THE OPEN May beans: 3/4 higher May meal: 1.80 higher May soyoil: 69 higher May corn: 1 higher May wheat: 3 1/2 lower Prices opened as expected with solid gains in the soy complex that worked to put a floor under grains. This also found short-covering as well. After the open, prices were higher across the floor. SOY
The soy complex put in a healthy trade to the upside as beans and meal seemed to make up for the time lag with soyoil prices at new contract highs. Meal gained on soyoil, correcting July oilshare back to 40.0%. May bean prices rally, trading back towards the upper end of the range which is now from $14.40-$14.35. November bean prices tr...
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...