THE OPEN March beans: 2 1/2 lower March meal: 2.20 lower March soyoil: 17 lower March corn: 1/4 lower March wheat: 1 higher The markets opened into new contract highs for corn with funds buyers across the board. Funds were buying back what they sold yesterday with room to add more as the Commitment-of-Trader's report for the soy complex particularly showed positions that were smaller than expected. Rallies on the back of fund selling worked higher as farmer selling remains extremely light. Wheat futures followed corn, while products stabilized on the back of strong bean and corn trade. A continuing weaker US dollar helps to support futures as well as new lows are set. 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...
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