THE OPEN May beans: 3 1/2 lower May meal: 1.10 higher May soyoil: 60 lower May corn: 5 higher May wheat: 4 3/4 lower The opening feature of the day was that of profit-taking in oilshare as crude oil dropped, and weaker wheat. Better rains in HRW wheat country pressured KC, which entered into double digit losses. SOY
The soy complex opened mixed but continued to find pressure. Bean prices consolidated while products traded lower. May soyoil tests 54c but it appears to be a successful trade, allowing for prices to bounce again. May meal tests trendline resistance at $410.00 but turns lower from there as pricings remain under the market now. Meal buyers re...
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...