Cotton Eases Lower into the long Weekend
Cotton 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 the US dollar index $0.341 higher to $96.770. The markets will be off...
Hogs Fall into the Holiday
Lean hog futures posted losses of 90 cents to $1.80 on Thursday, as July was back down $5.27 this 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...
Cattle Posts Gains on Thursday, Despite Boxed Beef Weakness
Live cattle futures posted Thursday gains of $1.12 to $1.60 to close out the week, with August up 75 cents on the week. Cash trade showed sales of $230-232 in the North, with early sales of $222-224 in the South creeping to $225 on Thursday. Feeder cattle futures were up...
Corn Holds onto Gains to Extend Bounce into Long Weekend
Corn futures pulled off early session gains, but still closed the Thursday session with 2 to 4 cent gains. September was up 8 ¾ cents this week, with December seeing a dime gain. The front month CmdtyView national average Cash Corn price was up 2 1/4 cents at $4.06 3/4....
Wheat Eases Lower into the Holiday
The wheat complex posted losses across most contracts on Thursday. Chicago SRW wheat fell 7 to 9 cents on to round out the week on Thursday, with September rallying 16 cents on the short week. KC HRW contracts closed Thursday with losses of 4 to 7 cents, as September was...
Soybean Bulls Hold onto Gains on Thursday
Soybeans slipped from the near double digit gains early on Thursday bus still closed 1 to 2 cents higher and July up 5 ¾ cents. On the week, August was up 22 ¼ cents, with November rallying 24 ½ cents. The cmdtyView national average Cash Bean price was up 1...
Soybeans Still in the Green at Midday
Soybeans are trading with Thursday gains of 3 to 5 cents to round out the short week, falling from early session highs. The cmdtyView national average Cash Bean price was up 2 cents at $10.14 1/2. Soymeal futures are $1.10 higher on the day, as Soy Oil is down 24...
Corn Holding onto Gains As Traders Square Up Ahead of Extended Weekend
Corn price action at Thursday’s midday is 2 to 5 cents higher. There were 73 deliveries against July futures overnight. The front month CmdtyView national average Cash Corn price is up 3 1/4 cents at $4.07. The market will be closed on Friday for Independence day, with a normal Sunday...
Wheat Sticking Near Unchanged at Midday
The wheat complex is trading with mixed action on Thursday. Chicago SRW wheat is showing slight losses of 1 to 2 cents at midday. KC HRW contracts are mixed, with September down 1 ¼ cents. There were 32 deliveries against KC wheat. MPLS spring wheat is showing gains of 2...
Cotton Pulling Back on Thursday
Cotton futures are mostly lower on Thursday, with most contracts down 25 to 35 points and thin October down 149 points. Crude oil is down $0.42/barrel at $67.03, with the US dollar index $0.341 higher to $96.770. Today will be the last trade day of the week due to Independence...
Cattle Mixed on Thursday
Live cattle futures are showing 32 cent to $1 gains so far. The Thursday morning Fed Cattle Exchange online auction showed a single sale of $225 on 197 head out of KS. Other bids were $222.5 to $224. Outside of that, sales of $230-231 have been reported in the North,...
Hogs Falling on Thursday
Lean hog futures posted are down $1.27 to $1.92 so far on Thursday. USDA’s national base hog price was back down $2.73 in the Thursday AM report, with negotiated trade at $109.36. The CME Lean Hog Index was down 77 cents at $110.22 on July 1. Today will be the...
Cotton Mixed In Early Thursday Trade
Cotton price action is mixed, with the thin July contract showing no trade, and the other low volume October down 115 points. December is up 3 points. Futures closed out the Wednesday session with contracts up 40 to 60 points. Crude oil was up $2.09/barrel at $67.54, with the US...
Wheat Sneaking Out Gains Ahead of Three-Day Weekend
The wheat complex is showing modest gains early on Thursday morning. Wheat bulls were pushing things higher on Wednesday, with gains across all three markets. Chicago SRW wheat posted 15 to 19 cent gains on Wednesday. There was 1 contract issued against CBT wheat overnight. Preliminary open interest was down...
Soybeans Strength Continuing on Thursday AM
Soybeans are pushing the gains further into the Thursday morning session, with contracts up 7 to 11 cents. Futures were in rally mode on Wednesday, with contracts up 20 to 26 cents on the day. Preliminary open interest was up 1,808 contracts on Tuesday. There were no deliveries issued overnight....