THE OPEN Beans: Aug. up 1 and Nov down 3 Meal: 2.50 lower Soyoil: 60 pts higher Corn: 5 1/2 lower Wheat: 6 1/4 higher The markets opened as expected with soyoil futures gaining quickly on the rest of the board. Strong oilshare once again attempted to pull beans higher, but later in the session bean strength could not hold. Meal prices worked lower as the largest feature on the day was that of buying soyoil/sell meal, and buying wheat/sell corn. SOY
The feature of the day was that of higher oilshare. August crush traded up to 1.01c/bu while oilshare traded to new highs for the recovery move to 45.92%. Strong palm oil, canola, and energy prices supported vegoils...
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...
