THE OPEN May beans: 9 3/4 lower May meal: 3.50 lower May soyoil: 21 lower May corn: 4 1/2 lower May wheat: 1 1/2 lower The markets opened lower with more fund selling as charts were building in resistance and rains are forecast to fall in Argentina and the US plains. Beans were losing the most, but soyoil futures came roaring back from a hard break to trade to new contract highs. The strength in soyoil futures caught bears in beans flat-footed, which produced a short-covering rally in beans and meal. Corn prices followed, but grains remained generally weak led by wheat. SOY
The soy complex worked lower today led by beans and meal. Soyoil prices broke hard at first but managed an earl...
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...
