THE OPEN March beans: 2 higher March meal: 1.50 higher March soyoil: 40 lower March corn: 2 lower March wheat: 3/4 lower The markets opened as expected with more short-covering and bull-spreading in the bean market continuing, while funds were noted liquidating more of their long wheat trade. Buy beans/sell corn and wheat continued for most of the trading session, along with weaker oilshare as the coronavirus threatens palm oil demand. Palm oil was sharply lower, which created a weaker tone in soyoil. SOY
The soy complex was mixed with higher beans and meal against a struggling soyoil market. Helping to take pressure off the bean market a bit was a lack of selling...
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...
