Commentary
- Cotton Closes Red into Weekend
- Front month cotton futures closed Friday’s session with 29 to 83 point losses. For the week, May cotton was still a 6.24 cents per pound higher and Dec was a nickel higher. During the month of March, May traded within a 10.55 cent range and ended at a 1.25 cent...
- Lean Hogs React Mixed to H&P
- Following the quarterly Hogs and Pigs update from NASS, lean hog futures ended with a triple digit loss in April to a new contract low and an 80 cent gain in the October contract. That spreading was influenced by the 8-yr low in Mar-May farrowing intentions from the report, as...
- Cattle Close Near New Highs
- The May feeder cattle contract missed out on new contract highs set across the rest of the live cattle and feeder futures. For April live cattle the 80c gain on Friday left the contract at a net $5.35 gain for the week and a $2.87 gain for the month. During...
- CBT Wheat Climbed Back to Break Even
- Friday’s close left the CBT SRW contracts within a half cent of UNCH for the session. May SRW ended the week on a net 3 3/4 cent gain and a 13 1/4 cent loss for the month of March. New crop July SRW printed a 70 1/4 cent range during...
- Soybeans Rally Back to $15
- The bean market ended the last trade day of the week near their highs on double digit gains. May prices closed back above the $15 mark for the first time since March 10th. May closed 77 cents higher for the week and ended the month with a net 26 1/2...
- Mixed Report Day for Corn Futures
- May corn closed 4c off its high for the day with an 11 cent rally out of the reports. July corn futures also settled near the high on an 8 3/4 cent gain. For the week, old crop prices were 13 to 17 1/2 cents higher. The month of March...
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