THE OPEN
March beans: steady March meal: .40 lower March soyoil: 33 higher March corn: 1/2 lower March wheat: 1/2 higher
The markets opened as called but bears obviously took the market’s setback as an opportunity to cover something before the 15 February date which could find China in a buying mode. The likely source of the rally, however, was higher outside markets, where commodities and stocks were putting in a good rally on the back of easing Coronavirus fears. The rally was a bit of a surprise to most traders, particularly after the muted reaction which followed the February report. SOY The soybean market traded higher after the open as prices once again walked back support to see if $8.80 March was a key suppor...
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...