THE OPEN March beans: 3 1/2 lower March meal: .40 lower March soyoil: .24 lower March corn: 5 lower March wheat: 8 1/4 lower The markets opened lower with fund selling in each market, namely profit-taking in soyoil and wheat, and what is probably new short positions in beans. Funds added to corn shorts, and more meal pricing took place on fund selling as well. China's lack of clarification on a time line and comments that suggested they will purchase when market conditions were right weighed on price action. Volumes were bigger today as old bulls liquidated and new bears came into the marketplace. SOY
The major feature in the soy complex was that of fresh selling in...
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...
