Commentary
- Corn Slipping Lower on Tuesday
- Corn futures are in the red on Tuesday’s midday, with contracts down 1 to 2 cents across most front months. The CmdtyView national average Cash Corn price is down a penny to $3.93 1/2. EIA data will be released on Wednesday morning, with some analysts looking for ethanol production to...
- Cattle Mixed on Tuesday’s Midday
- Live cattle futures are trading with 47 cent gains in the February as other contracts are steady to 20 cents lower. Cash trade has been quiet so far this week, with last week at $246-249 in the North and some southern trade up to $249. Feeder cattle futures are up...
- Hogs Rallying on Tuesday
- Lean hog futures are trading with $1.6 to $1.95 gains in the front months. USDA’s national base hog price was not reported on Tuesday morning, with the 5-day rolling average at $89.33. The CME Lean Hog Index was 22 cents higher on Feb 20 at $88.17. USDA’s pork carcass cutout...
- Cotton Rebounding on Tuesday
- Cotton futures are showing 50 to 65 point gains across most contracts on Tuesday, with March down 41 points on thin trade. Crude oil futures are down 52 cents per barrel on the day at $65.81. The US dollar index is up $0.069 at $97.710. The Seam showed sales of...
- Soybeans Back to Higher Trade on Tuesday Morning
- Soybeans are trading with 5 to 6 cent gains across most contracts on Tuesday. The cmdtyView national average Cash Bean price is down 5 cents at $10.74 1/4. Soymeal futures are up $1 to $2 in the front months, with. Soy Oil futures up 70 points. ANEC estimates the Brazilian...
- Wheat Slipping Lower on Tuesday
- The wheat complex is slipping lower across all three markets at midday, but bouncing off early lows. Chicago SRW futures are steady to 2 cents lower. KC HRW futures are down 4 to 5 cents in the front months on Tuesday. MPLS spring wheat are fractionally to 2 cents weaker...
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