Commentary
- Hogs Close Monday Mostly on the Lower Side
- Lean hog futures were weaker at the Monday close, with contracts steady to 37 cents lower, as October was up 25 cents. USDA’s national base hog price was reported at $89.40 on Monday afternoon, down $4.87 from the previous day. The CME Lean Hog Index was down another 46 cents...
- Wheat Closes Monday with Mixed Trade
- The wheat complex posted mostly weaker trade on Monday, with a few Chicago contracts higher. Chicago SRW contracts closed deferred contracts 1 ¼ cents lower to 1 ¼ cents higher in the nearbys. KC HRW futures posted losses of 3 to 5 ¾ cents a the Monday close. MPLS spring...
- Cotton Rally into Monday’s Close as USDA Cuts Ratings
- Cotton futures closed the Monday session with contracts up 21 to 54 points across most months. Crude oil was down $2.08 with the US dollar index $0.191 higher. Weekly Crop Progress data showed 81% of the US cotton setting bolls as of Sunday, with 20% of the crop with bolls...
- Corn Pulls Off Highs, Still Closes Monday with Strength as Ratings Fall
- Corn futures faded from the early session highs, but ended the Monday session with gains of 3 to 7 ¾ cents across most contracts. The CmdtyView national average Cash Corn price was up 7 3/4 cents at $4.63. Weekly Crop Progress data showed 86% of the US corn crop in...
- Soybeans Face Monday Pressure with Bean Oil Losses
- Soybeans were under pressure from bean oil on Monday, with contracts down 4 to 15 ½ cents across most months, led by the nearbys. The cmdtyView national average Cash Bean price was down 13 1/2 cents at $11.88 1/2. Soymeal futures were up $2.60 to $6.20 on the day, with...
- Cattle Face Monday Losses
- Live cattle futures saw weakness across the board on Monday, down $1.87 to $4.32 at the close. Cash trade was quiet on Monday, with most compiling showlists. Feeder cattle futures were lower, with losses of $1.17 to $5.37 on the day. The CME Feeder Cattle Index was down another $2.53...
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