THE OPEN Nov beans: 5 lower July meal: 1.50 lower July soyoil: 24 lower Sep corn: 2 1/2 lower Sep wheat: 4 1/2 lower Prices started the day lower with bean trade weaker than expected as China deals with more Covid-19 cases. Soyoil prices turned higher as funds continue to own pullbacks. Wheat prices broke to the downside of recent trading ranges. Inter-market spread activity kept the soy complex supported at its lows while wheat trends turned weaker. SOY
The soy complex opened into surprising weakness today with Nov beans falling under important support at $8.70 which triggered sell-stops and a trip towards key support close to $8.65. Initial nervousnes...
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...