Commentary
- Hogs Post Strength on Wednesday
- Lean hog futures posted 20 to 67 cent gains across most contracts on Wednesday. USDA’s national base hog price was reported at $90.75 on Wednesday afternoon, down 27 cents from the day prior. The CME Lean Hog Index was down another 21 cents on August 24 at $92.65. USDA’s pork...
- Cotton Rounds Out Wednesday with Gains
- Cotton futures posted strength on the Wednesday session with contracts up 25 to 93 points at the close. Crude oil was down 45 cents per barrel, with the US dollar index $0.227 higher. The 7-day forecast remains relatively dry for much of Texas, with scattered light totals not seen over...
- Corn Rallies to Fresh 3-year Highs with Help from Limit Gains in Wheat
- Corn futures rallied to 3 year highs on Wednesday with contracts closing 10 to 13 ½ cents higher. Spillover strength in wheat and supply concerns over the US crop have both been supportive. The CmdtyView national average Cash Corn price was up another 13 1/2 cents at $4.85. Export Sales...
- Wheat Rallying to New Highs as Russia Looks to Escalation
- The wheat complex rallied on Wednesday with escalating tensions out of the Black Sea. Chicago SRW contracts were up the 45 cent limit in the front months and other contracts up 26 to 44 cents. KC HRW futures were 17 to 38 cents higher across most contracts at the midweek...
- Soybeans Rally to New Highs on Wednesday
- Soybeans posted gains of 20 to 28 ½ cents across most contracts at the Wednesday close, with meal gaining some steam. The cmdtyView national average Cash Bean price was up 28 1/2 cents at $12.30 3/4. Soymeal futures were $5.90 to $10.10 higher on the day, with Soy Oil back...
- Cattle Post Mixed Wednesday Action
- Live cattle futures came back to close Wednesday mixed, with contracts mostly 37 to 82 cents higher and October down 17 cents. Cash trade picked up to $220 Wednesday, firming $2 from Tuesday, with a few dressed sales of $345 in the north. The Wednesday morning Fed Cattle Exchange online...
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