Commentary
- Cattle Closes Monday with Mixed Action
- Live cattle futures slipped from the early session highs on Monday, with contracts closing 92 cents higher to 20 cents lower. Cash trade rounded out last week with $225-228 sales in the North and some $228 Southern sales. It has been quiet so far on Monday. Feeder cattle futures closed...
- Hogs Close with Firmer Monday Trade
- Lean hog futures were mostly steady to 32 cents higher, as October was a tick higher. USDA’s national base hog price was reported at $92.62 on Monday afternoon, down 68 cents from the day prior. The CME Lean Hog Index was down 19 cents on August 13 at $95.68. USDA’s...
- Cotton Closes with Monday Gains, as USDA Cuts Conditions Ratings
- Cotton futures are posted higher trade to close out Monday, with contracts up 16 to 68 points across the board. Crude oil was $2.55 higher, with the US dollar index $0.094 lower. Weekly Crop Progress data showed 74% of the US cotton setting bolls as of Sunday, with 14% of...
- Wheat Close Monday Mixed
- The wheat complex saw mixed action to close out the Monday session. Chicago SRW contracts saw fractionally mixed trade on Monday. KC HRW futures were up a penny to 4 ¼ cents at the close. MPLS spring wheat was down 1 ¼ to 3 ¼ cents in the front months....
- Corn Holds the Monday Rally into the Close, as USDA Trims Ratings
- Corn futures closed the Monday session with contracts 3 to 6 ¼ cents higher across most months. The CmdtyView national average Cash Corn price was up 6 1/4 cents at $4.36 1/4. Monday’s Crop Progress report showed 76% of the US corn crop in the dough stage by August 16,...
- Soybeans Rally on Monday, with Condition Ratings Slipping
- Soybeans saw gains of 12 to 23 ½ cents across the board on Monday. The cmdtyView national average Cash Bean price was up 24 1/4 cents at $11.75 1/4. Soymeal futures closed with contracts $1.10 to $2.40 higher, as Soy Oil rallied 130 to 202 points. Weekly Crop Progress data...
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