THE OPEN May beans: 2 1/2 higher May meal: 1.30 lower May soyoil; 40 higher May corn: 4 1/2 higher May wheat: 5 higher Commodity prices in general were higher as the Fed created a "shock and awe" moment with a surprise emergency 50 basis pt. rate cut. Commodities were firmer against a weaker US dollar led by gold, but certainly spill-over into Ags. Short-covering in corn and beans were obvious features of trade. Corn continued to gain on beans, while the soy complex entered into further price consolidation as soyoil corrected against meal. SOY
The soy complex traded higher on the day, though May beans seemed to grudgingly move to the next chart resistance level of $9.08 b...
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...
