Buying support is flooding into the soybean market an hour before the closing bell on a day that saw the official start of the U.S.-China trade war. November soybeans are 29 ½ cents higher while August soymeal is up $8/short ton and August soyoil is up 43 cents/cwt. Despite higher product prices, the “board crush” for soybeans is down 8 ¼ cents with sharply higher soybean prices eroding the margin. November Soybean Futures
Today’s price activity is perhaps best described as the second half of the adage “Sell the rumor, buy the fact”. By most models, current soybean futures prices are undervalued (a view also held by Goldman Sachs) and the 15 percent discount FOB NOLA soybeans hold to B...
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...
