THE OPEN:
Nov beans: 2 1/2 lower Dec meal: .50 lower Dec soyoil: 20 lower Dec corn: 2 lower Dec wheat: 3 1/4 higher
The markets opened as called, which was mostly weaker (except for wheat). Selling was noted for the soy complex out of the starting gate, with more buy grains/sell soy spread trade. Oilshare and the crush worked their way lower. By the middle of the day it was clear that bears were going to win the battle with most of the markets, except wheat, trending weaker. SOY The soy complex worked lower today as the sell side of a buy grains/sell soy spread trade. Better rains are now forecast next week for Brazil, and plantings in the major producing-state of Mato Grosso can begin. Weaker currencies are giving Brazilian far...
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...
