Corn is sticking withing a couple cents of unchanged so far on Monday’s midday, with the USDA reports a dud ahead of the July 4th holiday later this week. Contracts are up 1 ¼ to 3 cents at midday. The front month CmdtyView national average Cash Corn price is down...
Live cattle futures are trying to extend some recent strength, with gains of 40 cents to $1.725 at midday in Monday. Cash trade last week saw sales at $230-233 in the North and $223-225 in the South. Feeder cattle futures are trading with $2.30 to $2.55 gains so far on...
The wheat complex is trading with mixed action so far on Monday. Chicago SRW wheat is up 2 to down 2 cents so far. KC HRW contracts are 2 to 6 cents lower at midday. MPLS spring wheat is showing slightly positive trade on Monday. The Grain Stocks report from...
Cotton futures are showing weakness on Monday, with a larger than expected acreage number reported by the USDA. Contracts are down 110 to 139 points at midday with in delivery July up 45 points. Crude oil is down $0.58/barrel, with the US dollar index $0.376 lower The Friday afternoon Commitment...
Lean hog futures are down $2.17 to $2.80 at Monday’s midday. USDA’s national base hog price was up $4.66 in the Monday morning report, with negotiated trade at $112.51. The CME Lean Hog Index was 13 cents higher at $112.02 on June 26. CFTC data showed the managed money crowd...
Soybeans are failing to see much follow through on the smaller acreage number, as stocks were above estimates. Contracts are down 1 to 3 cents in the old crop months, with new crop November up just 1 ¼ cents at midday. There were 200 deliveries issued against July soybeans on...
Lean hog futures came back into the close after gapping lower at the open, as contracts closed 2 to 92 cents higher in the nearbys and down a quarter in October. July was up 47 cents on the week. USDA’s national base hog price was $108.09 in the Friday PM...
Cotton price action is down 34 to 39 points early on Monday. Futures closed out the Friday session with contracts up 45 to 66 points, as July was 348 points higher. Crude oil is down $0.19/barrel, with the US dollar index up $0.113 The Friday afternoon Commitment of Traders report...
Live cattle futures were in rally mode on Friday, closing with $3.05 to $4.10 gains heading into the weekend. Cash trade last week saw sales at $230-233 in the North and $223-225 in the South. Friday’s Central Stockyards Fed Cattle Exchange auction showed sales of $224-225, with BidTheGrid™ sales of...
Corn is trading with losses of ¼ to 4 ¾ cents on Monday morning. Futures closed the Friday session with gains of 6 to 8 cents in the front months. July was down 11 ¼ cents last week, with December losing 14 ¼ cents. Friday’s open interest was down 14,177...
Soybeans are fractionally to 3 cents higher so far on Monday morning. Bulls fought back on Friday, with futures closing 5 to 8 cents higher on the session. July was down 40 ¼ cents last week, as November fell 36 cents. There were 200 deliveries issued against July soybeans on...
Wheat is trading with contracts weaker. The wheat complex was mixed across the three markets on Friday. Chicago SRW wheat was 3 to 4 cents higher on the day, with July falling back 43 cents last week. July CBT wheat had just 10 deliveries on Monday’s first notice day. KC...
Lean hog futures came back into the close after gapping lower at the open, as contracts closed 2 to 92 cents higher in the nearbys and down a quarter in October. July was up 47 cents on the week. USDA’s national base hog price was $108.09 in the Friday PM...
Live cattle futures rallied back on Friday, closing with $3.05 to $4.10 gains heading into the weekend. Cash trade this week saw sales at $230-233 in the North and $223-225 in the South. Friday’s Central Stockyards Fed Cattle Exchange auction showed sales of $224-225, with BidTheGrid™ sales of $225 and...
The wheat complex was mixed across the three markets on Friday. Chicago SRW wheat was 3 to 4 cents higher on the day, with July falling back 43 cents this week. KC HRW contracts were steady to 2 cents lower, with the front month July losing 47 ¼ cents on...