Soybeans Post Mixed Action on Friday
The soybean market posted nearby losses of 1 to 2 cents on Friday, with July down 1 ¾ cents on the week. New crop contracts were fractionally higher, with November up a nickel this week. The cmdtyView Cash Bean price was down 1 3/4 cents to $10.00 ¼. Soymeal futures...
Cattle Head Into the Weekend with Gains
Live cattle futures rebounded higher into the weekend, with contracts up 90 cents to $1.30, as June slipped back $2.45 this week. Cash action kicked off on Thursday, with Southern sales of $218-220, steady, and $229 in the north. Feeder cattle futures posted gains of 65 cent to $1.80 on...
Cotton Fades Lower into Friday's Close
Cotton futures ended the Friday session with contracts down 50 to 70 points, as July fell 172 points this week. New crop saw less pressure, down just 100 points. Crude oil prices were up $0.79/barrel. The US dollar index was back up $0.111 to $100.840. The weekly CFTC report showed...
Corn Closes the Week on a Lower Note, as Specs Flip Bearish
Corn futures closed out the Friday session on a weaker note, with contracts down 3 to 5 cents. July slipped back 6 ¼ cents on the week, with December falling in unison and down 6 ½ cents. The front month CmdtyView national average Cash Corn price was down 4 1/2...
Wheat Fades Lower into the Weekend, As Specs Add to Shorts
The wheat market ended the week with Friday weakness. Chicago SRW futures closed out the day with losses of 7 to 8 cents this week, as July managed to gain 3 ¼ cents this week. Kansas City HRW contracts fell 11 to 12 cents on Friday, with a weekly loss...
Hogs Close Mixed on Friday
Lean hog futures saw mixed action on Friday, with nearby June down 37 cents and other contracts up 5 to 30 cents. June managed to pull out a $2.75 gain this week. USDA’s national average base hog negotiated price was reported at $88.10 on Friday afternoon down $6.69 from the...
Corn Weakness Extends to Friday’s Midday
Corn futures are trading with contracts 3 to 4 cents in the red so far on Friday. The front month CmdtyView national average Cash Corn price was down 3 ¼ cents at $4.17 ¾. Precipitation over the next week covers much of the Corn Belt. While some areas in the...
Cattle Rebounding on Friday
Live cattle futures are rebounding on Friday, with contracts up 85 cents to $1.32. Cash action kicked off on Thursday, with Southern sales of $218-220, steady, and $229 in the north. Feeder cattle futures are showing gains of $1.20 to $2.20 at midday. The CME Feeder Cattle Index was down...
Cotton Falling Lower on Friday
Cotton futures are trading at Friday’s midday, with losses of 55 points in the front months, as thinly traded October is up 8 points. Crude oil prices are back up $0.84/barrel. The US dollar index is back up $0.261 to $100.995. After USDA’s Export Sales report on Thursday, commitments of...
Soybeans Posting Mixed Trade
The soybean market is trading with contracts down 1 to 3 cents in the front months and new crop contracts up fractionally. The cmdtyView Cash Bean price was down 3 1/2 cents to $9.98 ½. Soymeal futures are down $4.10/ton so far on the day, with Soy Oil futures down...
Wheat Falling on Friday
The wheat market is trading with contracts weaker on Friday. Chicago SRW futures are trading with contracts down 7 to 8 cents so far on Friday. Kansas City HRW contracts are falling 10 to 11 cents at the midday part of the session. Minneapolis spring wheat futures are down 4...
Hog Traders Mixed on Friday
Lean hog futures are trading mixed at midday, with contracts 17 cents lower to 40 cents higher. USDA’s national average base hog negotiated price was not reported on Friday morning due to light volume, with a 5-day rolling average at $93.73. The CME Lean Hog Index was up 25 cents...
Wheat Steady to Start Friday
Wheat is holding close to unchanged on Friday morning. The wheat market posted higher trade on Thursday, with all three exchanges gaining steam. Chicago SRW futures were up 7 to 8 cents across most contracts at the close. Thursday’s Preliminary open interest was down 2,292 contracts. Kansas City HRW futures...
Soybeans Slipping Early on Friday, as Oil Losses Continue
The soybean market is trading with weakness so far on Friday morning as bean oil pressure continues. Futures are down 1 to 3 cents. Soybeans were under pressure for much of the Thursday session with contracts down 25 to 28 cents at the close, pressured by losses in bean oil....
Hog Traders Look to Round Out Week
Lean hog futures posted gains on Thursday, with contracts up $1.67 to $1.85 in the nearbys. Preliminary open interest was up 6,551 contracts. USDA’s national average base hog negotiated price was reported at $94.79 on Thursday afternoon, up $1.18 from the week prior. The CME Lean Hog Index was up...