THE OPEN May beans: 2 lower May meal: 1.20 lower May soyoil: 5 lower May corn: 6 3/4 higher May wheat: 7 3/4 higher The markets opened as called with a sharp rally in corn leading the way higher for other markets to do much the same. Wheat futures ran more shorts out of the market as prices rose responding to ongoing concerns over dryness in the US northern plains, and the fact that HRW could be an alternative to high priced corn for cattle feeders. Bean trade was higher tagging along with corn prices, but the cancellation of beans for old crop by China seemed to weigh on the market. SOY
The major feature in the soy complex was that of higher oilshare, as traders once again bot soyoi...
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...
