Commentary
- Cotton Fade Back Lower on Thursday
- Cotton prices posted losses of 30 to 38 points on Thursday, falling from early gains. Crude oil futures were up 76 cents per barrel at $59.71 on the day, with the US dollar index $0.129 high to $98.930. Export Sales data for the week ending on October 30 showed just...
- Hogs See Thursday Gains
- Lean hog futures closed the Thursday session with contracts 57 cents to $1.05 higher. USDA’s national base hog price was reported at $72.65 on Thursday afternoon, up $0.56 from the day prior. The CME Lean Hog Index was back up 6 cents on December 2 at $81.67. USDA’s Export Sales...
- Corn Pops Higher on Thursday with Continued Export Business
- Corn futures posted gains on Thursday, with contracts up 3 to 4 cents in most front months, as December was up 6 ¼. The CmdtyView national average Cash Corn price was up 4 cents on the day at $4.02 3/4. USDA reported a private export sale of 100,800 MT of...
- Cattle Extend Rally to Thursday
- Live cattle futures posted Thursday gains of $1.75 to $2.50 at the close. Cash trade kicked off on Thursday with some light action at $220 in the north. Sothern action has been limited to bids of $218. Feeder cattle futures extended the bounce back to Thursday, with contracts $3 to...
- Wheat Sees Mixed Thursday Action
- The wheat complex posted gains in the winter wheat contracts on Thursday, with spring wheat lower. Chicago SRW futures posted 2 to 3 cent gains at the close. KC HRW futures were up 4 to 5 cents, with in delivery December leading the way. MPLS spring wheat was down 3...
- Soybeans Rebound on Thursday
- Soybeans saw higher trade on Thursday, with contracts up 2 to 3 ½ cents at the close. The cmdtyView national average Cash Bean price was 3 3/4 cents higher at $10.49 3/4. Soymeal were mixed, with contracts 30 cents higher to 90 cents lower. Soy Oil futures were steady to...
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