Commentary
Hogs Rally to Start the Week
Lean hog futures were 82 cents to $2.10 higher across most contracts, with the October contract the lone holdout. USDA’s national base hog price was reported at $76.81 on Monday afternoon, down 42 cents from the day prior. The CME Lean Hog Index was back down 51 cents on October...
Wheat Starts the Week with Gains
The wheat complex held onto the gains to start the week. Chicago SRW contracts closed out the Monday session with contracts 5 ½ to 9 ½ cents higher. KC HRW futures were 4 to 7 cents in the green at the Monday close. MPLS spring wheat posted 7 ½ to...
Soybeans Fall from Early Strength to Close with Marginal Gains
Soybeans pulled back off of early double digit gains on Monday, with contracts closing fractionally to 3 1/4 cents higher across most contracts. The cmdtyView national average Cash Bean price was up 2 1/4 cents at $12.25 1/4. Soymeal futures were up $1.20 to $1.80 lower, with Soy Oil futures...
Cotton Bulls Put on a Rally on Monday
Cotton futures were higher to start the week, with contracts closing 103 to 222 higher across the board. Crude oil was $1.81 per barrel lower on the session, with the US dollar index back up $0.178. The weekly Crop Progress report showed 74% of the US cotton crop with bolls...
Corn Holds Steady to Begin the Week
Corn futures closed out the Monday session with contracts down ½ cent in nearby December, steady in other front months and fractionally to a penny higher in the deferreds. The CmdtyView national average Cash Corn price was down ¼ cent at $4.59 3/4. USDA reported a private export sale of...
Cattle Face Weakness on Monday
Live cattle futures were weaker to start the week, with contracts down $1.10 to $1.60 at the close. There were no deliveries issued for October cattle on First Notice Day. Cash trade has yet to get kicked off on Monday, following last week’s live northern sales at $220-222 and southern...


  


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