THE OPEN July beans: 2 1/2 lower July meal: 1.20 lower July soyoil: 3 higher July corn: 3/4 higher July wheat: 3 lower Prices opened as called but funds were back to selling the markets again after the open. The digestion of the May numbers still suggests that stocks could build, bringing a defensive tone to the market as weather remains neutral. Oilshare was firmer as prices once more went on the defensive. Wheat prices traded both sides of $5.00 after reaching new lows for the move down. SOY
The feature in the soy complex was that of firmer oilshare, as soyoil prices traded either side of even, with July prices back over 26c as has been the overall trend. A...
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...