THE OPEN November beans: 4 higher December meal: 4.60 lower December soyoil: 180 pts higher December corn: 1 higher December wheat: 2 lower The markets opened as called with higher oilshare value intact once again remaining as the major feature of trade. Wheat lost to corn, and meal lost to soyoil. The nearby July/Dec corn inverted further as we head into first notice day tomorrow. The theme was that of more short-covering and cleaning up of July positions ahead of first notice day, but bulls also took a small rally to liquidate. SOY
The major feature of trade was that of higher oilshare as traders continued to buy soyoil and sell meal. December meal prices spent the majo...
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...
