Commentary
- Corn Heads into the Long Weekend with Weakness
- Corn futures posted losses of 3 ½ to 5 ¾ cents across most contracts on Thursday, with July holding onto a 4 ¾ cent gain. The CmdtyView national average Cash Corn price was down 3 1/2 cents at $3.86 1/2. The market and government will take Friday off in observance...
- Soybeans Retreat into the 3-Day Weekend
- Soybeans posted losses of 6 ½ to 9 ¼ cents across the board on Thursday, with July holding for a 9 ¼ cent gain this week. The cmdtyView national average Cash Bean price was down 8 1/2 cents at $10.71 ½. Soymeal futures were down $1.20 to $3.50, with July...
- Wheat Slips Lower into the Week’s Close
- The wheat complex fell back into the long weekend with losses across the three exchanges. Chicago SRW contracts were down 1 ½ to 7 ¼ cents at the close, with July still up 21 ¼ cents on the week. KC HRW futures closed with losses of 4 ½ to 8...
- Cattle Slip into the Lock Weekend, with Placements Coming in Below Estimates
- Live cattle futures posted Thursday losses of 82 cents to $2.22 at the close, with August holding for gains of $5.45 this week. The Thursday Fed Cattle online auction showed no sales on the 1,466 head offered, with bids at $254. Cash trade has been slow this week, with bids...
- Cotton Close Mostly Weaker Heading into the Long Weekend
- Cotton futures posted 4 to 85 point losses in most contracts on Thursday, as July was still up 311 points this week. Crude oil was down another 17 cents/bbl to $76.64. The US dollar index was up another $0.710 at $100.800. The market and government will take Friday off in...
- Hogs Post Mixed Trade to Close the Week
- Lean hog futures were 5 to 27 cents higher in the front months on Thursday, with December and beyond, down 12 to 32 cents. July was still down $2.42 this week. USDA’s national base hog price was reported at $97.19 on Thursday afternoon, down 56 cents from the previous day....
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