Commentary
- Cotton Falling Lower on Thursday Morning
- Cotton prices are down 123 to 157 points across the front months early on Thursday. Futures saw strength on Wednesday, with contracts 8 to 48 points higher, as December was the lone holdout, down a tick. Crude oil was down just 62 cents per barrel, with the US dollar index...
- Hogs See Midweek Strength
- Lean hog futures closed the midweek session with contracts 22 to 95 cent gains, as soon to expire August was down 20 cents. USDA’s national base hog price was reported at $95.81 on Wednesday afternoon, down 51 cents from the day prior. The CME Lean Hog Index was down 15...
- Corn Slipping Back to Start Thursday Following Wednesday’s Rally
- Corn is trading with Thursday morning losses of 3 to 4 cents. Futures closed the Wednesday session with contracts down 18 to 20 ½ cents in through next July, with deferreds up 4 to 11 ½ cents. Open interest was up just 199 contracts. Spillover gains from wheat and increasing...
- Cattle Look to Thursday Following Wednesday Weakness
- Live cattle futures posted $2.00 to $2.97 losses across the board. Open interest was up 573 contracts. There were no deliveries issued against August futures on Wednesday. Cash trade has been quiet this week, with a few dressed sales at $368. The Wednesday Fed Cattle auction showed no sales on...
- Soybeans Starting Thursday Trade with Slight Weakness
- Soybean price action is down 1 to 2 cents so far on Thursday morning. Futures posted 6 to 17 ¼ cent gains on Wednesday despite a neutral to slightly bearish USDA report. Open interest was down 2,948 contracts, suggesting some short covering. The cmdtyView national average Cash Bean price was...
- Wheat Holding onto Thursday Morning Gains
- Wheat is up 1 to 4 cents across the three exchanges. The wheat complex is trading with sharp midday gains across the three exchanges. Chicago SRW contracts were 13 ¾ to 22 ½ cents higher across the board on the day. Short covering was noted, with open interest down 18,911...


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