THE OPEN November beans: 2 higher December meal: 3.70 higher December soyoil: 70 lower December corn: 5 higher December wheat: 5 1/2 higher The markets opened as called but continued the same overnight action with soyoil futures breaking more which took beans lower as well. Political pressures continue to weigh on soyoil, as the Biden administration delayed the annual rulemaking process to decide on US biofuel blending mandates. Uncertainty never leads to a verification of trend, which at this point for soyoil had been higher. IN grains, wheat gained on corn, though Brazil's domestic corn prices are continuing to climb higher. SOY
The major feature in the soy complex was...
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...
