Hogs Closes with Gains on Monday
Lean hog futures found some strength on Monday, with contracts 75 cents to $1 higher, as nearby July was down $1.02. USDA’s national base hog price was not reported on Monday afternoon due to light volume and a 5-day rolling average of $111.55. The CME Lean Hog Index was down...
Cotton Bulls Sputter on Monday
Cotton price action closed the Monday trade with losses of 27 to 57 points. Crude oil was $1.44/barrel at $67.94, with the US dollar index $0.378 higher to $97.200. Weekly Crop Progress data showed the US cotton crop at 48% squared, with 14% setting bolls, both 1% behind average. Condition...
Cattle Post Gains on Monday
Live cattle futures were $1.85 to $2.20 higher to close out Monday. Cash trade from last week showed sales of $230-232 in the North, with sales of $222-224 in the South creeping to $225 late in the week. Feeder cattle futures were up $4.15 to $4.25 on the Monday session....
Corn Falls on Monday as Some Tariffs Get an Increase
Corn futures posted Monday losses of 13 to 17 cents across the front months following a gap lower at the open. The front month CmdtyView national average Cash Corn price was down 16 1/2 cents at $3.89. On Monday President Trump announced tariffs on goods from South Korea and Japan...
Soybeans Round Out Rough Monday with Losses
Soybeans collapsed on Monday, closing with losses of 24 to 29 cents on Monday. The cmdtyView national average Cash Bean price is down 23 ¼ cents at $9.90 ¾. Soymeal futures were $5.20 to $6.30/ton lower at the close, with Soy Oil was down 61 to 82 points. Crop Progress...
Wheat Falling Lower on Monday
The wheat complex fell on Monday, coming out of the long weekend on a sour note. Chicago SRW wheat was down 8 to 9 cents. KC HRW contracts posted 8 to 10 cent losses on Monday. MPLS spring wheat was 9 to 10 cents lower to kick off the week....
Hogs Mostly Higher on Monday
Lean hog futures are up $1 to $1.50 on Monday with nearby July down 52 cents. USDA’s national base hog price was not reported on Monday morning due to light volume and a 5-day rolling average of $111.51. The CME Lean Hog Index was down 69 cents at $109.51 on...
Cotton Comes Out of the Weekend with Losses
Cotton price action at midday is down 51 to 60 points in the nearbys on Monday. Crude oil is $1.38/barrel at $67.98, with the US dollar index $0.398 higher to $97.220. The Cotlook A Index was down 25 points on 7/4 at 79.15. ICE cotton stocks were steady on July...
Wheat Falling Lower on Monday
The wheat complex is falling lower on Monday, extending the overnight weakness. Chicago SRW wheat are down 9 to 10 cents at midday. KC HRW contracts are posting 9 to 13 cent losses so far on Monday. MPLS spring wheat is 8 to 9 cents lower to kick off the...
Corn Losses Pushing to Midday
Corn futures are showing 12 to 16 cent losses across most contracts on Monday. The front month CmdtyView national average Cash Corn price is down 16 cents at $3.90 ¾. A private export sale of 135,000 MT (29,000 MT for 2024/25 and 106,000 MT for 2025/26) was reported by the...
Soybeans Facing Sharp Losses on Monday
Soybeans are falling 16 to 30 cents in the midday part of the Monday session, extending the losses following the overnight gap. The cmdtyView national average Cash Bean price is down 22 ¾ cents at $9.90. Soymeal futures are $5.50 to $5.70/ton lower on the day, with Soy Oil was...
Cattle Popping Higher Out of the Long Weekend
Live cattle futures are $1.82 to $2.10 higher so far on Monday. Cash trade showed sales of $230-232 in the North, with sales of $222-224 in the South creeping to $225 late in the week. Feeder cattle futures are up $4.10 to $4.30 so far on the Monday session. The...
Cotton Falling Lower on Monday Morning
Cotton is trading with losses of 56 to 90 points early on Monday. Futures posted front month losses of 111 points in the thin July and October contracts, as December was 17 points lower. December was down 86 points on the week. Crude oil was down $0.23/barrel at $67.22, with...
Corn Collapsing Out of the Holiday
Corn is falling hard in Early Monday trade, with losses of 11 to 12 ½ cents. Futures pulled off early session gains, but still closed the Thursday session with 2 to 4 cent gains. September was up 8 ¾ cents last week, with December seeing a dime gain. There were...
Hogs Look to Post-Holiday Trade
Lean hog futures posted losses of 90 cents to $1.80 on Thursday, as July was back down $5.27 last week. USDA’s national base hog price was back down $1.85 in the Thursday PM report, with negotiated trade at $110.21. The CME Lean Hog Index was down 77 cents at $110.22...