THE OPEN May beans: 6 higher May meal: .90 higher May soyoil: 11 lower May corn: 3 1/2 higher May wheat: 1 lower The markets opened as called with the soy complex entering into still higher trade. The sale of corn to China makes it nearly 4 mmt that they have been purchased in the past four days. Buy corn/sell wheat and buy meal/sell soyoil trade was the early morning feature. Bull-spread activity continues, which pushes deferred contracts into new lows, or towards the lower end of recent trading ranges. The US /China meeting in Alaska was reported to be fairly confrontational and tense as current tariffs and trade discussions continue. SOY
The main feature i...
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...
