Commentary
- Cotton Rallying Triple Digits on Wednesday
- Cotton futures are trading with contracts 250 to 276 higher across the front months. Crude oil was up $1.90, with the US dollar index $0.809 lower. Dryness is expected to continue across much of TX as parts of the Delta in the next week according to the NOAA 7-day QPF....
- Hogs Posting Strength at Midday
- Lean hog futures back to higher trade on Wednesday. USDA’s national base hog price was reported at $92.24 in the Wednesday AM report, down $2.13 from the day prior. The CME Lean Hog Index was down 69 cents on August 17 at $94.78. USDA’s pork carcass cutout value was back...
- Cattle Falling Despite a Resurgence in Beef
- Live cattle futures are falling $1 to $1.25 so far on Wednesday. Cash trade has been quiet so far this week, with a few $359 dressed sales creeping in following last week’s $225-228 live and $362-368 dressed action. The Wednesday morning Fed Cattle Exchange online auction showed no sales on...
- Corn Holding onto Wednesday Gains
- Corn futures are trading with contracts 6 to 7 ¼ cents higher across most contracts on Wednesday. The CmdtyView national average Cash Corn price was down 1 3/4 cents at $4.35 1/2. The ProFarmer Crop Tour started rolled along on Tuesday, with Nebraska corn yields averaging 163.61 bushels per acre...
- Wheat Taking Back Tuesday Weakness with Wednesday Strength
- The wheat complex is rallying across the three exchanges at midday. Chicago SRW contracts is up 14 to 15 cents across most contracts. KC HRW futures are 16 to 17 cents in the front months on the session. MPLS spring wheat is 17 to 18 cents higher so far at...
- Soybeans Rallying on Wednesday
- Soybeans are trading with 19 to 21 cent gains on Wednesday. The cmdtyView national average Cash Bean price was up 21 cents at $11.98. Soymeal futures are up $3.80 to $4.20, as Soy Oil is back up 25 to 40 points. The ProFarmer Crop Tour continued on Tuesday, with Nebraska...
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