THE OPEN May beans: 3 1/2 lower May meal: 1.10 higher May soyoil: 60 lower May corn: 5 higher May wheat: 4 3/4 lower The opening feature of the day was that of profit-taking in oilshare as crude oil dropped, and weaker wheat. Better rains in HRW wheat country pressured KC, which entered into double digit losses. SOY
The soy complex opened mixed but continued to find pressure. Bean prices consolidated while products traded lower. May soyoil tests 54c but it appears to be a successful trade, allowing for prices to bounce again. May meal tests trendline resistance at $410.00 but turns lower from there as pricings remain under the market now. Meal buyers re...
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...
