The CBOT traded a relatively quiet day with corn consolidating and wheat attempting to turn lower before support entered on a break below key moving averages. Soybeans rallied once again on news of fresh export sales to China and soymeal followed suite. Funds were net buyers in soybean and soymeal futures while becoming modest sellers in corn and wheat. Outside markets were mostly higher as investors pushed cash previously on the sidelines back into stocks, particularly the NASDAQ. The S&P 500 and Dow finished with strong gains while crude oil recovered from its recent weakness as well. The U.S. dollar slipped 18 bps but is still trending higher from multi-year lows.
Notable Market News USDA FAS reported 238,000 MT of soybean...
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...
