THE OPEN
Nov beans: 2 lower Dec meal: .90 lower Dec soyoil: 4 lower Dec corn: 4 3/4 lower Sep wheat: 3 1/4 lower
Prices opened as expected with further congestive trade around the July WASDE. Demand bears are stacked up against new crop supply bulls, and as a result the market is carving out trading ranges awaiting the next major direction. Bean charts offered the prospect for more upside, corn charts more downside heading into the data. July WASDE: Gist of report neutral for corn, bullish for beans and wheat. U.S. PRODUCTION (Million Bushels) 2019-20 Jul Avg Jun 2018-...
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...
