THE OPEN
March beans: 2 lower March meal: .40 lower March soyoil: 2 higher March corn: 3 higher March wheat: 13 higher
Prices opened as expected with the soy complex still lower against a higher grain market. Wheat continued to remain well supported by the announcement of a still lower wheat crop from Australia and higher values from the EU. Meal prices started the day lower but found good commercial pricing activity and short-covering courtesy of a near record short position. Oilshare was steady as soyoil held key lows for the first part of the day, and beans came back to trade both sides of unchanged. Wet weather in the US continues to factor into a positive trade as...
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...
