THE OPEN Jan beans: 10 lower Jan meal: 1.00 higher Jan soyoil: 69 lower March corn: 5 1/4 lower March wheat: 3/4 lower The markets opened lower with more fund selling and profit-taking into the opening hour. Rumors/chatter of possible Chinese bean wash-outs were noted in the market, as well as ideas that some US orders could be switched to Brazil for the Feb. time period. Oilshare also found profit-taking from lower palm oil prices. Wheat futures gained on corn, corn held up better vs. beans, and meal was higher vs. soyoil. SOY
The major feature in the soy complex was that of profit-taking in oilshare, with Jan values dropping back towards the 32.0% level with a trade to 32.30%...
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...
