THE OPEN May beans: 15 higher May meal: 5.40 higher May soyoil: 50 higher May corn: 4 higher May wheat: 6 1/2 higher The markets opened as called with wheat triggering buy-stops as prices traded above recent highs. Oilshare remained the leader on the board, traveling to new highs on vegoil strength. Buy bean/sell corn trade continues as the acreage fight heats up. SOY
The soy complex was led by soyoil once again, which opened on a steady note but traded sharply higher after the open. March soyoil trades above 50c to 5150c, levels not seen since 2014. Crude oil prices helped soyoil to firm, while canola futures took a time-out to consolidate some of its recent gains. ...
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...
