THE OPEN July beans: down 1 1/2 July meal: .90 higher July soyoil: 38 lower July corn: 1 1/4 lower July wheat: 4 lower Prices opened as expected but soon turned lower as funds came out selling once again. Crude oil prices dropped once more, which offered some light resistance to corn and soyoil futures. Oilshare weakened as soyoil demand is hit due to the virus, and building storage problems created more downside. SOY
Funds started the day by selling, with soyoil futures working lower on the back of weaker palm, (trading to new contract lows) and crude. July oilshare trades just below 31.0% to 30.95% where prices find some stability. July soyoil triggers...
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...
