THE OPEN May beans: 2 1/2 higher May meal: steady May soyoil: 11 higher May corn: 3/4 higher May wheat: 6 higher The markets opened as expected with prices trading higher at the start of the day. Profit-taking was noted as shorts covered in beans and sold wheat. Traders eventually bot soyoil/sold meal with oilshare moving higher. The Outlook numbers set the stage for what may become a longer term buy bean/sell corn trade. Profit-taking was noted in wheat as funds remain long into the weekend to the tune of about 50K. The new crop bean/corn ratio traded to 2.36:1. SOY
The feature in the soy complex was an early rally in the bean market which triggered buy-stops and s...
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...
