Hogs Look to Monday Trade Following Friday Weakness
Lean hog futures slipped back lower on Friday, with contracts down 20 cents to $1.05, as October was still up $1.10 last week. Preliminary open interest was up 4,856 contracts on Friday. USDA’s national base hog report from Friday afternoon saw trade averaging $103.94, down $3.35 from the day prior....
Cotton Easing Back Lower on Monday Morning
Cotton price action is down 17 to 21 points early on Monday morning. Futures reversed higher on Friday, with most contracts up 10 to 12 points, as December was 80 points in the green. The US dollar index was up $0.127 on the day to $97.655 with crude oil futures...
Wheat On the Positive Side of Unchanged to Kick Off Monday
Wheat is showing slight gains so far on Monday morning, with spring wheat a little weaker. The wheat complex saw Friday gains, as USDA gave a friendlier US number. CBT soft red wheat futures were 2 to 3 cents in the higher at the close, with December up 4 ¼...
Corn Pulling Back on Monday Morning Following Friday Rally
Corn price action is down 3 to 4 cents so far. Futures closed with strength on Friday, as contracts were up 10 to 11 cents in the front months. Preliminary open interest rose 22,325 contracts suggesting new buying interest. December managed to close with a 12 cent gain last week....
Cattle Look to New Week Following Losses
Live cattle futures resumed some selling into the Friday close, with contracts $2 to $2.30 in the red and October down $6 last week. Preliminary open interest was up 4,104 contracts on Friday. Cash activity narrowed in at $240 across the country down $2 from last week. Feeder cattle futures...
Soybeans Slipping Back in Monday Morning
Soybeans are trading with fractional losses on Monday AM. Futures posted 12 to 13 cent gains in the front months on Friday, as November was up 19 ¼ cents on the week. Preliminary open interest was up 2,351 contracts on Friday. There were 20 deliveries against the expiring September contract...
Cotton Close Higher as USDA Leaves Balance Sheet with Minimal Changes
Cotton futures reversed higher on Friday, with most contracts up 10 to 12 points, as December was 80 points in the green. The US dollar index was up $0.127 on the day to $97.655 with crude oil futures $0.25 higher. Weekly CFTC data indicated spec traders adding 2,536 contracts to...
Hogs End Friday with Weakness
Lean hog futures slipped back lower on Friday, with contracts down 20 cents to $1.05, as October was still up $1.10 this week. USDA’s national base hog report from Friday afternoon saw trade averaging $103.94, down $3.35 from the day prior. The CME Lean Hog Index was back up 11...
Soybeans Post Friday Gains, Despite Larger US Stocks
Soybeans posted 12 to 13 cent gains in the front months on Friday, as November was up 19 ¼ cents since last Friday. The cmdtyView national average Cash Bean price was up 13 cents at $9.70 1/4. Soymeal futures were up 60 cents to $1.50, with October up $7.10 on...
Wheat Sneaks Out Gains Heading into the Weekend
The wheat complex saw Friday gains, as USDA gave a friendlier US number. CBT soft red wheat futures were 2 to 3 cents in the higher at the close, with December up 4 ¼ cents this week. KC HRW futures were up 4 to 5 cents across the front months,...
Cattle Fall Lower into the Weekend
Live cattle futures resumed some selling into the Friday close, with contracts $2 to $2.30 in the red and October down $6 this week. Cash activity narrowed in at $240 across the country down $2 from last week. Feeder cattle futures closed out Friday falling $4.82 to $7.25 lower in...
Corn Rallies on Friday Despite Increased Production Estimate
Corn futures closed with strength on Friday, as contracts were up 10 to 11 cents in the front months. December managed to close with a 12 cent gain this week. The CmdtyView national average Cash Corn price as up 10 1/2 cents at $3.85 1/2. USDA’s monthly Crop Production report...
Wheat Holding Losses Post USDA Report
The wheat complex closed Thursday, with contracts higher across the three exchanges. CBT soft red wheat futures are 4 to 5 cents in the red at midday. KC HRW futures are down 1 to 2 cents across the front months. There was a single delivery issued overnight against September KC...
Cattle Falling Lower at Midday on Friday
Live cattle futures are resuming some selling, with contracts $1.35 to $1.75 in the red. Cash activity so far this week has been $238-240 in the North, down $2-5 from last week, with Southern deals at $240. This morning’s Fed Cattle Exchange online auction showed $240 sales on 81 of...
Corn Holding Steady Following Another Acreage Hike
Corn futures are showing fractional gains so far on the Friday session, following another acreage increase to a now record number. There were 48 deliveries issued against September corn futures overnight. The CmdtyView national average Cash Corn price is up 1/2 cent at $3.76 1/2. USDA’s monthly Crop Production report...
