Hogs Close Mixed on Friday
Lean hog futures ended the week mixed, with contracts up 60 cents to a nickel lower, as July was up $2.375 on the week. USDA’s national average base hog negotiated price was reported at $104.95 on Friday morning, down $1.00 from the day prior. The CME Lean Hog Index was...
Cattle Fall on Friday as Cash Takes a Breather
Live cattle futures posted Friday losses of $3.10 to $4.50, as pressure from a weaker equity market added to a risk off approach. June slipped back $1.20 this week. Cash trade has been reported at $235 in TX and $233-238 KS so far this week. Northern trade was $380 dressed...
Soybeans Rallies as RVO Proposal Pushes Bean Oil Up the Limit
The soybean market was well supported on Friday, following the EPA's release from this morning. Contracts closed the session with gains of 25 to 28 cents across the nearbys. That helped to push the nearby July contract in the green on the week, with a gain of 12 1/2 cents,...
Wheat Joins the Rally on Friday to Ease Week’s Losses
The wheat complex was in rally mode across the across the three exchanges on Friday. Chicago SRW futures were up 17 to 18 cents on the day, with July slipping back over the course of the week. Kansas City HRW contracts were also 17 to 18 cents higher at the...
Corn Pushes Gains into Friday’s Close
Corn futures closed out Friday trade with some strength, as July was 6 cents higher and some new crop contracts posting 2 to 3 cent gains. July corn closed the week with a 2 cent pop, with December slipping back 6 1/4 cents on the week. The front month CmdtyView...
Cotton Close Out Friday with Gains
Cotton futures posted marginal 22 to 45 point gains on Friday, with some help from the outside markets. July was down 26 points this week, with December closing 37 points lower. Crude oil was up $5.27/barrel on Friday, following Israel strikes on Iran overnight. The US dollar index was back...
Hogs Posting Mixed Trade
Lean hog futures are mixed on Friday, with nearbys up 10 to 50 cents and other contracts weaker. USDA’s national average base hog negotiated price was reported at $104.05 on Friday morning, down $1.14 from the day prior. The CME Lean Hog Index was up 84 cents on June 11,...
Cotton Posting Strength with Outside Support
Cotton futures are up 29 to 65 points so far on Friday, with some help from the outside market. Crude oil is up $4.16/barrel at midday following Israel strikes on Iran overnight. The US dollar index is back up $0.129 to $98.03. Weekly Export Sales data from USDA shows commitments...
Corn Joining in on Friday’s Buying
Corn futures are trading with 2 to 5 cent gains on Friday, in a seemingly reluctant (compared to other grains) pop into the weekend. The front month CmdtyView national average Cash Corn price is up a nickel at $4.20. Crude oil is backing off the overnight highs, with gains of...
Soybeans Rallying on RVO News
Soybeans are trading with Friday midday gains of 24 to 27 cents at midday, following the bean oil market. The cmdtyView Cash Bean price is 25 1/2 cents higher to $10.20 1/4. Soymeal futures are down $1.80/ton, as Soy Oil is leading the charge for the complex with limit 3...
Cattle Falling on Friday
Live cattle futures are trading with $2.10 to $3.50 losses so far on Friday, as pressure from a weaker equity market is adding to a risk off approach. Cash trade has been reported at $235 in TX and $233-238 KS so far this week, with dressed action at $380 in...
Wheat Rallying Double Digits on Friday
The wheat complex is polishing off the week with gains across the three exchanges. Chicago SRW futures is up 16 to 17 cents so far on the day. Kansas City HRW contracts are 15 to 16 cents higher at midday. Minneapolis spring wheat futures are up 10 to 11 cents...
Cotton Edging Higher on Outside Market Support
Cotton price action is up 2 to 13 points on Friday morning. Futures posted losses of 18 to 33 points on Thursday, despite a fairly bullish WASDE report. Crude oil is up $5.65/barrel this morning following Israel strikes on Iran overnight. The US dollar index is back up $0.534 to...
Hogs Shift Focus to Friday Trade
Lean hog futures settled Thursday with contracts down 27 to a nickel higher. Preliminary open interest was up 2,163 contracts. USDA’s national average base hog negotiated price was reported at $105.95 on Thursday afternoon, down $1.38 from the day prior. The CME Lean Hog Index was up 94 cents on...
Wheat Posting Friday Morning Gains
Wheat is trading with contracts showing some strength on Friday morning. The wheat complex posted mixed action on Thursday, as winter wheat contracts gave into weakness. Chicago SRW futures posted losses of 7 to 8 cents on the day. Thursday’s Preliminary open interest was down 4.954 contracts. Kansas City HRW...