THE OPEN Jan beans: 11 higher Dec meal: 2.90 higher Dec soyoi: 61 higher Dec corn: 2 3/4 higher Dec wheat: 2 1/2 higher The markets opened higher with beans and soyoil place new contract highs. Oilshare is higher as well as traders buy soyoil/sell meal. Buy beans/sell wheat trade continues as a fan favorite trade as stocks-to-use ratio remains tight for the first and generous for the latter. Upward pressure continues in beans as they head into ration mode as exports will draw-down stocks. Beans and soyoil prices are also extremely overbought, suggesting that a pullback is needed to clean house at some point. SOY
The open continued to accelerate Jan beans to new contract h...
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...
