THE OPEN May beans: 9 3/4 lower May meal: 3.50 lower May soyoil: 21 lower May corn: 4 1/2 lower May wheat: 1 1/2 lower The markets opened lower with more fund selling as charts were building in resistance and rains are forecast to fall in Argentina and the US plains. Beans were losing the most, but soyoil futures came roaring back from a hard break to trade to new contract highs. The strength in soyoil futures caught bears in beans flat-footed, which produced a short-covering rally in beans and meal. Corn prices followed, but grains remained generally weak led by wheat. SOY
The soy complex worked lower today led by beans and meal. Soyoil prices broke hard at first but managed an earl...
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...
