THE OPEN May beans: 2 1/2 higher May meal: steady May soyoil: 11 higher May corn: 3/4 higher May wheat: 6 higher The markets opened as expected with prices trading higher at the start of the day. Profit-taking was noted as shorts covered in beans and sold wheat. Traders eventually bot soyoil/sold meal with oilshare moving higher. The Outlook numbers set the stage for what may become a longer term buy bean/sell corn trade. Profit-taking was noted in wheat as funds remain long into the weekend to the tune of about 50K. The new crop bean/corn ratio traded to 2.36:1. SOY
The feature in the soy complex was an early rally in the bean market which triggered buy-stops and s...
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...
