THE OPEN May beans: 11 3/4 lower May meal: 1.00 lower May soyoil: 82 lower May corn: 5 lower May wheat: 8 3/4 low The markets opened as expected with meal prices turning higher on the day as traders booked profits on oilshare. Soyoil charts traded downward as multiple support levels were violated, which helped alleviate overbot signals. Macros were weaker with crude oil getting hit, which seemed to drag on most of the commodity markets today, resulting in an across-the-board commodity fund selling event. As is typical, where crude goes other markets will follow. Outside macro events included continued unwinding of previous buy energy/sell US currency trade. SOY
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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...
