Commentary
- Soybeans Posts Friday Strength as USDA Shows Better Than Expected Report
- Soybeans closed the Friday session with contracts up fractionally in some deferred to as much as 16 ¾ cents. September closed the week with a 55 ½ cent rally, as November was up 43 cents. The cmdtyView national average Cash Bean price was up 13 3/4 cents at $11.45 3/4....
- Wheat Leads the Grains Rally on Friday
- The wheat complex was in rally mode on Friday, closing with double digit strength across the three exchanges. Chicago SRW contracts was 15 ¼ to 20 ¾ cents in the green on the day, with nearby September up 40 ½ cents on the week. KC HRW futures were up 17...
- Corn Rallies on Friday with the Help of a Bull Friendly USDA Report
- Corn bulls found their footing on Friday following friendlier than expected USDA data. Contracts were up 2 ½ to 10 ¼ cents across the board, led by the front months. September was 16 ½ cents higher this week, with December up 19 ½ cents. The CmdtyView national average Cash Corn...
- Cotton Posts Friday Strength Despite Production Hike
- Cotton futures closed with gains of 45 to 99 points on Friday, Futures shrugged off the production increase via the WASDE, as they accounted for the larger acreage from NASS last week. December closed the week with a 442 point gain. Crude oil was down 57 cents on the day,...
- Cattle Fall Lower into the Weekend
- Live cattle futures posted losses of $1.05 to 1.30 on Friday, with nearby August down a nickel. August was still down $4.02 this week. Cash trade picked up this week at $247-248 across the country, a $7-8 drop from last week. Feeder cattle futures saw losses $1.12 to $1.97 on...
- Hogs Closed Mixed on Friday, as Pork Sees Some Strength
- Lean hog futures continued the mixed trend this week with contracts up 85 to 67 cents lower. August was up 25 cents on the week. USDA’s national base hog price was up $1.25 in the Friday PM report at $98.30. The CME Lean Hog Index was 37 cents higher on...
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