HARVEST HOURS
Commentary
- Corn Holds onto Monday Losses, but Pulls Off Early Lows
- Corn futures posted losses of 1 to 5 ½ cents across the board on Monday, pulling off some of the early lows at the close. The CmdtyView national average Cash Corn price was down 5 1/4 cents at $4.79 3/4. Following last week’s US/China meeting, China dropped tariffs on several...
- Soybean Fall on Monday, as Beans Left Off the Tariff Exemption List
- Soybeans rounded out the bloody Monday session with contracts down 17 to 30 ¾ cents across the board. The cmdtyView national average Cash Bean price was down 29 1/2 cents at $12.32. Soymeal futures were down $3.60 to $12.20, with Soy Oil slipping just 10 to 21 points. Following last...
- Cotton Closes Higher with Tariff Exemptions
- Cotton futures were up 4 to 71 points across the board at the close. Crude oil was up 88 cents per barrel on the session, with the US dollar index $0.232 higher. Weekly Crop Progress data showed 70% of the US cotton crop with bolls opening as of Sunday. Harvest...
- Cattle Slip Lower into Monday’s Close
- Live cattle futures posted modest losses of 57 cents to $1.42 at the Monday close. Cash trade has yet to be reported this week, with Monday mostly compiling showlists, as trade has been light in recent weeks. Feeder cattle futures were down $1.32 to $3.02 on Monday. The CME Feeder...
- Wheat Posts Monday Losses
- The wheat complex posted losses across the three exchanges on Monday. Chicago SRW was down 9 1/2 to 14 3/4 cents on the day. KC HRW futures were 11 to 16 3/4 cents lower the close. MPLS spring wheat was 4 1/2 to 11 3/4 cents in the red. This...
- Hogs Face Monday Losses
- Lean hog futures were mostly lower on Monday, with October up a tick and the rest of the board down 55 cents to $1.27. USDA’s national base hog price was up 54 cents in the Monday PM report at $79.22. The CME Lean Hog Index was down another 44 cents...
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