THE OPEN July beans: 2 higher July meal; .10 lower July soyoil: 10 higher July corn: 3 1/2 higher July wheat: 2 1/2 higher The markets opened as called with traders unwinding previous buy soy/sell grain trade. Corn led the way higher on technical considerations, with charts slightly more constructive and funds covering in partial short positions. Flooding in parts of the northern Corn Belt and concerns over un-planted acreage added to the rally. Rumors persisted throughout the day that China was looking to book corn and beans. SOY
The soy complex opened higher but prices turned lower with July meal trading into new contract lows from the opening. Meal became about a...
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...