Commentary
Hogs Slip Lower on Monday, as Traders Look to Tuesday
Lean hog futures are trading with losses of 75 cents to $1.12 at the close, with July 35 cents higher. Open interest suggested modest new selling interest, up 3,225 contracts. USDA’s national base hog price was reported at $93.86 on Monday afternoon, up 63 cents from the day prior. The...
Cattle Look to Tuesday Following Monday Gains
Live cattle futures saw gains of 75 cents to $2.05 across the board on Monday. Cash trade felt softer last week to $255-258 across the country. Feeder cattle futures were $3.12 to $3.625 higher on the Monday session. The CME Feeder Cattle Index was back down $6.26 on May 29...
Corn Starting Tuesday with Modest Weakness, Despite Lower Crop Ratings
Corn price action is fractionally to 2 cents lower so far on Tuesday morning. Futures posted losses of 2 to 3 cents in the front months, with a few deferred contracts fractionally to 1 ½ cents higher. Open interest was up 11,996 contracts on the day, implying new selling interest....
Wheat Slipping Lower on Tuesday AM Trade
Wheat is trading with continued weakness on Tuesday morning, down 3 to 8 cents. The wheat complex saw losses across all three markets on Monday. Chicago SRW futures were fractionally to 2 ¾ cents lower on the day. Open interest was up 3,242 contracts. KC HRW futures were 2 to...
Soybeans Fading Weaker Condition Ratings on Tuesday Morning
Soybeans are down 1 to 2 cents in the front months on Tuesday AM trade. Futures closed the Monday session with contracts down 1 to 6 cents. Open interest was up 5,207 contracts on Monday. The cmdtyView national average Cash Bean price was down 3 3/4 cents at $11.21 1/4....
Cotton Extending Rebound on Tuesday Morning
Cotton prices are up 60 to 93 points so far on Tuesday morning. Futures were up 36 to 62 points in most contracts on Monday. The US dollar index was $0.288 lower at $98.140. Crude Oil as up $5.26 at the close. The weekly NASS Crop Progress report showed 66%...


  


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