THE OPEN Nov beans: 12 higher Dec meal: 5.00 higher Dec soyoil: 2 higher Dec corn: 6 higher Sep wheat: 1/2 lower The markets opened strongly as called except for wheat, which has become the sell leg of inter-market spreads. Oilshare struggled as traders booked profits. Bean and meal prices strengthened throughout the day remaining well bid. Corn saw more short-covering activity, along with a few bargain-hunters. SOY
The feature in the soy complex was that of weaker oilshare as firmer meal prices dominated trade space. October crush traded to 95.58c/bu while oilshare values sold off further to 34.62%. Profit-taking was noted in Dec. soyoil as prices climbed once aga...
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...
