Commentary
- Cattle Extending Losses into Thursday
- Live cattle futures are trading with $1.22 to $1.87 losses on Thursday’s midday. Thursday morning’s Fed Cattle Exchange online auction from Central Stockyards showed no sales on the 1,174 head listed. Bids ranged from $186-190 live. Outside of that, bids have been reported at $190. Feeder cattle are posting losses...
- Soybeans Showing Midday Gains on Thursday
- Beans are showing 4 to 6 cent gains so far on the Thursday session, as sales continue to improve and a cut to the Canadian canola crop are giving the bulls a spike. CmdtyView’s national front month Cash Bean price is back up 5 ¾ cents at $9.40 1/2. Soymeal...
- Hogs Posting Midday Gains
- Lean hog futures are up 5 to 50 cents so far on Thursday. The national average base hog negotiated price was not reported on Thursday morning due to light volume. The CME Lean Hog Index was reported at $84.07 on December 3, up a penny from the previous day. This...
- Wheat Rallying on Thursday
- The wheat complex is trading with gains across the three exchanges on Thursday. Chicago SRW futures are up 8 to 9 cents at midday. There were 20 deliveries issued against December CBT wheat overnight. KC HRW contracts are showing 9 to 10 cent gains so far on the day. MPLS...
- Cotton Bulls Pushing Back Higher
- Cotton futures are trading with 16 to 19 point losses at the Thursday midday. The outside markets are mixed, with the US dollar index down 425 points and crude oil back down 22 cents/barrel lower. This morning’s Export Sales report showed 170,663 RB sold for 2024/25 shipment in the week...
- Corn Pushing Higher As Sales Exceed Expectations
- Corn is posting 4 to 5 cent gains at the midday session on Thursday, as Export Sales data was better than expected. There were no deliveries issued against December corn overnight. The national average Cash Corn price from cmdtyView is up 4 1/4 cents at $4.07. This morning’s Export Sales...
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