Market Value A late week rally that pulled soybeans back above the 50-day moving average of $14/bushel was not enough to prevent an overall down week for complex. In fact, soybeans traded briefly yesterday at a one-month low. Factors influencing the market include:
Macroeconomic factors that vacillate levels of concern. China’s COVID lockdowns and relative demand. The strong U.S. dollar. Rising crude oil values. Argentina’s “soy dollar” loosening up soybean exports. Potential quality issues with Mississippi delta soybeans. Vladimir Putin threatening the duration of exports from Ukraine.
For the week, November soybeans were down 8.25 cents, December soymeal was down $7.00 and December soyoil was off 1.43...
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...
