Commentary
- Corn Rallies on Thursday as a Drier Window Opens Up
- Corn futures rallied into the Thursday close, as contracts were 4 ¼ to 8 ½ cents higher on the session. The CmdtyView national average Cash Corn price was 8 3/4 cents higher at $3.87. Precip heading into the first couple days of July is limited in portions of NE, SD,...
- Hogs Close Mixed Thursday, as July Remains Weak
- Lean hog futures posted Thursday losses of a dime to $1.15 in the front months, with other contracts steady to 37 cents higher. USDA’s national base hog price was reported at $95.29 by USDA on Thursday afternoon, down 27 cents from the day prior. The CME Lean Hog Index was...
- Soybeans Rally on Thursday, with Drier Start to July
- Soybeans were up 16 1/2 to 22 cents across the board at Thursday’s close. The cmdtyView national average Cash Bean price was up 20 1/2 cents at $10.79 3/4. Soymeal futures were up $1.40 to $4.90 in the nearbys, with Soy Oil futures back up 129 to 169 points. Precip...
- Wheat Closes Thursday with Modest Strength
- The wheat complex found late session strength to close mostly higher on the session. Chicago SRW contracts closed the Thursday session with contracts 4 ½ to 5 ½ cents higher. KC HRW futures were up 3 to 5 cents in most contracts at the close. MPLS spring wheat was mixed,...
- Cattle Rounds Out Thursday with Gains
- Live cattle were steady to $1.40 higher on Thursday, with December down a dime. Cash trade saw some very light volume $260 live and $408 dressed in the north on Wednesday, with a few bids at $255 on Thursday. The Thursday morning, Fed Cattle Exchange online auction showed no sales...
- Cotton Posts Thursday Strength
- Cotton futures posted gains of 21 to 71 points across most contrast on Thursday, with July up 131 points. Crude oil was back up $1.13 /bbl to $71.47. The US dollar index was back down $0.141 higher at $101.250. USDA’s Export Sales report from this morning showed 83,864 RB of...
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