Commentary
- Cotton Slips Lower into Tuesday Close
- Cotton futures ended Tuesday on a weaker noted despite a midday bounce, with contracts down 23 to 74 points on the session. Crude oil was up $1.69 on the day with the US dollar index was up $0.325. Monday afternoon’s Crop Progress showed 60% of the US cotton crop squared...
- Hogs Close out Tuesday on a Mixed Note
- Lean hog futures were mixed on Tuesday, with contracts up 35 cent to 40 cents lower. USDA’s national base hog price was reported at $98.56 on Tuesday afternoon, down 22 cents from the day prior. The CME Lean Hog Index was 42 cents higher on July 10 at $93.11. USDA’s...
- Cattle Fall on Tuesday as Beef Slide Continues
- Live cattle futures faced continued weakness on Tuesday, with contracts down $1.60 to $3.30 at the close. Cash trade has yet to get kicked off this week, with a few northern bids of $380 dressed vs. sales of 390-393 last week. Live action last week was $247-248 across the country....
- Corn Closes Tuesday with Modest Losses
- Corn futures closed out the Tuesday session with contracts ¾ ti 2 ¾ cents lower, as July expired 4 cents lower at $4.33 3/4. The CmdtyView national average Cash Corn price was 2 1/4 cents lower at $4.08 3/4. The weekly Crop Progress report showed 16% of the US corn...
- Wheat Extend Strength to Tuesday
- The wheat complex posted gains across the three exchanges at the Tuesday close. Chicago SRW contracts were up 4 1/4 to 9 3/4 cents on the day. KC HRW futures were 7 1/2 to 11 3/4 cents higher at the close. MPLS spring wheat were 4 to 5 ¾ cents...
- Soybeans Slip Lower on Tuesday
- Soybeans closed Tuesday with contracts 1 to 4 cents lower, as July expired with a 5 ¼ cent gains at $12.07 ¼. The cmdtyView national average Cash Bean price was down 3 3/4 cents $11.46. Soymeal futures saw late strength to close up 20 cents to $2.80, with Soy Oil...
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