THE OPEN March beans: 1 lower March meal: .20 lower March soyoil: 35 lower March corn: 1/2 lower March wheat: 1/2 lower Futures opened lower as expected but corn turned both sides of even, as traders continued to buy corn/sell wheat and beans. Meal put in new contract lows, and soyoil / beans traded into further weakness as well. Prices remained pressured for much of the day except for corn, where short-covering was noted as exports pick up and funds remain net short. SOY
Futures in the soy complex opened lower with March soyoil triggering another round of sell -stops under the 200-day moving average of 3040c to trade close to the 30c benchmark. Traders returned to...
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...
