Commentary
- Wheat Trading Mixed on Tuesday
- The wheat complex is showing mixed trade on Tuesday, with the winter wheat contracts fading lower. Chicago SRW futures are trading with 8 to 9 cent losses at midday. KC HRW futures are down 3 to 4 ¼ cents. MPLS spring wheat is higher, with 3 to 5 cent gains....
- Cotton Trading Mixed at Tuesday’s Midday
- Cotton futures are trading with July down 9 points and other contracts up 30 to 38 points. December was down 258 points since last Friday. The US dollar index was $0.076 lower at $99.110. Crude oil is down $2.62 on the day to $93.97. CFTC data showed managed money adding...
- Corn Falling at Tuesday’s Midday
- Corn futures are facing Tuesday pressure at midday, with contracts down 3 to 5 ¼ cents. The CmdtyView national average Cash Corn price is down 5 ¼ cents to $4.18 1/4. Export Inspections data showed 1.582 MT (62.27 mbu) of corn shipped in the week that ended on May 21....
- Hogs Slipping Lower on Tuesday’s Midday
- Lean hog futures are down 12 cents to $1.30 so far on Tuesday. USDA’s national base hog price was not reported on Tuesday morning due to low volume. The CME Lean Hog Index was down 19 cents on May 21 at $90.88 CFTC data showed managed money cutting back another...
- Soybeans Posting Tuesday Losses
- Soybeans are trading with Tuesday losses of 6 to 9 cents so far at midday. The cmdtyView national average Cash Bean price is down 8 1/2 cents at $11.24 3/4. Soymeal futures are showing $1.80 to $2.50 losses, with Soy Oil futures 7 to 15 points higher. Tuesday morning’s Export...
- Cattle Fading Early Strength for Midday Losses on Tuesday
- Live cattle futures are falling $1.22 to $2.15 at midday. Cash trade from last week was been $260 to $265 across the country, with late sales slipping to $258-260. Feeder cattle futures are slipping back $2 to $2.35 on Tuesday, fading off the early gains. The CME Feeder Cattle Index...
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