Commentary
- Hogs Fall Lower on Wednesday
- Lean hog futures were weaker on Wednesday, as contracts closed with losses of a dime in some deferreds to $2.40 in June. USDA’s national base hog price was not reported on Wednesday afternoon due to light volume. The CME Lean Hog Index was back up 13 cents on April 3...
- Cotton Closes Mixed on Wednesday
- Cotton futures closed Wednesday with mixed action as contracts were anywhere from 38 points higher to 20 points lower. The US dollar index was $0.832 lower at $98.850. Crude oil was down $16.45 on the day following a 2-week ceasefire between Iran and the US that includes the reopening of...
- Wheat Collapses on Wednesday with Crude Oil Pressure
- The wheat complex was under pressure on Wednesday as money was coming out with pressure from crude oil. Chicago SRW futures was down 13 to 17 ¾ cents in the nearbys on the day. KC HRW futures posted 7 to 12 1/4 cent lower trade into the final bell. MPLS...
- Soybeans Shrug Off Oil Losses for Gains on Wednesday
- Soybeans closed the Wednesday session with contracts steady to 3 ¾ cents in the green, getting support from meal. The cmdtyView national average Cash Bean price was up 4 cents at $10.93 1/4. Soymeal futures were up $2.30 to $5.20 on the day, with Soy Oil futures down 150 to...
- Corn Recover Off Lows, Still Close in the Red on Wednesday
- Corn futures saw some buying off the early overnight lows, but still managed to close with losses of 1 ¾ to 3 ½ cents. The CmdtyView national average Cash Corn price was down1 1/2 cents at $4.08. Crude oil was down $16.45 on the day following a 2-week ceasefire between...
- Cattle Push Higher into Wednesday’s Close
- Live cattle futures saw gains of a nickel in August to $1.30 in some deferred contracts on Wednesday. Cash trade has yet to get kicked off this week, with sales at $245-246 last week. The Central Stockyards Fed Cattle Exchange online auction saw no bids on the 970 head offered,...
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