HARVEST HOURS
- Hog Collapse Continues to Wednesday
- Lean hog futures are posting losses of $1.25 to $1.40 across most contracts, with October down a nickel ahead of expiration. USDA’s national base hog price was reported at $69.05 on Wednesday morning, down $2.31 from the day prior. The CME Lean Hog Index was down another 57 cents on...
- Corn Weakness Holding on Wednesday
- Corn futures are showing 2 to 3 cent losses on Wednesday. The CmdtyView national average Cash Corn price is down 2 ¼ cents at $4.40. Rains fell in parts of the TX panhandle, KS, MO and IL overnight, putting a pause on some harvest. More rain is expected in those...
- Soybeans Fading Overnight gains and Chinese Buying
- Soybeans are trading with contracts 8 to 10 cents lower on Wednesday, shrugging off the early gains and Chinese business. The cmdtyView national average Cash Bean price is down 8 3/4 cents at $12.16. Soymeal futures are $3.30 lower, with Soy Oil futures down 90 points. October futures expires today....
- Cattle Showing Modest Losses on Wednesday
- Live cattle futures are down 20 to 45 cents at midday. Cash trade has been quiet early in the week. The Wednesday Fed Cattle Exchange online auction showed $226 sales on one lot of the 2,914 head offered, with other bids of $223. Feeder cattle futures are trading with 35...
- Cotton Off the Morning Highs, but Still Higher at Wednesday’s Midday
- Cotton futures are trading with midday gains of 40 to 46 points across the front months on Wednesday. Crude oil is up $1.68 per barrel on the session, with the US dollar index $0.626 higher. The weekly Crop Progress report showed 82% of the US cotton crop with bolls opening...
- Wheat Trying to Hold Higher on Wednesday
- The wheat complex is showing mixed trade so far on Wednesday. Chicago SRW contracts are trading with 2 to 3 cent gains so far on the session. KC HRW futures are showing steady to 1 ½ cent gains at midday. MPLS spring wheat is down 4 to 6 cents so...
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