Commentary
- Wheat Back to Falling Lower on Thursday
- The wheat complex is lower across the three markets so far on Thursday. Chicago SRW contracts are down 13 to 14 cents in the front months KC HRW futures are leading the charge lower, with contracts down 17 to 18 cents. MPLS spring wheat is trading with contracts 15 to...
- Cotton Holding Steady at Midday
- Cotton futures are holding near unchanged on Thursday, with contracts down 5 to 5 points higher in the nearby months. Crude oil is back up $2.81 per barrel, with the US dollar index $0.304 higher. Export Sales data showed net cancellation of 55,855 RB of 2025/26 cotton in the week...
- Hogs Falling Weaker on Thursday
- Lean hog futures are trading with contracts down 75 cents to $1.27 at midday. USDA’s national base hog price was not reported on Thursday morning due to thin volume. The CME Lean Hog Index was down 22 cents on August 4 at $96.95. Weekly Export Sales data showed 27,335 MT...
- Soybeans Slipping Slightly on Thursday
- Soybeans are trading with most contracts fractionally to a penny lower on Thursday. The cmdtyView national average Cash Bean price is down 1/2 cent at $11.28 1/2. Soymeal futures are up 50 to 70 cents so far on Thursday with Soy Oil 10 points higher to down 37 points. There...
- Corn Holding Steady at Thursday’s Midday
- Corn futures are showing firm trade so far on Thursday, with most contracts holding within a penny of unchanged. The CmdtyView national average Cash Corn price is up 1/4 cent at $4.07 1/4. Export Sales data from USDA showed 116,740 MT of corn for 2025/26, which was on the lower...
- Cattle Falling Back on Thursday as Beef Takes a Tumble
- Live cattle futures are reverting lower on Thursday, as contracts are down $1.90 to $3.77 at midday. Cash trade has started to pick up at $235 live and $370 dressed across the North so far on Thursday. The Thursday Fed Cattle Exchange online auction showed no sales on the 734...
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