Corn Reverses to Close with Mixed Action
Corn futures slipped up into the close running into some technical resistance, with nearbys down ¾ to 2 ½ cents and other contracts up ¼ to 2 ¾ cents. The national average Cash Corn price from cmdtyView was down a penny at $4.20. Weekly EIA data showed ethanol production totaling...
Soybeans Hold onto Gains at Wednesday’s Close
Soybeans settled the Wednesday session with contracts ¾ to 5 ½ cents higher. CmdtyView’s national front month Cash Bean price was up 1/2 cent at $9.46 1/2. Soymeal futures were down 90 cents to 40 cents/ton higher on the day. Soy Oil futures ended down 21 to 30 points on...
Cotton Rebounds on Wednesday
Cotton futures closed out the Wednesday session with contracts 18 to 67 points higher. The outside markets are mixed factors, with the US dollar index up 278 points and crude oil $1.77/barrel higher. USDA raised their 24/25 US cotton carryout by 100,000 bales to 4.4 million bales on Tuesday thanks...
Cattle Rally as Cash Strength Continues
Live cattle futures continued the rally on Wednesday with gains of $1.125 to $2.40. Early cash action has seen $191 trade reported in KS this week, some $193 sales in NE reported on Wednesday. Wednesday morning’s Central Stockyards Fed Cattle Exchange online auction showed $192-193 sales on 2 lots using...
Wheat Closes Higher at Midweek
The wheat complex closed the Wednesday session with contracts mostly higher across the three markets. Chicago SRW futures were 1 1/2 to 2 1/2 cents higher across the board. KC HRW contracts were up 1 ½ to cents on the day. MPLS spring wheat was steady to 3 1/4 cents...
Hogs Slide on Wednesday
Lean hog futures extended the weakness on Wednesday, with contracts down 7 to 70 cents and December up 57 cents ahead of Friday’s expiration. The national average base hog negotiated price was reported at $81.39 on Wednesday afternoon, which was down 72 cents from the day prior. The CME Lean...
Cotton Bulls Pushing Back on Wednesday
Cotton futures are trading with 60 to 77 point gains on Wednesday. The outside markets are mixed factors, with the US dollar index up 278 points and crude oil $1.45/barrel higher. USDA raised their 24/25 US cotton carryout by 100,000 bales to 4.4 million bales on Tuesday thanks to a...
Cattle Rally Continuing at Midweek
Live cattle futures are continuing the rally on Wednesday with gains of $1.15 to $1.45 at midday. Early cash action has seen $191 trade reported in KS this week, with trade still to develop in other parts of the country. Wednesday morning’s Central Stockyards Fed Cattle Exchange online auction showed...
Corn Extending Gains as Ethanol Production Bounces
Corn futures are trading with 1 to 2 cent gains so far on Wednesday to extend the strength on Wednesday. Preliminary open interest saw net new buying on Tuesday, up 26,476 contracts. The national average Cash Corn price from cmdtyView is up 1 1/4 cents at $4.22 ¼. Weekly EIA...
Soybeans Bulls Pushing Higher on Wednesday
Soybeans are trading with 4 to 5 cent gains across the nearbys so far on Wednesday. CmdtyView’s national front month Cash Bean price is up 3 1/2 cents at $9.49 1/4. Soymeal futures are up 90 cents/ton on the day. There were another 456 deliveries issued against December soybean meal...
Wheat Popping Higher on Wednesday
The wheat complex is showing mostly higher trade across most contracts on Wednesday. Chicago SRW futures are 3 to 4 cents higher across most contracts. There were another 2 deliveries issued against December CBT wheat futures overnight. KC HRW contracts are 2 to 3 cents higher on the day. MPLS...
Hogs Continuing Slide on Wednesday
Lean hog futures are trading with 25 to 67 cent losses at midday, as Dec is up 50 cents ahead of expiration on Friday. The national average base hog negotiated price was reported at $82.43 on Wednesday morning, which was up $1.85 from the day prior. The CME Lean Hog...
Hogs Look to Wednesday Trade After Falling on Tuesday
Lean hog futures posted losses of 82 cents to $2.30, as nearby Dec was up a tick. Preliminary open interest showed some long liquidation, down 3,442 contracts. The national average base hog negotiated price was reported at $82.11 on Tuesday afternoon, which was down $1.09 from the day prior. The...
Cotton Falls as Stocks Increase
Cotton prices are slipping lower again on Wednesday morning, with losses of 32 to 36 points. Futures closed out the Tuesday session with losses as USDA raised stocks. Contracts were down 40 to 76 points across the board. The outside markets were mixed factors, with the US dollar index up...
Cattle Post Tuesday Strength
Live cattle futures rallied 87 cents to $2.05 on the Tuesday session. Early cash action has seen $191 trade reported in KS this week, with trade still to develop in other parts of the country. Cash trade settled in last week around $191 in the South and $191-192 in the...