THE OPEN November beans: 15 higher December meal: 4.40 higher December soyoil: 71 higher December corn: 6 higher December wheat: 15 higher The markets were called higher and posted further gains after the open on technical considerations and calls for warmer and drier weather next week. Beans gained on corn, as we prepare to enter the make-or-break month of August. Soyoil traded higher, while wheat prices found upside follow-through as well. The higher prices were courtesy of momentum trades, which were extremely constructive with this week's rally. While corn advanced as well, major measurement gaps still remain open, an indicator that this market has less inherent strength. SOY
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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...
