THE OPEN November beans: 9 higher December meal: 3.50 higher December soyoil: 7 higher December corn: 1 higher December wheat: 2 1/4 higher Prices opened as expected with soyoil futures trading into the red at the start of the day and overbought charts prompting early profit-taking. Meal was the star performer on the day, making new ctr highs after the open. Oilshare found profit-taking as meal rallied. Wheat futures gained on corn, triggering buy-stops to clear previous highs and set new ones. SOY
The primary feature of the morning was profit-taking in oilshare. Traders bought meal/sold soyoil as more meal business was transacted. New length in December meal and more ten...
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...
