THE OPEN Jan beans: 6 1/2 lower Dec meal: 3.30 lower Dec soyoil: 20 higher Dec corn: 2 2/3 lower Dec wheat: 3 1/2 lower The markets opened as expected with the uncertainty of trade war negotiations pressuring beans. Bean bulls were discouraged by negative technical action as well as macro pressure, as commodities in general were weaker. Traders continued to unwind previous buy soy/sell grain trade on the back of the Nov. 8 WASDE report. SOY
The soy complex was mixed in early trade as traders continued to buy soyoil/sell meal, and sell beans. Nov beans will expire on the 14th, and bulls were heading for the exit in further signs of trade war delays, negative technical si...
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...