Commentary
- Wheat Holding onto Gains at Midday
- The wheat complex is holding higher on Wednesday, after retreating from early highs. Chicago SRW futures are trading with 1 to 3 cent gains at midday. KC HRW futures are 7 to 8 cents in the green on Wednesday. MPLS spring wheat is 4 to 7 cents higher in the...
- Hog Bulls In Rally Mode on Wednesday
- Lean hog futures are showing a midweek rally, up 82 cents to $1.85 at midday. USDA’s national base hog price was reported at $92.87 on Wednesday morning, up 62 cents from the day prior. The CME Lean Hog Index was back down 7 cents on April 27 at $91.19. USDA’s...
- Cotton Slipping Lower on Wednesday
- Cotton futures are trading with 45 to 70 point gains in the front months on Wednesday with the in delivery May contract up 132 points. The US dollar index is up $0.239 at $98.715. Crude oil is extending higher, up another $6.89 to $106.76. The Seam showed just 139 bales...
- Soybeans Pushing Higher on Wednesday
- Soybeans are posting 3 to 8 cent gains in the front months on Wednesday. The cmdtyView national average Cash Bean price is up 8 1/4 cents at $11.23 1/4. Soymeal futures are down $3.70 to $6.40 across the front months, with Soy Oil futures up 123 to 135 points Crush...
- Cattle Trade Mixed on Wednesday, with Front Months Rally with Cash
- Live cattle futures are rallying in nearby April, up $3.27 to follow cash. Other contracts are 85 cents higher to 20 cents lower. Cash trade got kicked off early again this week, starting at $250-252 across the country and working up to $256 at Wednesday’s midday. The Fed cattle exchange...
- Corn Holding Firm on Wednesday
- Corn futures are trading with contracts fractionally to 1 ¼ cents higher at midday on Wednesday. The CmdtyView national average Cash Corn price is up 1 cent at $4.33 1/4. EIA’s weekly report showed a larger than expected drop in ethanol production in the week that ended on April 24,...


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