Soybeans traded slightly lower overnight as did corn and wheat. After trading resumed in the day session, commercial buying of soyoil futures sparked a rally effort for soybeans, and bean prices were as much as 10 cents higher at one point. General Comments Traders may have been hoping for a Tuesday market bounce, but that did not happen except for modestly higher prices for soybean and soyoil futures. Soybeans traded slightly lower overnight as did corn and wheat. After trading resumed in the day session, commercial buying of soyoil futures sparked a rally effort for soybeans, and bean prices were as much as 10 cents higher at one point. Such prosperity could not hold, however, and prices drifted lower. Soybeans still managed a positive...
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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...