THE OPEN May beans: 3 1/2 lower May meal: 1.10 higher May soyoil: 44 lower May corn: 1 1/2 lower May wheat; 3 3/4 lower The markets opened as called with corn gaining on wheat and beans, while oilshare continued to weaken. Wheat prices took out major support as old longs left and technical bears jumped on-board. Meal prices remained firm as Argentine crush and export problems continue, with a farmer strike on the way. Ags could not avoid the heavy macro picture, eventually triggering sell-stops to lower levels, led by wheat trade. SOY
The soy complex traded on a mixed note, as the major feature was lower oilshare, with meal and soyoil backed by their own recent stories. For soyoil, i...
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...
