THE OPEN November beans: 2 higher December meal: steady December soyoil: 29 higher December corn: 1 1/2 lower December wheat: 1 lower The markets opened on a cautious note as we head towards the Labor Day weekend. Rumors of bean business were around yesterday, so were merely confirmed this morning. Corn futures trended weaker as prices build resistance on the charts. Charts remain generally over bought, and in some cases extremely so, leading to what could be a couple of sessions of choppy trade. Later in the session, negative macros spilled over into the Ag space, resulting in more long liquidation trade. SOY
The soy complex opened as expected, which was met with a round...
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...
