THE OPEN March beans: 4 1/2 lower March meal: .30 higher March soyoil: 9 lower March corn: 2 1/2 lower March wheat: 4 1/2 higher The major feature of the morning was that of spread trade, with traders buying wheat/selling corn and buying meal/selling soyoil. Meal prices rebounded off the lows of the trading range, awaiting NOPA crush numbers which stabilized beans. Corn prices remained under pressure as wheat prices worked higher. Funds remain long the markets still, continuing to look at SA weather forecasts. Without a clear vision that good rains are ahead, the markets seem to want to retain its edge. SOY
The major feature of the morning came from traders booking profits on...
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...
