Commentary
- Wheat Holding Lower on Tuesday
- Wheat is falling lower on so far on Tuesday’s midday. Chicago SRW futures are 5 to 7 cents in the red so far. KC HRW futures are 8 to 10 cents lower at midday. MPLS spring wheat is down 5 to 6 cents in the front months on Tuesday. The...
- Cattle Bulls Feeling Lucky on Tuesday
- Live cattle futures are up $1.35 to $1.55. Cash trade settled in at $234-236 live last week, with some $372 dressed. Feeder cattle futures are rallying $3.55 to 4.70 at midday. The CME Feeder Cattle Index was down another $1.30 to $357.05 on March 13. The Monday OKC Feeder cattle...
- Soybeans Bouncing Higher on Turnaround Tuesday
- Soybeans are showing a bounce on Tuesday, with turnaround action of 6 to 15 cents higher. The cmdtyView national average Cash Bean price is up 6 1/2 cents at $10.86 1/4. Soymeal futures are $0.80 to $1.00 lower in the front, with Soy Oil futures up 195 to 206 at...
- Cotton Seeing Green on March 17th
- Cotton futures are trading with 80 to 90 point gains on Tuesday’s midday. Crude oil is back up $2.17 to $95.67, with the US dollar index down $0.118 to $99.345. The Seam showed sales on 17,379 bales on Monday, averaging 63.71 cents/lb. The Cotlook A Index was up 70 points...
- Corn Holding Steady on Tuesday
- Corn futures are trading with fractionally mixed action on Tuesday, shrugging off early weakness. The CmdtyView national average Cash Corn price is down 1/2 cent to $4.10. Crude is up $2.52 at midday. Ukraine’s economic ministry estimates the country will plant 4.42 million hectares (10.92 million acres) of corn this...
- Hogs Slipping on Tuesday
- Lean hog futures are down a dime to 25 cents in the front months on Tuesday. USDA’s national base hog price was reported at $92.04 on Tuesday morning, up $6 from the day prior. The CME Lean Hog Index was another 16 cents higher on March 13 at $91.76. USDA’s...
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