Commentary
- Corn Rallies on April Fool’s Day
- Corn futures started off April with contracts 4 to 8 cents higher across most contracts. New crop contracts led the way, as rains in the forecast may limit any early planting. The CmdtyView national average Cash Corn price was up 7 ¾ cents on the day at $4.31 1/4. Monthly...
- Cotton Rally Higher on Tuesday
- Cotton futures posted 89 to 142 point gains across most nearby contracts on Tuesday. Futures shrugged off negative outside factors. Crude oil futures were back down 34 cents/barrel, as the US dollar index was $0.032 higher on the day. The monthly NASS Cotton Systems report showed 257 RB of extra...
- Soybeans Post Double-Digit Gains on Bean Oil Strength
- The soybean market rallied hard on Tuesday, following the bean oil gains. Contracts were up 19 to 22 cents at the close. CmdtyView’s national front month Cash Bean price was down 21 3/4 cents at $9.79. Soymeal futures were mixed, with contracts up a dime to down 70 cents/ton. with...
- Cattle Bulls Not Fooled on April 1
- Live cattle futures closed out Tuesday with contracts up $1.32 to $2.30. Cash action has been mostly compiling showlists on early this week. Feeder cattle futures were pushing higher into the close up $1.82 to $2.90. The CME Feeder Cattle Index was back down 48 cents on March 31, with...
- Wheat Hold Higher at Tuesday’s Close
- Wheat held gains into Tuesday’s close, as contracts were following up the Monday strength on the acreage cut. Chicago SRW futures were 3 to 4 cents higher on the day. Kansas City HRW contracts were 6 to 9 cents in the green at the close. MPLS spring wheat was up...
- Hogs Post Gains on Tuesday
- Lean hog futures posted $1.07 to $1.75 against on Tuesday with April down 35 cents. The USDA national average base hog negotiated price was down 23 cents from the day prior at $88.26 in the Tuesday PM report. The CME Lean Hog Index was down another 28 cents from the...
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