Commentary
Hogs Look to Close Out the Week After Buyers Come in on Thursday
Lean hog futures were down 15 cents in July, but up 20 cents to $1.45 in the rest of the contracts. USDA’s national base hog price was reported at $97.75 on Wednesday afternoon, up 18 cents from the previous day. The CME Lean Hog Index was down 16 cents on...
Cattle Traders Look to Thursday Action
Live cattle futures were up 42 cents in June but down 15 to 75 cents across the rest of the board on Wednesday. Open interest was up 3,469 contracts. The Wednesday Fed Cattle online auction showed no sales on the 1,466 head offered, with 1 lot bid at $400 dressed....
Cotton Slipping Back on Thursday AM Trade
Cotton price action is down 5 to 82 points so far on the Thursday AM session, led by the front months. Futures closed with Wednesday gains of 115 to 204 points in most contracts. Crude oil was down 17 cents at $75.88. The US dollar index was up $0.981 at...
Wheat Showing Mixed Trade Early on Thursday
Wheat is looking at 3 to 5 cent losses in the winter wheats, with spring wheat higher so far on early Thursday trade. The wheat complex led the bulls charge on Wednesday, with contracts showing double digit gains across the front months. Chicago SRW contracts were rallying, as front months...
Soybeans Retreating on Thursday Morning
Soybeans are trading with early Thursday losses of 11 to 12 cents so far. Futures saw marginal gains of 2 to 3 ¼ cents in most contracts on Wednesday, with most contracts fading the USDA export sale announcement, 6 to 8 cents off the highs. Open interest suggested a rotation...
Corn Falling Back to Start Thursday
Corn prices are down 3 to 4 cents so far on Thursday morning. Futures kicked it into rally mode into Wednesday’s close, with contracts 5 ¼ to 7 ¼ higher on the day. Preliminary open interest was up 1,613 contracts on Wednesday, with the exodus of July continuing, down 30,977...


  


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