Commentary
- Hogs Fall on Tuesday
- Lean hog futures posted losses of 35 cents to $1.20 across most contracts, with August up 17 cents. USDA’s national base hog price was reported at $96.32 on Tuesday afternoon, down 36 cents from the day prior. The CME Lean Hog Index was down 21 cents on August 7 at...
- Cotton Pushes Higher on Tuesday
- Cotton futures posted gains of 20 to 53 points across most front months, with deferreds down 27 to 33 points. Crude oil was up $0.1.10 per barrel, with the US dollar index $0.003 lower. Weekly Crop Progress data showed 65% of the US cotton setting bolls as of Sunday, with...
- Soybeans Fall on Tuesday, with Wetter Forecasts Adding Pressure
- Soybeans posted Tuesday losses of 3 to 10 ¾ cents across most contracts, led by the front months. The cmdtyView national average Cash Bean price was down 10 cents at $11.26 1/4. Soymeal futures were 30 to 70 cents lower in the front months and steady to $1 higher in...
- Wheat Falls Lower on Tuesday
- The wheat complex is trading with midday losses across the three exchanges. Chicago SRW contracts was down 7 to 11 cents so far on the day. KC HRW futures fell 8 to 15 1/4 cents lower across the board. MPLS spring wheat was 10 to 12 3/4 cents lower across...
- Corn Faces Pre-USDA Report Pressure on Tuesday
- Corn futures posted marginal losses on Tuesday, with contracts down 1 to 2 cents across the board. The CmdtyView national average Cash Corn price was down a penny at $4.07 3/4. Monday’s Crop Progress report showed 94% of the US corn crop silking by August 9, with 61% in the...
- Cattle Face Strength on Tuesday
- Live cattle futures closed the Tuesday session with contracts down 57 cents to 37 cents higher across most contracts. There were no deliveries for August live cattle futures on Tuesday and the oldest long dated April 30. Cash trade was quiet on Monday, though USDA did pick up a few...
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