Cattle Look to Tuesday Trade after Monday Rally
Live cattle futures were $1.50 to $2.15 higher into the close on Monday. Preliminary open interest was down 1,079 contracts. Cash trade settled in last week $218-220 in the South, with northern action at $225-228. Feeder cattle futures were in a rally mode on Monday, with gains of $5.12 to...
Hogs Shift Focus to Tuesday Following Monday Strength
Lean hog futures saw gains on Monday, with contracts up anywhere from 35 cents to $2.05. Preliminary open interest was up 6,894 contracts on Monday. USDA’s national average base hog negotiated price was reported at $95.29 on Monday afternoon, up $0.82 The CME Lean Hog Index was down 8 cents...
Corn Pressure Continues as Planting Pace Continues
The corn market is trading with contracts down 2 to 4 cents across the front months. Futures fell back from the higher post-USDA report trade on Monday, with nearbys slipping 1 to 2 cents. New crop contracts were 3 to 4 cents in the green at the close. Preliminary open...
Cotton Looking at Higher Trade on Tuesday AM
Cotton prices are trading with 25 to 66 point gains early on Tuesday morning. Futures fell back from the early session high, but held onto gains on Monday of 2 to 18 points into the close. Crude oil prices posted gains of $1.10/barrel. The US dollar index was back up...
Wheat Losses Extend to New Lows
The wheat market is looking at new lows on Tuesday morning, with losses across the board. Wheat futures fell lower across the three exchanges on Monday, pressured by less than bullish USDA data. Chicago SRW futures were 6 to 7 cents in the red on the Monday session. Tuesday’s preliminary...
Soybeans Pulling Back on Tuesday Morning
The bean market is showing weaker trade early on Tuesday, down 4 to 6 cents. Soybeans closed out the Monday session with contracts rallying 20 to 27 cents. Preliminary open interest showed net new buying, up 16,325 contracts. The cmdtyView Cash Bean price was up 19 3/4 cents to $10.60....
Soybeans Rally on Tuesday Following Weekend Trade Talks and Friendly USDA Data
Soybeans closed out the Monday session with contracts rallying 20 to 27 cents. The cmdtyView Cash Bean price was up 19 3/4 cents to $10.60. Soymeal futures were up $3.90 to 4.90 so far on the day, with Soy Oil futures rallying 126 to 137 points into the close. USDA...
Cattle Rally on Monday Following Trade Talks and Import Suspension
Live cattle futures rallied $1.50 to $2.15 into the close on Monday. Cash trade settled in last week $218-220 in the South, with northern action at $225-228. Feeder cattle futures were in a rally mode on Monday, with gains of $5.12 to $6.10 in the front months. The CME Feeder...
Corn Pulls Back to Close Mixed Despite Bill Friendly USDA Data
Corn futures fell back from the higher post-USDA report trade on Monday, with nearbys slipping 1 to 2 cents. New crop contracts were 3 to 4 cents in the green at the close. The nearby CmdtyView national average Cash Corn price was down 1 1/2 cents at $4.19 1/2. Crop...
Hogs Post Gains on Monday
Lean hog futures saw some strength on Monday, with contracts up anywhere from 35 cents to $2.05. USDA’s national average base hog negotiated price was reported at $95.29 on Monday afternoon, up $0.82 The CME Lean Hog Index was down 8 cents on May 8, at $89.99. The meeting between...
Cotton Holds onto Gains on Monday
Cotton futures fell back from the early session high, but held onto gains on Monday of 2 to 18 points into the close. Crude oil prices posted gains of $1.10/barrel. The US dollar index was back up $1.462 to $101.630. Crop Progress data showed 28% of the US cotton crop...
Wheat Falls Lower on Monday
Wheat futures fell lower across the three exchanges on Monday, pressured by less than bullish USDA data. Chicago SRW futures were 6 to 7 cents in the red on the Monday session. Kansas City HRW futures were facing pressure with contracts closing with 9 to 10 cent losses. Minneapolis spring...
Hog Bulls Gaining Ground Following Weekend Trade Talks
Lean hog futures are popping higher so far on Friday, with 27 cents to $1.90 in the nearbys. USDA’s national average base hog negotiated price was reported at $94.33 on Monday morning, down $0.45. The CME Lean Hog Index was down 8 cents on May 8, at $89.99. The meeting...
Cotton Still Showing Gains at Midday
Cotton prices are showing gains at midday on Monday of 27 to 65 points, pulling back off of some early strength. Crude oil prices are trading with gains of $1.22/barrel. The US dollar index is back up $1.447 to $101.615. The meeting between US and China trade reps saw progress,...
Corn Higher Following USDA Release
Corn futures are holding onto midday gains so far on Monday, with a friendlier than expected USDA report. Contracts are 2 to 5 cents higher. There were 12 deliveries issued against May on Friday night. They expire on Wednesday. The nearby CmdtyView national average Cash Corn price is us 2...