THE OPEN May beans: 1/2 lower May meal: 3.30 lower May soyoil: 30 higher May corn: 1/4 higher May wheat: 2 lower The markets opened as called though prices quickly were lower for soyoil and beans. Traders were noted early buyers of corn/sellers of wheat, while oilshare corrected further to the downside. This will be a big day for soyoil price, as tumbling prices now set a possible top in the market. SOY
The soy complex opened as expected with the key feature of sharply lower soyoil prices as bulls head for the exit. Leaking soyoil prices weighed on beans, while meal turned lower as well. Buyers in meal remain patient, as the chart direction continues sideways...
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...
