THE OPEN Nov beans: 1 1/2 higher Dec meal: .70 higher Dec soyoil: 5 higher Dec corn: 2 1/4 lower Dec wheat: 1/4 higher The markets opened as expected with oilshare continuing to bounce along with wheat prices. Buy wheat/sell corn and buy soyoil/sell meal trade was a key feature for the morning. Charts spent much of the day breaking to new current lows for corn, meal, and beans, while soyoil and wheat remained well supported. SOY
The major feature in the soy complex was that of rising oilshare, which bounced courtesy of a steady and congesting soyoil chart vs. a weaker meal market. Sell-stops were triggered when Dec meal took out $309.00, signali...
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...