Commentary
- Wheat Bulls Battling Back on Thursday
- The wheat complex is posting strength across the three exchanges at midday. Chicago SRW contracts are trading with 7 to 8 cent gains. There were 3 deliveries against September CBT wheat overnight. KC HRW futures are posting 5 to 7 cent higher trade on Thursday. MPLS spring wheat is showing...
- Hogs Posting Mixed Trade on Thursday
- Lean hog futures are showing 27 cent gains to 25 cent losses at midday. USDA’s national base hog price was not reported on Thursday morning due to thin volume. The CME Lean Hog Index was down another 86 cents on September 8 at $88.79. USDA’s pork carcass cutout value was...
- Cotton Posting Midday Gain on Thursday
- Cotton futures are getting spillover strength on Thursday, as WTI crude tops $100, with cotton contracts up 66 to 95 points at midday. Crude oil is rallying $5.29 per barrel higher on the session, with the US dollar index up 190 points. Export Sales data is delayed to Friday due...
- Cattle Trade Holding Firm on Thursday
- Live cattle futures are 37 cents higher to 20 cents at midday Cash trade has yet to get kicked off this week. The Wednesday Fed Cattle Exchange showed no sales on the 952 head offered, with $220 live bids. Feeder cattle futures are 25 cents to $1 higher on Thursday....
- Corn Getting a Bounce Ahead of USDA Report Day
- Corn futures are trading with Thursday midday gains of 3 to 4 cents, getting a bounce from the Wednesday weakness. There were 319 deliveries against September corn overnight. The CmdtyView national average Cash Corn price is up 3 1/2 cents at $4.84 1/2. The weekly EIA report showed ethanol production...
- Soybeans Breaking to New Highs on Thursday
- Soybeans are rallying 18 to 20 cents across most contracts at midday. The cmdtyView national average Cash Bean price is up 19 cents at $12.70. Soymeal futures are trading with $5.30 gains, as Soy Oil is rallying 116 points. There were again no deliveries for September soybeans, with 39 issued...


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