The CBOT declined broadly on Tuesday as fund liquidation and weak chart conditions won out against end user pricing/importer buying. Funds were net sellers across the board with noted position liquidation developing ahead of Thursday’s WASDE report. The Goldman roll finished its second day and that continues to drive spread trade in the soy complex. Minor rallies attracted fund selling and new shorts are being initiated at current tops. U.S. farmers have become more pronounced sellers this week, especially in soybeans, and are thought to have sold 60-65 percent of the U.S. corn crop. USDA did not announce any daily “flash” export sales today, and the lack of export business confirmation is weighing on markets. The S...
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What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...