THE OPEN March beans: 4 1/2 lower March meal: .30 higher March soyoil: 9 lower March corn: 2 1/2 lower March wheat: 4 1/2 higher The major feature of the morning was that of spread trade, with traders buying wheat/selling corn and buying meal/selling soyoil. Meal prices rebounded off the lows of the trading range, awaiting NOPA crush numbers which stabilized beans. Corn prices remained under pressure as wheat prices worked higher. Funds remain long the markets still, continuing to look at SA weather forecasts. Without a clear vision that good rains are ahead, the markets seem to want to retain its edge. SOY
The major feature of the morning came from traders booking profits on...
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...