Commentary
Hogs Face Pressure on Friday
Lean hog futures saw Friday losses of $1.15 to $1.45 across most contracts on Friday, with October up 40 cents for the week. USDA’s national base hog price was not reported on Friday due to thin volume. The CME Lean Hog Index was up another 23 cents on September 2...
Cotton Eases Lower into Labor Day Weekend
Cotton futures posted front month losses of 12 to 94 points and deferreds up 2 to 68 points, as December fell 505 points on the week. Crude oil was down 8 cents per barrel on the day, with the US dollar index up $0.240. The market will be closed on...
Soybeans Correct Lower into the Long Weekend
Soybeans posted Friday losses of 6 ½ to 12 ½ cents, as November saw a 21 ¾ cent gain on the week. The cmdtyView national average Cash Bean price was down 6 1/4 cents at $12.51 3/4. Soymeal futures were mixed as contracts were down $1.90 to 20 cents higher...
Corn Bulls Take Money Off the Table Ahead of the Three-Day Weekend
Corn futures slipped lower ahead of the long weekend, with contracts fractionally to 4 cents in the red, as December was just a tick higher over the course of the week. Money flow out ahead of the holiday weekend was likely a factor. The CmdtyView national average Cash Corn price...
Wheat Bulls Take Money Off the Table Ahead of the Holiday Weekend
The wheat complex is showing money flow come out ahead of the long weekend, the three exchanges facing pressure. Chicago SRW contracts were down 20 to 21 ½ cents on Friday, with December dropping back 50 cents this week. KC HRW futures were 11 ¾ to 15 cents lower at...
Cattle Face Some Pressure Ahead of the Long Weekend
Live cattle futures posted losses of 52 cents to $1.40 on Friday, though October held up $1.22 for the week. Cash trade saw light action this week with sales ranging from 218-220, with a few up to $222. Feeder cattle futures saw mixed trade, with contracts down $1.02 to 85...


  


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