THE OPEN Jan beans: 1/4 higher Dec meal: 80 lower Dec soyoil: 30 higher Dec corn: steady Dec wheat: 1 1/2 lower Prices opened as called with grains heading lower and the soy complex heading higher led by soyoil futures. Prices opened at the upper end of trade expectations, with soyoil futures following on the heels of a sharply higher palm oi market, which traded to one-year highs. Beans were supported by chatter that China has been in the market for both US and Brazilian beans this week, as they tender for end-of-year needs. Buy soy/sell grain trade and buy soyoil/sell meal spreads were ongoing features of trade for the day. SOY
The price action in the soy complex feat...
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...
