Commentary
- Cattle Fading Back on Wednesday
- Live cattle futures are down $1.45 to $1.75 on Wednesday. Cash trade has yet to get kicked off this week. The Wednesday Fed Cattle Exchange online auction showed no sales on the 1,024 head offered, as bids were $233-235 live and $369 in the beef. Feeder cattle futures are up...
- Cotton Steady on Wednesday Morning
- Cotton futures are up 11 to 32 points so far on Wednesday. The US dollar index is $0.133 higher at $99.375. Crude oil is down $1.71 on the day and nearly $3.50 off the lows. The Seam showed 2,087 bales sold on Tuesday at an average of 68.17 cents/lb. The...
- Corn Posting Wednesday Midday Gains
- Corn futures are showing 2 to 4 cent gains across most contracts on Wednesday’s midday. The CmdtyView national average Cash Corn price is up 3 3/4 cents to $4.24 3/4. EPA Administrator Lee Zeldin announced a waiver this morning allowing E15 sales starting May 1 for the summer months. EIA...
- Hogs Trading Mixed on Wednesday
- Lean hog futures are mixed at midday, with front months down 15 cents and other contract higher. USDA’s national base hog price was reported at $91.27 on Wednesday morning. The CME Lean Hog Index was down another 7 cents on March 23 at $91.71. Pork stocks were reported at 403.503...
- Wheat Posting Wednesday Gains
- The wheat complex is showing strength on Wednesday. Chicago SRW futures are 3 to 5 cents higher in the front months so far on the day. KC HRW futures are trading with 9 to 10 cent gains on Wednesday. MPLS spring wheat is up 8 to 9 cents at midday....
- Soybeans Rallying Higher on Wednesday
- Soybeans are trading with 6 to 9 cent gains on Wednesday. The cmdtyView national average Cash Bean price is up 8 1/4 cents at $10.79 1/4. Soymeal futures were down $3.00 to $4.00, with Soy Oil futures up 120 to 130 points. The EPA is expected to release the RVO...
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