THE OPEN March beans: 15 higher March meal: 4.30 higher March soyoil: 22 higher March corn: 2 1/2 higher March wheat: 1 1/2 higher March canola: 5.90 higher The markets opened as expected with weakness at the open followed by new buying which sent bean prices to new contract highs. Corn prices followed at a slower pace, while oilshare losses were noted. Meal gained on soyoil throughout the morning, and corn on wheat. Traders seemed to be getting back into a buy bean/sell wheat trade prior to the USDA report next week, in case the report is not as bullish as some expect. New lows were noted for crush today, as the products are not keeping up with bean strength. SOY
The mo...
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...
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