Commentary
- Soybeans Hold onto Monday Gains at the Close
- Soybeans closed with Monday gains of 4 to 5 ½ vents. The cmdtyView national average Cash Bean price was up a nickel at $11.50 3/4. Soymeal futures were down $3.20 to $6.30, with Soy Oil futures 148 to 236 points higher. USDA reported a private export sale of 136,000 MT...
- Hogs Fall Lower on Monday
- Lean hog futures closed the Monday session with contracts down 80 cents to $1.20 on the day. USDA’s national base hog price was reported at $98.78 on Monday afternoon, up 48 cents from the day prior. The CME Lean Hog Index was 34 cents higher on July 9 at $92.69....
- Corn Fades into Monday’s Close, as Crop Ratings Improve
- Corn futures slipped into the Monday close as contracts were mostly 1 ½ to 2 ¾ cents higher. July was down ¼ cent. The CmdtyView national average Cash Corn price as 1 1/2 cents higher at $4.10. The weekly Crop Progress report showed 16% of the US corn crop silking...
- Cattle Posts Mixed Monday Trade, as Beef Falls
- Live cattle futures closed with contracts down 47 cents to 12 cents higher. Cash trade was at $247-248 across the country, a $7-8 drop from last week. Feeder cattle futures were 20 to 90 cents lower to close the session. The CME Feeder Cattle Index was back up $2.10 on...
- Cotton Closes Mixed on Monday
- Cotton futures were mixed to start the week, with contracts down 9 to 10 points higher. Crude oil was up $6.54 on the day following increased tensions with the US and Iran. The US dollar index was up $0.325. Monday afternoon’s Crop Progress showed 60% of the US cotton crop...
- Wheat Slips Lower on Monday
- The wheat complex was lower across the three exchanges. Chicago SRW contracts were fractionally to 5 cents lower on the day. KC HRW futures were down 4 ¼ to 10 cents at the close. MPLS spring wheat was steady to 4 ¾ cents lower, with September up ¾ cent. NASS...
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