THE OPEN May beans: 1/2 higher May meal: .10 higher May soyoil; steady May corn: steady May wheat: 1 lower Prices opened on a mixed note with weaker oilshare a major feature of trade, while meal prices rallied sharply. The meal rally was off the back of an announcement from Argentina's Ag Ministry stating that they would temporarily halt the country's agricultural export records, driving speculation that it could be a step before the government would change grain export taxes. Short-covering in meal was a key feature while soyoil futures were pushed to new market lows. Grains remained soft as old wheat bulls continue to take strength as a selling opportunity. SOY
The major feat...
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...
