THE OPEN Jan beans: 5-7 higher Jan meal: 1.10 higher Jan soyoil: 52 higher March corn: 2 1/2 higher March wheat: 6 1/2 lower The markets opened as expected with the key feature being that of breaking wheat prices. Prices elsewhere remained firm as traders bought corn and beans on Chinese rumors while selling wheat as it should remain the bearish market heading into the December 10 WASDE report. SOY
The soy complex opened higher with a small pullback as wheat prices broke lower. However, the markets remained well bid with soyoil following higher canola and firmer crude. Canola prices were higher on the bullish Stats Canada production number, which created a test of recent...
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...
