Hogs Continuing Higher Movement on Wednesday
Lean hog futures are trading with 72 to 92 cent gains across most contracts. USDA’s national base hog price was reported at $109.00 in the Wednesday AM report, down 6 cents from the day prior. The CME Lean Hog Index was down 41 cents on August 25 at $106.86. USDA’s...
Cattle Rally Continuing on Wednesday
Live cattle futures are posting $1.75 to $2.72 higher across the nearby contracts. Cash trade has been quiet so far this week, with a few bids of $245 in the north reported and light sales of $240 in KS on Tuesday. This morning’s Fed Cattle Exchange online auction showed a...
Cotton Sticking Close to Unchanged on Wednesday
Cotton futures are trading with contracts within 4 points of unchanged, as thinly traded October is down 41 points. The outside markets are supportive factors, as the US dollar index is back down $0.062 on the day to $98.065, with crude oil futures $0.60 higher. The Seam reported a total...
Wheat Losses Continuing at Midday on Wednesday
The wheat market is showing losses across all three markets on the Wednesday midday. CBT soft red wheat futures are 7 to 8 cents lower on Wednesday. KC HRW futures are posting losses of 5 to 7 ½ across the front months at midday. MPLS spring wheat is down 8...
Corn Falling Back Lower on Wednesday
Corn futures are down 3 to 4 cents across the front months at midday. Preliminary open interest was down 22,441 contracts on Tuesday, mainly due to September liquidation (-47,405 contracts) ahead of First Notice Day on Friday. The CmdtyView national average Cash Corn price is down 4 1/4 cents at...
Soybeans Weaker at Midday
Soybeans are posting fractional to 2 cent losses across the front months on Wednesday. The cmdtyView national average Cash Bean price is down 1 ¼ cents at $9.76. Soymeal futures are $6 lower at midday, with Soy Oil futures down 20 points. USDA’s Export Sales report is expected to show...
Cotton Steady on Wednesday Morning
Cotton price action is steady to 8 points lower on Wednesday AM trade. Futures were down 52 to 61 points on the Tuesday session. The outside markets were mixed factors, as the US dollar index is back down $0.183 on the day to $98.135, with crude oil futures $1.49 lower....
Corn Bears Taking Some Back Early on Wednesday
Corn price action is down 1 to 2 cents so far on Wednesday morning. Futures fell back on Tuesday with contracts down 1 to 3 ¼ cents across most nearbys. Preliminary open interest was down 22,441 contracts on Tuesday, mainly due to September liquidation (-47,405 contracts) ahead of First Notice...
Cattle Look to Wednesday After Hitting All Time Highs on Tuesday
Live cattle futures posted gains of $1.30 to $2.30 across the front months on Tuesday, hitting new all-time highs on the front month continuation chart. Preliminary open interest was up 2,482 contracts on Tuesday. Cash trade was quiet on Monday, mostly compiling showlists. Last week saw northern dressed action at...
Wheat Exploring New Lows in KC
Wheat is trading with losses across all three markets on Wednesday morning. The wheat complex posted some mixed trade across the three exchanges, as the Chicago market was the strongest of the three. CBT soft red wheat futures were up 2 to 3 cents on the day. Preliminary open interest...
Hog Traders Look to Wednesday Following Tuesday Strength
Lean hog futures saw a rally of 62 cents to $2.02 across the front months on Tuesday. Preliminary open interest showed new buying interest, up 4,875 contracts. USDA’s national base hog price was reported at $108.40 in the Tuesday PM report, up $2.73 from the day prior. The CME Lean...
Soybeans Mixed in Early Wednesday Action
Soybeans are trading with mixed action on Wednesday morning. Futures closed the Tuesday session with some slight turnaround action, as contracts were up 1 to 3 ¼ cents. The cmdtyView national average Cash Bean price was up 1 ¼ cents at $9.77 1/4. Soymeal futures posted gains of $1.50 to...
Hogs Posts Gains on Tuesday, as Negotiated Cash Sees Strength
Lean hog futures saw a rally of 62 cents to $2.02 across the front months on Tuesday. USDA’s national base hog price was reported at $108.40 in the Tuesday PM report, up $2.73 from the day prior. The CME Lean Hog Index was down 54 cents on August 22 at...
Wheat Closes Mixed as Chicago Firms Up
The wheat complex posted some mixed trade across the three exchanges, as the Chicago market was the strongest of the three. CBT soft red wheat futures were up 2 to 3 cents on the day. KC HRW futures closed the session with losses of 3 to 4 cents. MPLS spring...
Cattle Bulls Resume March to New Highs on Tuesday
Live cattle futures posted gains of $1.30 to $2.30 across the front months on Tuesday, hitting new all-time highs on the front month continuation chart. Cash trade was quiet on Monday, mostly compiling showlists. Last week saw northern dressed action at $385-392 and live trade at $245, with southern trade...