THE OPEN Jan beans: 11 higher Jan meal: 4.00 higher Jan soyoil: 13 higher March corn: 2 3/4 higher March wheat: 2 1/2 higher Compact trade continues with a better rally out of wheat on short-covering and gains in the soy complex, meal performing better than soyoil. The markets are spending time in consolidation mode right now heading into the next round of reports. Volumes are off, given over mostly to spread trade as this is day 3 of the Goldman roll. SOY
The major feature in the soy complex was that of technical buying activity and more profit-taking in oilshare and soyoil as prices further consolidated price action. March crush slid to 91c/bu, (which is still a g...
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...