THE OPEN March beans: 2 1/2 lower March meal: 2.20 lower March soyoil: 17 lower March corn: 1/4 lower March wheat: 1 higher The markets opened into new contract highs for corn with funds buyers across the board. Funds were buying back what they sold yesterday with room to add more as the Commitment-of-Trader's report for the soy complex particularly showed positions that were smaller than expected. Rallies on the back of fund selling worked higher as farmer selling remains extremely light. Wheat futures followed corn, while products stabilized on the back of strong bean and corn trade. A continuing weaker US dollar helps to support futures as well as new lows are set. SOY
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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...
