Commentary
- Soybeans Round Out June with Gains Despite Larger Stocks and More Acres
- Soybeans bought the fact after on Tuesday, as contracts closed with 4 ¾ to 12 ½ cent gains. The cmdtyView national average Cash Bean price was up 7 3/4 cents at $10.70. Soymeal futures were steady to $2.10 higher, with Soy Oil futures down 33 to 233 points led by...
- Cattle Extend Losses to Close the Month
- Live cattle futures were down 57 cents to $1.22 across the board on Tuesday. June futures expired at $258.20. Cash trade has been quiet this week with last week at northern sales of $260 and $258 in the South. Feeder cattle futures were down $2.87 to $3.22 at the close....
- Corn Bulls Hold onto Gains, as NASS Shows Tighter Stocks Number
- Corn futures faded off the initial post report strength on Tuesday, with contracts closing 4 to 6 ½ cents higher. July was up 10 ¾ cents. The CmdtyView national average Cash Corn price was 9 1/4 cents higher at $3.85 ½. Acreage data from NASS showed 95.343 million acres of...
- Wheat Rallies on Bull Friendly USDA Report Data
- The wheat complex found some footing for the bulls, as all three exchanges were higher. Chicago SRW contracts were 1 3/4 to 11 1/4 cents higher across the board, led by the nearbys. KC HRW futures were up 10 to 11 ¼ at the close. MPLS spring wheat was 4...
- Cotton Shrugs Off Increased Acres for Tuesday Gains
- Cotton futures found strength to round out June, with contracts 22 to 43 points higher despite USDA reporting more acres than expected this morning. Crude oil was down $0.82/bbl to $69.83. The US dollar index is up $0.118 at $100.995. The annual June Acreage report showed all cotton acres this...
- Hogs Post Front Month Gains on Tuesday
- Lean hog futures were 47 to 92 cents higher in the nearbys on Tuesday, with deferred contracts down 32 to 47 cents. USDA’s national base hog price was reported at 97.58 on Tuesday afternoon. The CME Lean Hog Index was back down 14 cents on June 26 at $91.41. USDA’s...
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