THE OPEN:
July beans: 7 higher July meal: 1.20 higher July soyoil: 35 higher July corn: 2 3/4 higher July wheat: 1/2 higher
Prices opened as expected with more traders cleaning up position in front of what is going to be a very chilly weekend. Cold weather extremes will likely keep markets well bid. The commitment-of-trader's report will be released which will likely show traders playing it close to even on beans, slightly short productions, slightly long wheat, and net short corn to the tune of 200K. Beans remained the most impacted by recent news, as prices climbed to new highs for the rally off recent lows. It was reported that US and Chinese high-level reps spoke by phone and vowed to continue to support the trad...
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...
