HARVEST HOURS
- Hogs Look to Wednesday as Pork Pressure Continues
- Lean hog futures were down 35 cents to $1 on Tuesday. October, which expires on Wednesday, was steady. Open interest was up 2,482 contracts on Tuesday. USDA’s national base hog price was reported at $70.26 on Tuesday afternoon, down 76 cents from the day prior. The CME Lean Hog Index...
- Cotton Rallying on Wednesday Morning
- Cotton price action is up 109 to 120 points on Wednesday morning. Futures closed the Tuesday session with contracts 9 points lower to 6 points higher. Crude oil was up $1.05 per barrel on the session, with the US dollar index $0.375 lower. The weekly Crop Progress report showed 82%...
- Soybeans Rallying Back on Wednesday with Rumors of Chinese Buying
- Soybeans are trading with gains of 6 to 7 ½ cents across the front months. Futures rounded out the Tuesday session with contracts down 2 to 6 cents at the close. Open interest was up 5,743 contracts on Tuesday, as another 19,383 MT rolled out of the November. The cmdtyView...
- Wheat Weakness Extending to Wednesday
- Wheat is starting off Wednesday with weakness, as contracts are down 2 to 4 cents. The wheat complex saw weakness across the board on Tuesday. Chicago SRW contracts closed the day with losses of 2 ½ to 4 ¼ cents. Open interest was up just 523 contracts on Tuesday. KC...
- Cattle Traders Look to Midweek Trade, as Beed Slips Lower on Tuesday
- Live cattle futures were down 22 cents to $1 on the Tuesday session. Open interest was down just 9 contracts, suggesting a rotation of ownership. Cash trade was quiet on Monday, as trade was $222-223 live and $345 dressed action in the North last week, with some southern action near...
- Corn Holding Steady on Wednesday Morning as Harvest Lag Continues
- Corn prices are holding near unchanged this morning, with some contracts fractionally higher. Futures closed the Tuesday session with contracts fractionally to a penny lower across the board. Open interest was down 642 contracts. The CmdtyView national average Cash Corn price was unch at $4.42 1/2. Rains fell in parts...
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