THE OPEN March beans: 18 lower March meal: 450 lower March soyoil: 45lower March corn: 6 1/4 lower March wheat: 7 lower The soy complex and grains opened lower as expected on the back of overbought conditions and a poor round of export sales. Nestled within the bean export sales were Chinese bean cancellations, though morning announcements may have helped to offset them. Throughout the session, corn prices did not falter much, and instead remain fairly close to contract highs, suggesting the pullback in beans is merely a temporary adjustment to the downside. The bull market seems to be taking a breather, but is not over at the moment. SOY
The soy complex opened lower with...
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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