THE OPEN Nov beans: 2 3/4 higher Dec meal: .30 higher Dec soyoil: 40 higher Dec corn: 1 1/2 lower Dec wheat: 4 3/4 lower The markets opened as called but the expectation for increased harvest and overbought markets sent prices into a badly needed round of profit-taking. Sell-stops were triggered in beans, with wheat prices leading the way lower. Weaker wheat weighed on corn, despite more biz announcements to China. Charts were in back and fill territory today for a turn-around Tuesday session of trade. Weaker spreads recently foreshadowed the break. SOY
New highs in December soyoil futures and profit-taking in beans set the stage for a correction for the soy complex...
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...