Commentary
- Soybeans Collapse on Wednesday, as Forecasts Remain Wet
- Soybeans posted losses of 13 ½ to 34 cents on Wednesday, with front months leading the charge. The cmdtyView national average Cash Bean price was 31 3/4 cents lower at $11.46 ¼. Soymeal futures were $2.50 to $5.00 lower across the front months, with Soy Oil futures down 30 to...
- Cattle Post Gains on Wednesday
- Live cattle futures closed the Wednesday session, with contracts continuing to bounce from Monday’s weakness, up 42 cents to $2.07 higher. Early bids of $228 were reported this week though trade has been inactive. The Wednesday Fed Cattle Exchange online auction showed no sales on the 1,054 head offered and...
- Hogs Fall Lower on Wednesday, as Pork Slips
- Lean hog futures faced weakness on Wednesday, with contracts $1.37 to $2.57 lower. USDA’s national base hog price was reported at $101.79 on Wednesday afternoon, up 79 cents from the day prior. The CME Lean Hog Index was another 12 cents higher on July 24 at $98.35. USDA’s pork carcass...
- Cotton Falls on Wednesday
- Cotton futures were weaker on Wednesday, with contracts 67 to 119 points lower. Crude oil was back up $5.34 per barrel, with the US dollar index was 0.586. The Fed left rates unchanged on Wednesday’s announcement. The next 7 days looks for a drier forecast in TX, with the delta...
- Corn Pushes Lower on Wednesday
- Corn futures gave back the bounce from Tuesday, with contracts closing the Wednesday session down 2 to 9 ½ cents, led by the nearbys. The CmdtyView national average Cash Corn price was down 9 1/2 cents at $4.19 3/4. EIA’s weekly Petroleum Status Report showed ethanol production up another 39,000...
- Wheat Closes Mixed on Wednesday, with Spring Wheat Heading Higher
- The wheat complex posted mostly lower trade on Wednesday with the spring wheat contracts holding higher. Chicago SRW contracts were lower on the midweek session with losses of 1 1/2 to 3 1/2 cents. KC HRW futures were down 3/4 to 3 3/4 cents lower on Wednesday. MPLS spring wheat...


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