HARVEST HOURS
Commentary
- Corn Falls Back Lower on Wednesday
- Corn futures faded back some of the Tuesday rally, posting Wednesday losses of 2 to 6 cents across most contracts. The CmdtyView national average Cash Corn price was down 6 cents at $4.63 1/4. EIA data from this morning showed ethanol production in the week of October 1 at 1.053...
- SoybeanSoybeans Fall Back on Wednesday As Products Diverge
- Soybeans were weaker for much of the midweek session with contracts a penny to 5 ½ cents lower at the close. The cmdtyView national average Cash Bean price was down 6 1/4 cents at $12.40 1/4. Soymeal futures were up $4.70 to $12.50 at the close, with Soy Oil futures...
- Hogs Fall Lower on Wednesday
- Lean hog futures saw weakness on Wednesday contracts falling $1 to $2.42 at the close. USDA’s national base hog price was at $72.44 in the Wednesday PM report, down $3.30 from the day prior. The CME Lean Hog Index was down another 41 cents on October 5 at $79.22. USDA’s...
- Cotton Falls Back Lower on Wednesday
- Cotton futures posted Wednesday losses of 21 to 118 points at the close. Crude oil was down 50 cents per barrel on the session, with the US dollar index $0.440 higher. The Seam reported sales on 3,951 bales on October 6 at an average of 82.22 cents/lb. The Cotlook A...
- Cattle Fall Back on Midweek Pressure
- Live cattle futures saw losses of a nickel to 62 cents on Wednesday, with October up 37 cents. Cash trade has yet to get kicked off this week, following last week’s live northern sales at $220-222 and southern trade reported at $226. The Wednesday Fed Cattle Exchange online auction showed...
- Wheat Falls Lower on Wednesday
- The wheat complex failed follow through from Tuesday’s strength on Wednesday, with weakness. Chicago SRW contracts were down 13 ¾ to 17 ¾ cents across the board. KC HRW futures posted losses of 13 ½ to 17 ¾ cents at the Wednesday close. MPLS spring wheat saw losses of 6...
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