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Commentary
- Soybeans Closed Higher on Wednesday
- Beans closed up by 4 ½ to 8 cents in the black for the midweek session. That left Nov near the highs for the day, and limited the week’s net loss to 20 cents. Soymeal futures closed $5.70 higher on the day leading the complex. Soybean Oil futures were down...
- Wheats Close Mostly Higher on Wednesday
- U.S. wheat futures were mixed on Wednesday, but were mostly stronger. CBT SRW futures ended the day 3 ½ to 4 ¾ cents higher. MGE HRS futures went home 2 ¾ to 4 cents higher. HRW futures settled the day with 1 ¾ cent gains in the new crop contracts,...
- Cotton Closes Lower on Wednesday
- Front month cotton futures closed 3 to 69 points in the red on Wednesday. That ended the session after a 116 point range for December contracts. The Cotlook A Index for 9/18 was down by 155 points to 96.95 cents/lb. The AWP for cotton was lowered 1.6 cents to 71.95...
- Corn Prices Close in the Black
- Corn futures ended the midweek trade session 4 ½ to 6 ½ cents higher. That left the Dec contract near the highs for the day, and at a 6c gain for the week. Going into the weekly Export Sales report, traders are looking for between 550k MT and 1.1 MMT...
- Cattle Rally on Wednesday
- Front month fat cattle closed the midweek session with gains of $0.92 to $1.27. The feeder cattle futures were $0.55 to $1.30 higher on the day. Cash trade remains light for the week, with USDA confirming $184-$186 for the WCB in the few confirmed trades. The CME Feeder Cattle Index...
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