THE OPEN July beans: 4 1/2 higher July meal: 1.00 higher July soyoil: 23 higher July corn: 1 higher July wheat: 2 lower Prices were mixed at the open with wheat lower as Egypt's tender was filled by Ukraine and harvest begins in Oklahoma. More rumors of additional Chinese inquiries kept beans afloat from the start of the day, creating a buy bean/sell wheat spread trade. Before the open, USDA reported that China had indeed purchased 120,000 mt of beans. Buy bean/sell corn trade was also noted. SOY
The feature of the day was fund buying in beans and soyoil, as oilshare pushed to new highs. July soyoil found support on market pullbacks that allowed prices to test the 28c level.&nb...
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...
