GOOD MORNING, The markets continue mixed this morning. The larger question given the sell-off is whether the bull market is over? Will funds remain long futures if prices continue to slowly leak lower? A "v" shaped top drove Nov beans to its lows, and the market hunts for price stability. Open interest in the bean market suggests there are now new shorts mixed in with old bulls, and the combination of the two is what trading ranges are made of. A noted correction today is seen for those who have been buying meal and selling soyoil all week. Wheat remains a technical affair with US HRW more expensive than Russian origin, and more expensive than French or Black Sea. Rumors about de...
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...
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