GOOD MORNING, Prices are lower again on technical considerations as beans trend lower following a still weaker soyoil market. Funds were sellers of 16k bean contracts yesterday and 22,000 soyoil, while purchasing 5,000 meal. Rumors and stories are now trending bearish, with the most recent being that China is pushing trading firms to get out of length in commodity markets to curb inflation. Truth or not, it's tough to tell. This morning's headlines include reports that China will issue new rules on the management of price indexes for commodities and services, as they continue to attempt to battle inflation. The measure will take place Aug 1, and will standardize how price indexes are compiled and improve transparenc...
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What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...