The Market This week’s trading in the futures market reversed last week’s gains for November soybeans. The loss of 7.75 cents places the contract value at 1387.75/bushel, conveniently positioned smack dab in the middle between technical support and resistance. By contrast, this is two weeks in a row of gains for December soymeal, adding $6.80/ST last week and another $7.50 this week for a value of 425.4/ST. Soyoil looks like overall commodity futures: add a little here, subtract a little there, and end up in the same spot. December soyoil lost 0.29 cents this week to end at 71.79/pound. We still need to stay awake during this drag period because there will be, new and important market inputs.
First notice for Novembe...
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...