THE OPEN May beans: 4 1/2 higher May meal: 1.00 higher May soyoil: 4 higher May corn: 2 3/4 higher May wheat: 1/4 lower Prices opened as called but a shake-out in oilshare pressured bean prices. Corn gained on beans and wheat found a short-covering bounce into tomorrow's numbers. The Goldman Roll will begin tomorrow, as May contracts are rolled forward. SOY
The major feature in the soy complex was that of breaking spreads and sharply lower soyoil which pressured beans. May beans sold off to major support at $14.00 and November beans found support at $12.60. Both markets recovered off their lows as corn prices rallied. Weaker crude oil price...
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...
