Days like yesterday are always interesting but so was today’s market action in its own quirky way. The expectation was follow-through after some limit up finishes on Wednesday and the calculation that some contracts are not yet overbought. The opening reflected bullish calls but then it turned lower for everything but corn, soymeal, and beef. Volume was high except in soyoil and HRS. Higher limits were in play, but they were not needed. Instead, there was profit-taking. However, some of today’s lower levels will get bought. It is no doubt easier to price old crop at this point whereas the new crop still has a major unknown after yesterday’s USDA reports – the weather. There is still nothing too encouraging fo...
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...
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