THE OPEN November beans: 8 higher December meal: 3.90 higher December soyoil: 9 lower December corn: 7 higher December wheat: 3 3/4 higher Prices opened as called on a firm note, with more short-covering in corn and new buying in beans a major feature of trade. The lack of rainfall for the moment and the lower ratings are forcing more fund shorts out of corn. The Chinese business announcements and lower ratings set the stage for a technically driven rally with momentum trades turning higher as early pullbacks in the session held for each market. SOY
The soy complex opened in firm trade with soyoil futures opening lower, but turning higher as beans and meal rallied. The co...
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...
