Commentary
- Corn Rallies into the Monday Close as NASS Cuts Ratings
- Corn futures were busy shrugging off the overnight losses, with contracts closing 6 to 8 ½ cents higher across most months. The CmdtyView national average Cash Corn price as up 9 3/4 cents at $4.20. The weekly Crop Progress report showed 90% of the US corn crop silking by August...
- Wheat Closes Monday Higher
- The wheat complex was higher at the final bell on Monday. Chicago SRW contracts were 10 to 12 1/4 cents higher at the close. KC HRW futures were 9 3/4 to 11 3/4 cents in the green on the day. MPLS spring wheat was 2 ½ to 5 1/2 cents...
- Cotton Rallies from Early Weakness to Close Higher on Monday
- Cotton futures posted 36 to 85 point gains across the board on Monday. Crude oil was back down $4.61 per barrel, with the US dollar index back up $0.61. The Monday Crop Progress report showed 88% of the US cotton crop squared as of Sunday, now even with the 5-year...
- Soybeans Push Higher into Monday’s Close
- Soybeans were busy firming into the close, as contracts settled 3 to 7 ½ cents higher, with nearby August down 3 ¼ cents. The cmdtyView national average Cash Bean price was up 6 cents at $11.47 1/2. Soymeal futures were up 20 cents to $1.20, with Soy Oil 101 to...
- Cattle Fade Lower to Kick Off August
- Live cattle futures were 7 to 72 cents lower across most contracts on Monday, fading early gains. Cash trade was at $232-233 last week, with a few at $235. Early bids surfaced near $233 on Monday, but no volume was reported. Feeder cattle futures saw losses of 20 cents to...
- Hogs Close Mixed on Monday
- Lean hog futures saw mixed action on Monday with nearby contracts down $1.32 to $1.12 higher in the deferreds. USDA’s national base hog price was reported at $99.45 on Monday afternoon down 96 cents from the day prior. The CME Lean Hog Index was down 21 cents on July 30...
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