THE OPEN May beans: 1/2 higher May meal: .10 higher May soyoil; steady May corn: steady May wheat: 1 lower Prices opened on a mixed note with weaker oilshare a major feature of trade, while meal prices rallied sharply. The meal rally was off the back of an announcement from Argentina's Ag Ministry stating that they would temporarily halt the country's agricultural export records, driving speculation that it could be a step before the government would change grain export taxes. Short-covering in meal was a key feature while soyoil futures were pushed to new market lows. Grains remained soft as old wheat bulls continue to take strength as a selling opportunity. SOY
The major feat...
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...
