THE OPEN
March beans: 3/4 higher March meal: .90 higher March soyoil: 7 lower March corn: 1 1/4 lower March wheat: 3 lower
The markets opened as expected with light pressure noted for the grains as traders took the opportunity to buy soyoil/sell meal. Position evening was generally noted before the report in a low volume trade. After the report, wheat prices cracked, which became the major features of the day. Weakness in grains snuffed out a nice rally in beans, as prices continue in trading ranges. At 11:00 the February WASDE was as follows: WORLD PRODUCTION (million metric tons) 2019-20 Feb Avg High Low Jan CORN Argentina  ...
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...
