THE OPEN Nov beans: 9 higher Dec meal: .20 lower Dec soyoil: 120 pts higher Dec corn: 4 higher Dec wheat: 10 higher Prices opened as expected with upside follow-through on a good technical close and chatter that China has come back and booked beans. Spreads also strengthened which helped the bull's cause. Later in the session soyoil prices turned lower from higher, taking bean prices along for the ride as a new headline was released that stated the EPA was considering cuts to biofuel blending obligations for 2020, 21, and 22. Chinese markets opened and stocks were down only fractionally, which helped to stabilize markets globally, particularly the US. SOY
Bean pric...
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...
