THE OPEN Jan beans: 14 lower Jan meal: 6.60 lower Jan soyoil: 25 lower March corn: 4 lower March wheat: 1/2 lower The markets opened as called with a good bounce out of the wheat market stabilizing prices across the rest of the board. Short-covering was noted for the rest of the markets, with soyoil turning higher against meal briefly. Profit-taking was noted for the March wheat/corn spread, which was partially responsible for the wheat upside correction. SOY
The major feature in the soy complex was that of higher oilshare as Jan soyoil prices appeared to have met a cycle low at 3650c with a bounce back over 37c. Higher soyoil came on the back of firmer crude, which traded to $...
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...
