THE OPEN July beans: 12 3/4 lower July meal: 3.20 lower July soyoil: 57 lower July corn: 5 lower July wheat: 7 1/4 lower Prices opened lower as expected with beans punished the most given the exposure to heightened rhetoric from the Trump Administration that could threaten the Phase One deal. Wheat prices recovered after the open as traders bought wheat/sold beans and corn. A faster-than-expected planting pace is expected in the crop progress report after the close, which also added to a bearish mindset. In headline news items, Tyson Foods stated that the coronavirus would continue to limit US meat supply. SOY
The soy complex opened weaker with fund selling at the open for bea...
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...
