THE OPEN
Nov beans: 3 ½ lower Dec meal: 0.10 lower Dec soyoil: 22 lower Dec corn: steady Dec wheat: 1 ½ lower
The markets started on a tentative note but firmed shortly after the open as corn bears covered on lower prices with buying noted across the board (except for soyoil). Wheat found support from the snowstorm that is due to arrive this week. Beans found support from the potential for this storm to bring an end to the beans maturing in the Dakotas and Nebraska. Oilshare corrected from the highs this week as traders bought soymeal/sold soyoil on the cold snap forecast later in the week. The day’s theme was short covering, even as macro headlines were more pessimistic in terms of a trade deal. In terms...
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...
