U.S. Farm Commodities Turn Volatile as Midweek Rally Reverses

Overview

• Traders pushed prices higher on Wednesday but markets pulled back on Thursday morning with corn down about 3–4 cents and soybeans off roughly 11–12 cents.
• The USDA weekly export sales report showed 0.7–1.4 million metric tons of 2025/26 corn and a 372,000‑ton soybean sale to unknown destinations, providing partial but uneven demand support.
• EIA data showed U.S. ethanol production at 1.102 million barrels per day for the week of June 12, a 6,000 bpd decline that moderates corn demand expectations.
• Macro moves are shaping flows after the Federal Reserve left interest rates unchanged, and traders are watching the USDA Cattle on Feed report due later today for fresh livestock feed demand signals.
• Cotton trading was thin with just 396 bales reported sold recently, cattle and hog slaughter and price prints showed mixed signals, and large managed‑money position shifts continue to amplify intraday swings.