Commentary
- Cotton Extending Gains to Monday Morning
- Cotton price action is up 2 to 29 points so far on Monday AM trade. Futures saw gains of 120 to 130 points on Friday with December up 261 points on the week. Crude oil was up 21 cents per barrel, with the US dollar index $0.308 lower. Friday afternoon’s...
- Wheat Posting Monday Morning Strength
- Wheat is in rally mode early on Monday, with winter wheats trading with double digit gains. The wheat complex saw gains hold into the close across the three markets. Chicago SRW contracts were up 7 to 9 cents, as September was down 1 3/4 cents last week. KC HRW futures...
- Cattle Look to New Week Following Friday Gains
- Live cattle futures posted Friday gains of 35 to 50 cents in the front months, with August down a nickel last week. Cash trade picked up last week at $235 live and $370 dressed (North) across the country. Feeder cattle futures were $2.95 to $3.65 higher on the day, with...
- Hogs Look to Monday After Week of Losses
- Lean hog futures saw contracts steady to 50 cents higher on Friday, with August slipping $3.35 on the week. USDA’s national base hog price was reported at $97.67 on Friday afternoon, down 63 cents from the day prior. The CME Lean Hog Index was down 29 cents on August 5...
- Soybeans Pushing Higher to Begin the Week
- Soybeans are trading with Monday AM 3 to 7 cent gains. Futures were mostly 1 to 3 cents lower, with August down 11 ¾ cents on the week. The cmdtyView national average Cash Bean price was up a penny at $11.33 ¾. Soymeal futures were down $2.60, with August down...
- Corn Ticking Higher on Monday Morning
- Corn prices are trading with 2 to 3 cent gains early on Monday morning. Futures settled with contracts steady to fractionally higher at the Friday close. The CmdtyView national average Cash Corn price was unchanged at $4.09 1/2. USDA reported a private export sale of 286,097 MT of corn to...
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