THE OPEN May beans: 1 lower May meal: .80 lower May soyoil: 8 higher May corn: 1/2 lower May weather: 8 1/2 higher The markets opened as expected with inverses recovering from a recent sell-off and prices popping off fresh lows. Buy bean/sell corn and buy soyoil/sell meal trade continues. Prices continue to now recover from end-of-month profit-taking, with an impressive performance today. Good rallies were noted, but the March theme of choppy trade may continue to persevere. SOY
May beans held on to key technical support levels from $13.75 to $13.80 with pricing, short-covering, and perhaps even new buying activity. November beans gained as well, after prices nearly tested the...
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...
