Commentary
- Cattle Extend Pullback on Wednesday
- Live cattle futures saw weakness into the Wednesday session, as contracts were down $2.10 to $3.77. Cash trade has yet to get kicked off this week, with a few $224 live bids in the South and $345-348 dressed bids in the North. The Wednesday Fed Cattle exchange online auction showed...
- Hogs Posts Mixed Wednesday Trade
- Lean hog futures closed mixed on Wednesday, with contracts down 40 cents to 30 cents higher on the session. USDA’s national base hog price was reported at $82.60 on Wednesday afternoon, down $1.98 from the day prior. The CME Lean Hog Index was down another 61 cents on September 14...
- Wheat Posts Late Strength to Close Wednesday Higher
- The wheat complex rounded out the Wednesday session, with the three exchanges pushing higher. Chicago SRW contracts closed with contracts 1 ½ to 6 ½ cents in the green. KC HRW futures were 1 to 5 cents in the green at the close. MPLS spring wheat saw strength, with contracts...
- Soybeans Push Higher into the Wednesday Close
- Soybeans closed the midweek session pushing higher into the close, as contracts were 1 ¾ to 3 ½ cents higher. The cmdtyView national average Cash Bean price was up 1 3/4 cents at $12.62 ¾. Soymeal futures were back 20 cents lower to $2.10 across the board, with Soy Oil...
- Corn Bounces of Session Lows into Wednesday’s Close
- Corn futures saw some late session strength as contracts closed with losses of 1 ½ to 2 ¼ cents across the board on Wednesday. The CmdtyView national average Cash Corn price was down 1 1/2 cents at $4.89. The weekly EIA report showed ethanol production at 1.099 million barrels per...
- Cotton Slips Lower into the Wednesday Close with Outside Pressure
- Cotton futures were steady to 66 points lower, led by the front month October contract. Crude oil was back down $3.69 per barrel on the session, with the US dollar index up $0.719. As most expected the Fed raised rates by 0.25% on Wednesday, while also signaling the potential for...
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