Commentary
- Soybeans Back to Higher Trade on Monday Morning
- Soybeans are trading 5 to 7 cents in the green so far on Monday morning. Futures saw fractional losses in some deferreds, with nearbys down 7 ¾ cents on Friday. July was down 9 ¾ cents last week. The cmdtyView national average Cash Bean price was down 9 1/4 cents...
- Cattle Look to New Week Following Friday Weakness
- Live cattle futures were $1.50 to $2.40 lower on Friday, with June down $1.05 last week. Open interest suggested long liquidation, down 3,021 contracts Cash trade picked up on Friday to $255-258 across the country. Feeder cattle futures were down $4.60 to $5.02 in most contracts on Friday with August...
- Corn Starting Off June with Steady Trade
- Corn price action is firm to fractionally higher so far on Monday morning. Futures posted 2 to 9 cent losses across the board on Friday with money coming out at month-end. July fell 16 ½ cents last week. Open interest was up 4,456 contracts, with 11,644 contracts exiting July. The...
- Hogs Look to Start June Trade on Monday
- Lean hog futures were down 80 cents to $2.62 at the close, as June was up just a dime on the week. Open interest was up 830 contracts on Friday. USDA’s national base hog price was reported at $93.23 on Friday afternoon, down 41 cents from the day prior. The...
- Wheat Holding higher on Monday AM Trade
- Wheat is trading with Monday morning gains of 2 to 4 cents across most contracts. The wheat complex fell double digits across most contracts on Friday. Chicago SRW futures were down 10 to 13 cents in most contracts, with July down 35 ¾ cents last week. Open interest rose 597...
- Cotton Posting Monday AM Gains
- Cotton prices are up 63 to 87 points so far on Monday after gapping higher overnight, Futures were down 10 to 62 points in the front months, with other contracts up 6 to 26 points. July was down 127 points last week, with December up 26 points. The US dollar...
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