Commentary
- Soybeans Rally with the Help of Meal
- Soybeans were supported by strength in soybean meal on Wednesday, with contracts up 8 to 10 cents. The cmdtyView national average Cash Bean price was up 10 cents at $10.85 1/2. Soymeal futures are $4.40 to $7.60 in the front months, with. Soy Oil futures up 7 to 23 points...
- Cotton Holds Gains into the Close
- Cotton futures posted gains of 61 points across the front months at the Wednesday close. Crude oil futures are down 6 cents per barrel on the day at $65.57. The US dollar index was down $0.170 at $97.600. The Seam showed sales of 25.330 bales sold on 2/24, averaging 61.69...
- Cattle Post Gains on Wednesday
- Live cattle futures saw Wednesday trade close with gains of 97 cents to $1.17 in the front months. Cash trade has been quiet so far this week. The Wednesday morning Fed Cattle Exchange online auction showed no sales on the 1,456 head offered and bids at $244-245. Feeder cattle futures...
- Corn Closes Higher on Wednesday
- Corn futures posted 2 to 3 ½ cent gains across most contracts on Wednesday. The CmdtyView national average Cash Corn price was up 3 cents to $3.98. With just 2 days left for price discovery for the spring base price for Crop Insurance, December corn has averaged $4.61 this month....
- Hogs Continue to Push Back Higher on Wednesday
- Lean Hog Futures closed with 15 to 40 cent gains in the front months on Wednesday. USDA’s national base hog price was reported at $91.21 on Wednesday afternoon. The CME Lean Hog Index was 18 cents higher on Feb 20 at $88.35. Pork stocks at the end of January were...
- Wheat Close Mixed on Wednesday as Futures Pull Off Lows
- The wheat complex posed weakness in the winter wheats on Wednesday, as spring wheat turned higher at the close. Chicago SRW futures closed the midweek session with contracts 1 to 3 ½ cents lower. KC HRW futures were down 1 to 3 cents in the front months on Wednesday. MPLS...
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