THE OPEN Jan beans: 3 higher Jan meal: .70 lower Jan soyoil: 7 higher March corn: 1 1/2 lower March wheat: 7 1/2 higher Wheat prices opened higher and set the tone for firmer values across the board after an opening choppy trade. Prices opened with profit-taking particularly in corn, but found a bid after the first hour of trade. There continues to be chatter around about both corn and wheat interest from China, although there are not yet any confirmations as such. March wheat streaked higher into mid-morning trade, which triggered buying and short-covering across the rest of the board. Volumes were relatively light as this ends a full week of the Goldman Roll. SOY
The soy comp...
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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