THE OPEN July beans: 1 lower July meal: 3.00 higher July soyoil: 99 lower July corn: 7 1/2 higher Dec wheat: 3 3/4 higher The markets owned as expected with beans trending lower on the back of extremely weak vegoil prices. Soyoil prices go lower on the back of sharply lower palm and canola, and possible biofuel changes. Buy corn/sell bean and buy meal/sell soyoil spread trade dominates. China continues to attempt to cool off hot commodity prices, with Premier Li stating they would work to keep grain prices at reasonable levels and work to curb rising prices of ag materials. SOY
The major feature of the morning was that of a continuation of weaker oilshare and soyoil price action.&nbs...
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...