THE OPEN July beans: 5 higher July meal: 2.00 higher July soyoil; 31 lower July corn: 2 1/2 higher July wheat: 7 1/2 higher Prices started the day at market highs, except for soyoil, with better buying after the open, and a short-covering rally in corn and meal. The rally was primarily led by beans, which broke out of its sideways pattern to trade into new highs. Funds were buyers into good commercial selling as better prices were placed. SOY
The soy complex opened with a good rally as charts were more constructive which triggered further buying in beans and meal. Soyoil prices continued to labor with funds already long and prices working back towards trading range...
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...