Commentary
- Soybeans Rally into the Weekend, Led by Meal
- Soybeans closed the Friday session with contracts 5 to 10 ½ cents higher, as meal took control. May was up 12 ¼ cents on the week, with November up 3 3/4 cents. The cmdtyView national average Cash Bean price was up 11 cents at $11.08. Soymeal futures rallied $7.50 to...
- Wheat Closes with Friday Losses
- The wheat complex is showing mixed trade on Friday. Chicago SRW futures were down 3 ½ to 6 cents higher on the Friday session, with May 27 ¼ cents lower on the week. KC HRW futures were down ¾ to 3 cents on the day, with front month May the...
- Cotton Closes Mixed on Friday
- Cotton futures saw mixed trade on Friday, as contracts were 7 points lower to 10 points higher. May was up 230 points on the week. The US dollar index was $0.104 lower at $98.485. Crude oil was down $2.24 on the day, as risk was taken off the table ahead...
- Corn Pulls Off Early Lows, but Still Faces Friday Losses
- Corn futures closed out the Friday session with contracts down 1 ¼ to 3 ¾ cents at the close. May settled Friday, with the weekly loss at 11 ¼ cents, as December fell 9 cents on the week. The CmdtyView national average Cash Corn price was down 2 cents at...
- Hogs Close Mostly Lower on Friday
- Lean hog futures posted losses of 37 to 60 cent losses in most contracts on Friday, as April was an exception, up a nickel. June was down 75 cents on the week. USDA’s national base hog price was reported at $89.36 on Friday afternoon, down 56 cents from the day...
- Cattle Rallies into the Weekend
- Live cattle futures closed with contracts 27 cents to $2 higher at the close, as April was up $5.57 for the week. Cash trade saw some light trade at $246 in the South early this week with some northern action near $250 this morning. Feeder cattle futures posted gains of...
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