Commentary
- Soybeans See Late Pressure to Close Wednesday Mixed
- Soybeans saw late Wednesday weakness, with contracts closing 1 ¼ lower to 1 ¾ cents higher. The cmdtyView national average Cash Bean price was down 1 1/4 cents at $11.27. Soymeal futures was up 20 cents to $2.30, with Soy Oil futures 4 to 90 points higher on Wednesday. Export...
- Corn Pressure from Crude Continues on Wednesday
- Corn futures posted Wednesday losses of 3 to 5 cents across most contracts. Crude oil losses of $4.48 on Wednesday continued to be a pressure factor. The CmdtyView national average Cash Corn price was down 4 3/4 cents to $4.13 1/4. NASS Crop Progress data showed the US corn crop...
- Wheat Fall Lower on Wednesday
- The wheat complex saw weakness on Wednesday. Crude oil losses of $4.48 on Wednesday continued to be a pressure factor. Chicago SRW futures were 10 to 13 cents lower at the close. KC HRW futures saw Wednesday losses of 2 ½ to 7 ½ cents. MPLS spring wheat posted 2...
- Cattle Rally Back on Wednesday
- Live cattle futures closed Wednesday with contracts $1.70 to $3.35 higher across the board. Cash trade has been limited so far, with last week at $260 to $265 across the country. The Wednesday Fed Cattle Exchange online auction showed no sales on the 1,008 head offered, with bids of $255....
- Hogs Rebound on Wednesday
- Lean hog futures closed the Wednesday trade with contracts up 65 cents to $2 in the nearbys and back months 35 cents lower to 25 cents higher. USDA’s national base hog price was reported at $94.64 on Wednesday afternoon. The CME Lean Hog Index was down 18 cents on May...
- Cotton Closes Lower on Wednesday
- Cotton futures posted losses of 33 to 121 points across most contracts on Wednesday. The US dollar index was $0.054 higher at $99.155. Crude oil was down $4.48 on the day to $89.41 to add pressure. NASS Crop Progress data showed 53% of the US cotton crop planted as of...
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