THE OPEN July beans: 1 1/4 lower July meal: .10 lower July soyoil: 7 higher July corn: 1 3/4 lower July wheat: 5 1/2 lower The markets owned as expected but wheat futures tumbled, applying pressure elsewhere on the board. Outside markets were mixed as Federal Reserve Chairman Jerome Powell warned of a prolonged threat resulting from Coronavirus, making clear that a recession could last longer than expected making it hard for the economy to bounce back. Stocks and crude oil prices took a turn lower on the back of those comments, providing a "risk-off" day of trade across the board. SOY
Despite another announcement of beans sold to China the complex traded lower after the o...
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...
