THE OPEN Nov beans: 5 lower July meal: .10 lower July soyoil: 15 lower Sep. corn: 4 lower Sep. wheat: 4 lower Prices opened as called with selling out of the gate. More corn states improved than did not, which created selling pressure throughout the day. Beans suffered from further skepticism over the comments as regards the trade deal, and new calls for Covid-19 free imports. Bull-spreading continued in the bean market, while short-covering was an early wheat feature. Rains over the next week seemed to cap off any gains that the market could make today, even as prices remain in ranges. SOY
The soy complex opened as called with prices turning higher for nearby contr...
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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