Commentary
- Wheat Close the Week with Slight Gains
- The wheat complex held on for marginal gains to head into the long weekend. Chicago SRW futures saw fractional to 2 cent gains on the day, with May down 6 ¾ cents on the week. KC HRW futures were 2 to 3 1/2 cents higher on Thursday, as May fell...
- Soybeans Ease Lower on Thursday
- Soybeans saw losses of 1 to 5 ¼ cents in most contracts on Thursday, as May saw a 4 ¼ cent gain this week. The cmdtyView national average Cash Bean price was down 5 1/2 cents at $10.94. Soymeal futures were down $3.00 to $4.20, as May was down 10...
- Cotton Settles Mixed to Close the Week
- Cotton futures were up 16 points to down 21 points at the Thursday close, as May was up 146 points this week. The US dollar index was $0.402 higher at $99.860. Crude Oil was up $11.94 at $112.06, after President Trump’s address the nation on Wednesday night that indicated 2-3...
- Cattle Rally on Thursday, as Cash Strength Takes Control
- Live cattle futures posted 65 cent to $2.15 gains on Thursday, with April $7.70 higher on the week. Cash trade got kicked off with strength on Thursday, with trade at $245 across the country, up $10 from last week. The Thursday morning Fed Cattle exchange showed no sales on the...
- Hogs Face Pressure into the Long Weekend
- Lean hog futures were 20 to 77 cents higher on Thursday, as April slipped 42 cents this week. USDA’s national base hog price was reported at $90.35 on Thursday afternoon, up 18 cents from the day prior. The CME Lean Hog Index was down another 4 cents on March 31...
- Corn Heads into the Long Weekend Mixed
- Corn futures headed into the long weekend, with some front month weakness as money was being taken off the table. Old crop contracts were fractionally to 2 cents lower, as new crop was steady to fractionally higher. May was down 9 ¾ cents this week, with December dropping 9 cents....
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