THE OPEN Jan beans: 15 1/2 higher Dec meal: 5.20 higher Dec soyoil: 18 higher Dec corn: 3 1/4 higher Dec wheat: 2 1/2 higher The markets opened higher but a collapse in soyoil prices led to a round of profit-taking elsewhere on the board, setting a stage for a badly needed market pullback if only to alleviate overbought extremes. Corn prices fell into good scale down commercial pricing interest along with meal. SOY
The soyoil market opened higher but it was not a convincing move and weaker overnight palm and crude oil set the stage for profit-taking. Dec. soyoil prices dropped below 39c which triggered sell-stops and a test close to 38c once again. Meal prices were...
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...
