Commentary
- Cattle Face Mixed Trade on Wednesday
- Live cattle futures closed with mixed trade, as August was down 60 cents and other contracts were up 7 to 50 cents . There were a few cash sales of $403 dressed in the north on Wednesday, with live trade at $255. The Wednesday Fed Cattle Exchange online saw no...
- Corn Extends Post-USDA Bounce to Wednesday
- Corn futures closed Wednesday with contracts up 3 to 8 ¼ cents higher, as the front months were the leaders. The CmdtyView national average Cash Corn price was 7 cents higher at $3.92 1/4. EIA’s weekly update showed a total of 1.117 million barrels per day of ethanol production in...
- Cotton Rallies into the Wednesday Close
- Cotton futures were in rally mode late on Wednesday, with contracts up 104 to 106 points in the front months. Crude oil was down $1.41/bbl to $68.09. The US dollar index was up $0.243 at $101.200. The annual June Acreage report showed all cotton acres this spring planted at 9.85...
- Hogs Face Wednesday Weakness
- Lean hog futures were busy pulling back on Wednesday, with contracts 5 cents to $1.15 lower at the close. USDA’s national base hog price was reported at $96.92 on Wednesday afternoon, down 66 cents from the day prior. The CME Lean Hog Index was 17 cents lower on June 29...
- Wheat Extends Post-USDA Report Gains to Wednesday’s Close
- The wheat complex was higher across the three exchanges on Wednesday. Chicago SRW contracts were 4 to 11 ¼ cents higher on the Wednesday session. KC HRW futures saw 4 ¾ to 12 ¼ cent gains across the board on Wednesday. MPLS spring wheat was 9 ¾ to 13 ½...
- Soybeans See First of the Month Strength on Wednesday
- Soybeans posted gains of 3 to 9 ½ cents across most contracts, led by the front months on Wednesday. The cmdtyView national average Cash Bean price was up 15 1/4 cents at $10.85 1/4. Soymeal futures were steady to $1.90 higher, with Soy Oil futures mixed from 28 points higher...
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