Cotton price action was down 1 to 26 points across most contracts on Wednesday. Thinly traded October was down the hardest. Crude oil was up a dime per barrel at $66.62, with the US dollar index giving back strong early week gains today, down $0.320 to 97.990. The Seam showed...
Live cattle futures posted contract highs on Wednesday, with contracts closing up $1.40 to $1.50. Cash trade has yet to kick off this week, with southern bids near $225-228 and the North at $235. Some light trade was picked up in KS at $2.30 Feeder cattle closed out the Wednesday...
Corn futures extended the strength on Wednesday, as contracts were 4 to 5 cents in the green at the final bell. The front month CmdtyView national average Cash Corn price was up 4 1/4 cents at $3.92 3/4. EIA data released this morning put average daily ethanol production at 1.087...
Soybeans were in rally mode on Wednesday, with the $10 area holding. Contracts were up 18 to 19 cents at the close. The cmdtyView national average Cash Bean price is up 19 cents at $9.75 1/4. Soymeal futures were up $2.20/ton, as Soy Oil was 20 to 24 points higher....
Wheat posted mixed trade on Wednesday, with most contracts hard red contracts lower and soft red heading higher. Chicago SRW wheat was mostly 3 to 4 higher, vs. losses on Tuesday. KC HRW futures were fractionally to a penny lower across the front months. MPLS spring wheat futures were down...
Lean hog futures posted gains of 50 cents to $1.30 on the Wednesday session. USDA’s national base hog price had a weighted average of $112.60 on Wednesday afternoon, up $3.02 from the day prior. The CME Lean Hog Index was down 6 cents at $107.19 on July 14. USDA’s FOB...
Lean hog futures are trading higher this morning after settling mixed on Tuesday. USDA’s national base hog price had a weighted average of $111.81 on Wednesday morning, up $1.45 from the day prior. The CME Lean Hog Index was down 6 cents at $107.19 on July 14. USDA’s FOB plant...
Cotton Prices are trading modestly higher at midday on Wednesday, with most net changes 1 to 8 points for the day. Benchmark December hit 69 cents at the high on Tuesday but is a few dimes off of that thus far on Wednesday. Thinly traded October is in minus territory....
Soybeans are 15 to 18 cents higher heading into midday on Wednesday. Futures slipped lower on Tuesday, settling 5 to 6 cents in the red. Tuesday’s preliminary open interest was up 5,374 contracts, hinting at some net new selling interest. The cmdtyView national average Cash Bean price is up 18...
Wheat is showing mostly higher price action on Wednesday, with most contracts on the plus side in all three exchanges early but fading as we neared noon in Chicago. Chicago SRW wheat is mostly 4 to 5 higher, vs. down 3 to 4 cents at the close on Tuesday. Preliminary...
Corn futures prices are 3 to 4 cents higher at midday on Wednesday. While not exactly in control, bulls are at least making the shorts nervous with an aggressive bounce off of Monday’s life of contract lows. Preliminary open interest suggested some light short covering on Tuesday, dropping 21,565 contracts...
Live cattle futures are flashing new life of contract highs as we hit the middle of the day on Wednesday. As this is written, the high of the day for August futures has been $223.82. Cash trade has yet to kick off this week, after strengthening to $228-$230 in the...
Lean hog futures were mixed on Tuesday, with contracts up 70 to down 50 cents in most nearbys, as July rolled off the board. USDA’s national base hog price was reported at $112.60 on Tuesday afternoon, up $3.02 from the day prior. The CME Lean Hog Index was back up...
Wheat is showing slight mixed action on Wednesday AM trade, with most contracts steady. The wheat complex was mixed across the three markets on Tuesday. Chicago SRW wheat was down 3 to 4 cents at the close. Preliminary open interest in CBT was up 6,398 contracts. KC HRW futures saw...
Corn price action is 4 to 6 cents higher so far on Wednesday morning. Futures held onto gains heading into the Tuesday close, as contracts were up 1 to 2 cents in the nearbys. Preliminary open interest suggested some light short covering, down 21,565 contracts. The front month CmdtyView national...