THE OPEN Jan beans: 18 3/4 higher Dec meal: 7.70 higher Dec soyoil: 15 higher Dec corn: 3 higher Dec wheat: 2 3/4 higher The markets opened higher with more buy bean/sell wheat spread trade and buy meal/sell soyoil. Bull-spreads were firmer as the markets returned to strength. Traders continue to hear about corn and bean Chinese business, but have yet to see confirmations. The weaker US dollar continues as a positive back-drop for commodities in general. SOY
The key feature of the complex was that of new contract highs in beans as well as profit-taking in oilshare. Jan beans found new buying from a less-than-expected long commitment-of-traders report, and ru...
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...