HARVEST HOURS
Commentary
- Corn Rallies on Tuesday
- Corn futures found late strength on Tuesday with contracts closing 6 to 10 ¾ cents higher across most contracts. The CmdtyView national average Cash Corn price was up 10 1/2 cents at $4.69. Monthly Census data showed corn exports during August at 7.422 MMT (292.21.5 mbu), which was a record...
- Soybeans Rally into Tuesday’s Close, As Meal Regains Strength
- Soybeans posted late session strength on Tuesday, with contracts rallying 10 ¾ to 22 ¼ cents on the day, led by the front months. The cmdtyView national average Cash Bean price was up 21 1/2 cents at $12.47 1/2. Soymeal futures were up $5.40 to $7.70, with Soy Oil futures...
- Cattle Rally on Tuesday
- Live cattle futures were anywhere from $3.97 to $5.30 higher across the board on Tuesday. Cash trade has yet to get kicked off this week, following last week’s live northern sales at $220-222 and southern trade reported at $226. Feeder cattle futures were up $6.60 to $9.575 on the Tuesday...
- Cotton Holds onto Tuesday Gains
- Cotton futures closed the Tuesday session with contracts 21 to 57 points higher at the final bell. Crude oil was 48 cents per barrel higher on the session, with the US dollar index back down $0.308. Monthly trade data from Census showed 917,974 bales of exports during August, which was...
- Hogs Post Mixed Tuesday Trade
- Lean hog futures were mixed on the Tuesday session, wit contracts down $1.37 to 55 cents higher. USDA’s national base hog price was at $75.74 in the Tuesday PM report, down $1.07 from the day prior. The CME Lean Hog Index was down another 57 cents on October 2 at...
- Wheat Joins in on the Grain Rally on Friday
- The wheat complex was in rally mode on Tuesday, posting double digit gains at the close. Chicago SRW contracts were 9 ½ to 12 cents higher on the day. KC HRW futures were up 10 1/2 to 14 cents in the front months. MPLS spring wheat posted gains of 9...
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