Commentary
- Cotton Falling in Early Wednesday Trade
- Cotton price action is down 24 to 48 points on Wednesday morning. Futures closed the session with contracts 28 to 40 points in the red. The US dollar index was $0.375 lower at $99.480. Crude oil is down $19.46 so far this morning following a 2-week ceasefire between Iran and...
- Corn Facing Pressure to Start Wednesday as Oil Collapses
- Corn price action is down 5 to 7 cents in early Wednesday trade. Futures were 4 to 5 cents lower on the session. The CmdtyView national average Cash Corn price was down 4 3/4 cents at $4.10 1/2. Crude oil is down $19.46 so far this morning following a 2-week...
- Cattle Look to Wednesday Trade
- Live cattle futures settled with front month April up 17 cents and other contracts down 50 cents to $1.22. There were no deliveries issued for April on Tuesday. Cash trade has yet to get kicked off this week, with sales at $245-246 last week. Feeder cattle futures were down $3...
- Wheat Collapsing to Start Wednesday Trade
- Wheat is trading with double digit losses across the three exchanges early on Wednesday. The wheat complex was mixed on Tuesday, with the soft red contracts higher. Chicago SRW futures posted 1 to 3 cent in the red on the day. KC HRW futures saw fractional losses at the close....
- Hogs Look to Wednesday After Mixed Tuesday Trade
- Lean hog futures were up 30 cents in the front month April, with other contracts down 35 to 70 cents. USDA’s national base hog price was reported at $90.82 on Tuesday afternoon. The CME Lean Hog Index was down another 8 cents on April 3 at $89.93. USDA’s pork carcass...
- Soybeans Starting Wednesday Marginally Lower
- Soybeans are down 2 to 4 cents early on the midweek session. Futures posted Tuesday losses of 6 to 9 cents in the nearby contracts on Tuesday. The cmdtyView national average Cash Bean price was down 8 cents at $10.89 1/4. Soymeal futures were down $1.30 to $4.80 in the...
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