THE OPEN July beans: 11 higher July meal: stray July soyoil: 140 pts higher July corn: 1 lower July wheat: 2 3/4 higher Big swings continue with the morning features of higher oilshare, higher beans, and lower grains led by corn. July open interest continues to come out of the market with the official roll starting on the 6th. Spreads are weaker as the bean basis is lower and new buying comes into new crop contracts. SOY
The major feature of the morning was that of higher oilshare with traders continuing to buy soyoil/sell meal on stories that back both. The biofuels story continues to attract soyoil buyers while the meal basis continues to weaken. July/Dec meal works into a ca...
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...
