THE OPEN Jan beans: 10 lower Jan meal: 3.80 lower Jan soyoil: 58 lower March down: 2 1/2 lower March wheat: 3 1/4 lower The markets opened in line with trade expectations as funds sold into commercial pricing activity. Corn continues to hold up well against beans, while meal holds up well against soyoil. Wheat attempts to stabilize but funds sell the small rally sending prices back towards trading range lows. More rainfall, a quiet export picture, and the mechanics of rolling futures forward finds most of the markets in a defensive strategy. SOY
The markets melted down a bit lower today, perhaps making room for a rally back in case the Dec. report is more bullish than expected. Jan m...
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...