Morris, Illinois (60450)
- Corn Futures Fall Double Digits
- Going into the weekend, corn futures closed 15 1/4 to 31 cents in the red. May futures expired at $6.85/bushel leaving a 42 cent expiration gap inverse to July. New crop prices tightened the inverse on Friday, as December is now $1.01 below July. China purchased 1.36 MMT of new...
- Hogs Close with Triple Digit Losses
- Front month lean hog futures closed the last trade day of the week with triple digit losses, which for June contracts pushed prices to $6 below the 5/6 high. May hog futures expired at $111.15 – which is $2.42 above where June went home. USDA’s National Average Afternoon Base Hog...
- Soy Futures Close Higher on Friday
- Front month soybean futures ended the last trade day of the week with 2 1/4 to 9 cent gains – led by new crop. May beans expired 17 1/2 cents above July at $16.03 3/4. Meal futures closed the session in the red, with losses of $2.70 to $2.90/ton. May...
- Triple Digit Losses for Cotton
- Cotton futures added another triple digits to the downside on Friday, closing 209 to 255 points lower. For July that completed the week’s trade 7.23 cents below last Friday’s close. NOAA’s updated 7-day QPF shows cotton area in N.E. TX and OK may get 2” accumulated rainfall or more. Most...
- Cattle Futures Weaken on Friday
- Live cattle futures added to the downside with another 30 to 80 cent losses on Friday. June had 6 consecutive days of gains for a $6.88 swing prior to Thursday and Friday’s drop. USDA confirmed some $120 catchup cash business in NE on Friday, matching the bulk for the week...
- Wheat Closed Mixed on Friday
- The midday wheat recovery faded, leaving the complex mixed for the weekend. CBT futures held on to 3 3/4 to 5 3/4 cent gains, with May expiring at $7.27 1/4 per bushel. HRW futures ended fractionally lower. May HRW closed at $5.61 3/4. MGE wheat futures were also fractionally lower...