Commentary
- Wheat Posting Wednesday Losses
- The wheat complex is posting losses across most contracts at midday. Chicago SRW futures are down 6 to 7 cents at midday. KC HRW futures are slipping 6 to 7 cents at midday. There were 91 deliveries issued against March KC wheat overnight. MPLS spring wheat is down 4 to...
- Soybeans Holding Steady on Wednesday
- Soybeans are showing most contracts within a penny of unchanged, with front month March down 1 ¾ cents. There were another 244 deliveries issued overnight. The cmdtyView national average Cash Bean price is down 3/4 cent at $10.97 3/4. Soymeal futures are down $3.70 to $4 on the day, with...
- Hogs Rallying at Midday
- Lean hog futures are rallying on Wednesday, with contracts up $1.50 to $1.75 on the day. USDA’s national base hog price was not reported on Wednesday morning due to light volume. The CME Lean Hog Index was 15 cents higher on March 2 at $89.84. USDA’s pork carcass cutout value...
- Corn Posting Wednesday Weakness
- Corn futures are down 2 to 4 cents across most contracts on Wednesday. There was just 1 delivery issued against March corn overnight. The CmdtyView national average Cash Corn price is down 4 cents to $4.02 3/4. USDA reported another private export sale of 125,000 MT of corn to unknown...
- Cattle Rallying on Wednesday
- Live cattle futures are posting $3.60 to $4 across most contracts. Cash trade has yet to be reported so far this week. Wednesday morning’s Fed Cattle Exchange online auction showed no sales on the 1,224 head, with bids at $238. Feeder cattle futures are showing $6 to $6.85 gains across...
- Cotton Trading with Wednesday Gains
- Cotton futures are up 20 to 25 points in the front months on Wednesday. Crude oil is up $0.52 on the day to $75.08. The US dollar index is back down $0.191 at $98.815. The Seam showed sales of 6,789 bales sold on 3/3, averaging 62.49cents/lb. The Cotlook A Index...


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