THE OPEN November beans: 3 1/2 lower December meal: 1.70 lower December soyoil: 16 higher December corn: 7 lower December wheat: 3 1/4 lower The markets opened as expected with a bit more technical selling on hand in the grains and meal. Higher soyoil prices stabilized beans at first, but weaker meal and grains found beans in the red into the last part of the day. Bull-spreading was noted keeping inverses well supported. SOY
The soy complex was mixed with higher oilshare the major feature as traders bot soyoil/sold meal. August crush trades to 80c/bu while oilshare trades firmer to 46.31%. Traders were buying soyoil on the back of higher palm, canola, and cru...
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...