HARVEST HOURS
- Cotton Rallies on Wednesday
- Cotton futures rallied on Wednesday, with contracts 52 to 107 points higher at the close. Crude oil was down $8.05 per barrel on the session, with the US dollar index $0.326 higher. Cotton exports in September totaled 641,476 bales according to Census data, which was down 30.18% from last month...
- Hogs Fall on Wednesday, with Pork Hitting Another 6-Year low
- Lean hog futures continues to face weakness on Wednesday with contracts down $1.05 to $1.87 at the close. USDA’s national base hog price was reported at $42.49 in the Wednesday afternoon report, down $2.90 from the day prior. The CME Lean Hog Index was down another 76 cents on November...
- Wheat Fails to Hold onto Midday Gains
- The wheat complex faded lower on Wednesday, with buyers failing to hold midday gains. Chicago SRW contracts were steady to 2 cents lower. KC HRW futures were 3 ¼ to 5 ½ cents in the red at the close. MPLS spring wheat was down 2 ½ to 6 cents on...
- Cattle Post Wednesday Losses with Weaker Cash
- Live cattle futures saw Wednesday weakness, with contracts down 15 cents to $1.07 at the close. Cash trade has been trickling in, with USDA reporting light early at $340 dressed in the north and $216-219 live. Sales in the south have been near $218. The Wednesday Fed Cattle Exchange online...
- Corn Bulls Muster Up a Midweek Bounce
- Corn futures held onto the midday gains on Wednesday, with contracts 1 to 2 cents higher across most contracts. The CmdtyView national average Cash Corn price was up 1 3/4 cents at $4.08 3/4. EIA’s weekly update showed ethanol production at a total of 1.143 million barrels per day in...
- Soybeans Facing Midweek Weakness
- Soybeans close the Wednesday session with contracts 2 ¼ to 11 ¾ cents lower across the board, with the front months leading the charge. The cmdtyView national average Cash Bean price was down 11 1/2 cents at $11.38. Soymeal futures were mixed, anywhere from 50 cents lower to $1.10 higher,...
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