Commentary
- Soybeans Face Tuesday Weakness
- Soybeans posted fractional losses in some deferred contracts, with the front months down as much as 10 1/2 cents. The cmdtyView national average Cash Bean price was down 10 1/4 cents at $11.22 1/4. Soymeal futures saw $1 to $3.60 losses on the day, with Soy Oil futures 35 to...
- Hogs Close Mixed on Tuesday
- Lean hog futures saw mixed trade at Tuesday’s final bell, with June up 37 cents and other contracts down $1.12. USDA’s national base hog price was not reported on Tuesday afternoon due to low volume. The CME Lean Hog Index was down 19 cents on May 21 at $90.88 USDA’s...
- Cotton Closes Mixed on Tuesday
- Cotton futures saw mixed trade on Tuesday, with nearby July down 5 points and other contracts up as much as 51. The US dollar index was $0.111 lower at $99.075. Crude oil was down $3.03 on the day to $93.57. NASS Crop Progress data showed 53% of the US cotton...
- Corn Closes Lower on Tuesday
- Corn futures were under pressure across the board on Tuesday with contracts down 1 ¼ to 5 ¾ cents at the close. The CmdtyView national average Cash Corn price was down 5 3/4 cents to $4.18 3/4. Losses in crude oil were a pressure factor. Export Inspections data showed 1.582...
- Cattle Close Mixed After Back and Forth Tuesday Trade
- Live cattle futures closed with losses of 45 cents to $1.07 in the nearbys and 17 to 45 cent gains in back months. Cash trade from last week was $260 to $265 across the country. Feeder cattle futures saw back and forth trade, with contracts closing anywhere from 40 cents...
- Wheat Closes with Mixed Action on Tuesday
- The wheat complex posted mixed trade on Wednesday, with the winter wheats facing some weakness. Chicago SRW futures saw losses of 4 to 11 cents in most contracts at the close. KC HRW futures closed mixed, with front months down 2 ¾ to 5 ¾ cents and deferreds higher. MPLS...
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