THE OPEN May beans: 3 lower March meal: 1.00 lower March soyoil: steady May corn: 2 lower May wheat: 3 lower Prices were lower today as the Outlook did not add anything of bullish value to trade. Moreover, the strong US dollar - at 3-year highs vs. the weaker Brazilian Real at 3-year lows - continues to impact beans. The spread is record wide and making US beans that much more expensive against Brazilian origin. The USDA projected Chinese purchases of US ags at $14 bln, which was much less than the estimated $36 bln China promised in the Phase One deal. Nonetheless, the agency said it expected China to begin to make purchases this spring. SOY
The soy complex...
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...