THE OPEN Jan beans: 10 lower Jan meal: 1.00 higher Jan soyoil: 69 lower March corn: 5 1/4 lower March wheat: 3/4 lower The markets opened lower with more fund selling and profit-taking into the opening hour. Rumors/chatter of possible Chinese bean wash-outs were noted in the market, as well as ideas that some US orders could be switched to Brazil for the Feb. time period. Oilshare also found profit-taking from lower palm oil prices. Wheat futures gained on corn, corn held up better vs. beans, and meal was higher vs. soyoil. SOY
The major feature in the soy complex was that of profit-taking in oilshare, with Jan values dropping back towards the 32.0% level with a trade to 32.30%...
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...
