THE OPEN July beans: 5 lower July meal: 3.00 lower July soyoil: 29 lower July corn: 3 lower July wheat: 10 lower The markets opened as called but weaker technicals continued to invite more profit-taking and still lower values shortly after the open. The difference today was that commercials were there to get more coverage as the break found levels near key benchmarks. Oilshare finally found some profit-taking, while bean spreads were weaker. A Bloomberg story was released that talked about China limiting some corn imports and cancelling several US corn cargoes, topics discussed and certainly factored into recent lower price action. SOY The soy complex highlights included minor pr...
Accountability and a comprehensive approach to export programming
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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...