Commentary
- Corn Falling Back to Begin New Week
- Corn is starting off Monday with 2 to 4 cent lower trade so far. Futures closed last week with Friday losses of 2 to 5 cents across most front months. Despite the Friday weakness, May saw a 5 ¾ cent gain on the week. New crop held steady, as the...
- Hogs Look to New Week
- Lean hog futures settled Friday with contracts up 57 cents to $1.22. April was 50 cents lower over the course of the week. The USDA national average base hog negotiated price was reported at $88.40 on Friday afternoon, down 99 cents from the day prior. The CME Lean Hog Index...
- Wheat Pulling Back Lower on Monday AM Trade
- Wheat is trading with losses across the three markets so far on Monday morning. The wheat complex was choppy on the Friday trade, as bulls came out on top to end the session. Chicago SRW futures closed the session with gains of a penny in the nearbys and May up...
- Cotton Starting Monday in the Red
- Cotton price action is steady to 15 points in the red early on Monday trade. Futures closed the Friday session with contracts falling back 70 to 81 points on the day. May closed the week slipping 210 points since last Friday. The outside factors were mixed, with crude oil futures...
- Soybeans Slipping to Start Monday
- The soybean market is kicking off Monday trade with weakness of 3 to 5 cents in the nearbys. Soybean futures posted slight losses on Friday, pulling off the lows into the close to settle with 2 to 4 cent losses. May was 6 ¼ cents lower throughout the week, with...
- Cattle Traders Look to React to Cattle on Feed Data
- Live cattle futures fell into the Friday close, with nearby losses of $1.52 to $2.47, as traders were lightning up ahead of the monthly Cattle on Feed report. Friday’s Preliminary open interest was up 5,406 contracts, with 3,361 contracts exiting April. Cash trade was on the move on Friday, up...
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