THE OPEN May beans: 2 1/2 higher May meal: 1.30 lower May soyoil; 40 higher May corn: 4 1/2 higher May wheat: 5 higher Commodity prices in general were higher as the Fed created a "shock and awe" moment with a surprise emergency 50 basis pt. rate cut. Commodities were firmer against a weaker US dollar led by gold, but certainly spill-over into Ags. Short-covering in corn and beans were obvious features of trade. Corn continued to gain on beans, while the soy complex entered into further price consolidation as soyoil corrected against meal. SOY
The soy complex traded higher on the day, though May beans seemed to grudgingly move to the next chart resistance level of $9.08 b...
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...
