THE OPEN July beans: 4 1/2 higher July meal: 1.00 higher July soyoil: 23 higher July corn: 1 higher July wheat: 2 lower Prices were mixed at the open with wheat lower as Egypt's tender was filled by Ukraine and harvest begins in Oklahoma. More rumors of additional Chinese inquiries kept beans afloat from the start of the day, creating a buy bean/sell wheat spread trade. Before the open, USDA reported that China had indeed purchased 120,000 mt of beans. Buy bean/sell corn trade was also noted. SOY
The feature of the day was fund buying in beans and soyoil, as oilshare pushed to new highs. July soyoil found support on market pullbacks that allowed prices to test the 28c level.&nb...
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...
