Commentary
- Soybeans Holding onto Midweek Gains as NOPA Reports a Large June Crush
- Soybeans are up 5 to 8 cents so far on Wednesday. The cmdtyView national average Cash Bean price is up 6 1/4 cents $11.52. Soymeal futures are down 40 cents to $1 higher, with Soy Oil futures 3 to 14 points higher. The next 7 days are remaining dry for...
- Cattle Extends Losses to Wednesday
- Live cattle futures are down another $1.30 to $1.90 at midday, to extend the losses. Cash trade has yet to get kicked off this week, with a few light northern sales of $378-380 dressed, $10-15 lower. Live action has been reported at $240 so far. Feeder cattle futures are trading...
- Hogs in Rally Mode on Wednesday
- Lean hog futures are showing gains of $1.6 to $2.05 on Wednesday with August up a nickel. USDA’s national base hog price was reported at $100.70 on Wednesday morning, up $3.83 from the day prior. The CME Lean Hog Index was 76 cents higher on July 13 at $93.87. USDA’s...
- Wheat Sees Midday Limit Gains on Black Sea Escalation
- The wheat complex is in rally mode to the lead the grains higher on Wednesday, with export concerns out of the Black Sea. Chicago SRW contracts are 35 to 36 cents in the green at midday. KC HRW futures are up 41 to 43 cents in the front months, after...
- Cotton Rallying on Wednesday
- Cotton futures are trading with contracts up 133 to 163 points at midday. Crude oil was up down 10 cents on the day with the US dollar index was up $0.281. Parts of Central Texas are looking at 1 to 3 inches precip in the next week, with the panhandle...
- Corn Back to Rallying on Wednesday Despite Weaker Ethanol Data
- Corn futures are trading with contracts 8 to 9 cents higher so far at midday, with spillover support from near limit gains is wheat giving an assist. The CmdtyView national average Cash Corn price is 8 1/2 cents higher at $4.16 1/4. The next 7 days are remaining dry for...
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