Commentary
Midweek Cotton Red in AM
Cotton is trading with a mixed AM of 20-80 points red for the active months and 20-80 points higher for the lighter traded contracts. Cotton prices ended the Tuesday session up by 18 to 55 points after having spent time on both sides of UNCH. The Dec contract stayed inside...
Lean Hog Futures Resumed the Rally on Tuesday
Front month lean hog futures gapped higher and proceeded to rally as much as 4.96%. The July contract led the way and is back to a premium over the June contract. USDA’s PM National Average Base Hog price was $92.13 on Tuesday, up by $6.84. The CME Lean Hog Index...
Strong Cash Cattle Trade in WCB During June Deliveries
The live cattle futures market ended the day with $1.42 to $2.67 gains and saw new all time highs above $180. USDA confirmed Tuesday’s cash trade was $3-$5 higher with WCB sales near $190 and $288-$292 in the beef. The weekly FCE auction listed 1,282 head and sold 163 CO...
Wheat Board Mixed in AM Action
AM wheat quotes are mixed, as Chicago SRW is 2 to 5 cents higher though the HRW and HRS markets are fractionally to 2 cents in the red. Overnight CBT SRW futures saw two spike high attempts, ultimately leaving a 15 1/4 cent range for July. Chicago wheat futures ended...
Back and Forth Overnight has Soybeans Mixed
So far Wednesday’s soy session is mixed. Old crop beans dropped to -3 cents at the low overnight and spiked to +12, compared to the -8 3/4 to +3 1/2 swing in new crop soybeans overnight. The current market has July a nickel higher compared to Nov a penny weaker....
Corn Mostly Lower into Day Trade
Corn prices started of Wednesday with overnight weakness, as Dec dropped to as much as 6 cents lower. A short lived rally took the market back to UNCH, but the AM quotes are back to 4-5 cents in the red. July futures are holding onto a fractional gain. After a...

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