THE OPEN Nov beans: 4 higher Dec meal: 1.20 higher Dec soyoil: 3 higher Dec corn: 3/4 lower Dec wheat: 7 1/2 higher The markets opened as called with funds selling corn pushing values into sell-stops on a disappointing export sales report and the lack of a meaningful frost. Price action stumbled lower in corn after it became the sell side of spread activity. Minneapolis wheat finally corrected lower after posting new highs for the move upward. Products were adjusting as we move into first notice day for October contracts. In terms of announcements, International Grains Council (IGC) lowered world bean production by 2 mmt to 342 mmt. SOY
The soy...
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...