on Wednesday.
Weakness was seen across ag markets today despite the overall “risk-on” tone in the marketplace.
Markets saw upside for the most part today, led by soybean strength. Wheat and cotton struggled to maintain spillover strength.
Mixed action in the grains today with soybeans leading strength, corn closing roughly flat and wheat leading losses.