The dollar index is sitting at a 10-week low, pressured by expectations of an upcoming Fed rate cut. That weaker dollar is being weighed alongside early harvest pressure and ongoing demand concerns in today’s grain trade.
Traders are also watching for word from the EPA, with a decision expected by day’s end on whether renewable fuel volumes lost to small refinery exemptions in 2023–2025 will be reallocated under future RFS standards.
Meanwhile in livestock, the focus turns to the cattle market after last week’s volatility. Retail beef sales are a key question heading into fall, as packers balance tighter margins with consumer demand at the meat counter. Analysts say retail movement will be critical in setting the tone for both cash trade and futures in the weeks ahead.
Mike Zuzolo with Global Commodity Analytics has today’s Market Wrap Up…
