HARVEST HOURS
Commentary
- Cattle Rallying to Close out the Week
- Live cattle futures are up 60 cents to $1.72 at midday. Early cash trade has been reported at $348-355 dressed in the North, with $222-223 live sales. The Friday Fed Cattle Exchange online auction showed no sales on the 1,696 head offered with bids reported at $220. Feeder cattle futures...
- Cotton Holding onto Midday Losses on Friday
- Cotton futures are trading with midday losses of 100 to 110 points at midday, with nearby and thin October up 60 points. Crude oil is down $2.55 per barrel on the session, with the US dollar index $0.253 lower. Limited information has been released on what was discussed between US...
- Corn Rallying off Early Lows as Trade Details to Come Monday
- Corn futures are trading with contracts fractionally to 2 cents lower on Friday, more than a dime of the early lows. The CmdtyView national average Cash Corn price is down 1 cent at $4.83. Limited information has been released on what was discussed between US and Chinese leaders this week,...
- Hogs Bulls Failing to Follow Through with Friendly Hogs & Pigs Report
- Lean hog futures are down 45 to 65 cents at midday. USDA’s national base hog price was $79.19 in the Friday morning report, up 18 cents from the day prior. The CME Lean Hog Index was down another 27 cents on September 23 at $82.20. USDA’s Hogs & Pigs report...
- Soybeans Pulling Off Early Lows as Monday Announcement Calms Selling
- Soybeans are rallying nearly 20 cents off the early session lows, with contracts up ½ cent to a penny lower in the nearbys. The cmdtyView national average Cash Bean price was up 1 cent at $12.61. Soymeal futures are down $1.30 to $1.60, with Soy Oil up 12 to 14...
- Wheat Pulling Off Lows, but Still Feeling Friday Pressure
- The wheat complex is trading with contracts 3 to 7 cents lower at midday, but bouncing off the early session lows. Chicago SRW is showing 6 to 7 cent losses on the day. KC HRW futures are slipping 5 to 6 cents at midday, but well off the early losses....
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