THE OPEN March beans: 3/4 lower March meal: 1.30 higher March soyoil: 29 lower March corn: 1 1/2 higher March wheat: 1/4 higher The markets opened as called with more short-covering in corn futures helping to stabilize prices elsewhere on the board. Profit-taking in oilshare was also a feature as traders bot meal against soyoil. Most of the lows this morning hit key bottom targets which helped to create a short-covering atmosphere around the board. Spreads were firmer with funds short March in corn and beans, with the roll keeping the spreads tight. SOY
The main feature in the soy complex was that of weaker oilshare, as meal prices strengthened off the lows.&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...