Commentary
- Corn Rallies on Wednesday
- Corn futures posted 4 ¾ to 8 ¼ cent gains across most contracts on Wednesday. The CmdtyView national average Cash Corn price was up 8 1/2 cents at $4.14 3/4. Some premium may have been put in the market as rain is expected over the next week in the central...
- Soybeans Post Strength on Wednesday
- Soybeans were in rally mode on the midweek session, with contracts 9 to 11 cents higher at the close. The cmdtyView national average Cash Bean price was up 11 cents at $11.01 3/4. Soymeal futures were $1.10 to $4.70 higher on the day, with Soy Oil futures up steady to...
- Wheat See Marginal Strength on Wednesday
- The wheat complex posted marginal gains on Wednesday with contracts higher across the three exchanges. Chicago SRW futures were fractionally to 3 cents higher. KC HRW futures saw 2 ¼ to 3 ¼ cent gains. MPLS spring wheat was 1 to 2 ¼ cents higher. Export Sales data will be...
- Cotton Rallying on Wednesday
- Cotton was in rally mode, with contracts up 77 to 137 points at the close on Wednesday. The US dollar index was $0.033 lower at $97.875. Crude oil was up 12 cents on the day. The Seam showed 5,245 bales sold on 4/14 at an average of 72.10 cents/lb. The...
- Cattle Post Midweek Losses
- Live cattle futures were down 35 cents to $1.40 on Wednesday, with April up a nickel. There were 3 deliveries for April live cattle in Dodge City. Cash trade has been quiet so far this week, with a few $248 sales in the South, as last week was $246-249 in...
- Hogs Slip Lower on Wednesday
- Lean hog futures were steady to 50 cents lower on Wednesday, with expiring April up 20 cents. USDA’s national base hog price was reported at $91.88 on Wednesday afternoon, up $1.11 from the day prior. The CME Lean Hog Index was back up 6 cents on April 13 at $90.33....
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