THE OPEN May beans: 8 1/2 lower May meal: 3.90 lower May soyoil: 3 higher May corn: 2 higher May wheat: 3 3/4 lower The markets opened with more technical selling in the soy complex and wheat. Corn spreads remained firm while bean spreads leaked lower. Oilshare corrected as funds booked profits, spurred on by weaker crude oil prices, and lower canola prices. SOY
The main feature in the soy complex was that of correcting oilshare, particularly after soyoil futures put in a rally that found fund selling. May oilshare trades to 39.59% while crush trades lower to 74c/bu. Spreads leaked lower as the lack of export activity and much lower Brazilian premiums finds funds on the s...
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...
