THE OPEN November beans: 2 lower December meal: .40 lower December soyoil: 14 lower December corn: 1 1/2 higher September wheat: 4 1/2 higher The markets opened as expected with more short-covering in grains and profit-taking in oilshare. Traders were unwinding previous buy soyoil/sell meal, and buy corn/sell wheat. Corn shorts were certainly not panicking as prices traded into key resistance, with all the markets entering into a consolidation phase of trade into tomorrow's August 12 WASDE. SOY
The major feature in the soy complex was that of more profit-taking in oilshare generated by technical signals. A key reversal presented as a friendly tech signal in meal, wh...
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...