Soybeans Leaking with Ratings Strength
Soybeans are showing midday losses of 3 to 5 cents on Tuesday as contracts revert from early morning gains. The cmdtyView national average Cash Bean price is down 4 cents at $9.57 3/4. Soymeal futures are down $3/ton, as Soy Oil is 60 to 65 points higher. Monday afternoon’s Crop...
Cotton Holding Higher on Tuesday
Cotton futures are showing 40 to 81 point gains across most contracts on Tuesday. Crude oil is down $0.69/barrel at $66.29, with the US dollar index $0.597 higher to $98.360. Weekly Crop Progress data showed a total of 61% of the US cotton crop squaring, with 23% setting bolls. Condition...
Cattle Rallying Back on Tuesday
Live cattle futures are rallying $2.05 to $2.325 at midday. Cash trade has yet to get kicked off this week, after strengthening to $228-$230 in the South and $240-241 in the North. Feeder cattle are showing a Turnaround Tuesday bounce at midday, with contracts up $2.70 to $2.90. The CME...
Hogs Mixed at Midday
Lean hog futures are mixed at midday on Tuesday with contracts within 65 cents of unchanged. July expires today. USDA’s national base hog price was reported at $110.36 on Tuesday morning. The CME Lean Hog Index was back up 15 cents at $107.25 on July 11. USDA’s FOB plant pork...
Corn Posting Turnaround Tuesday Gains
Corn futures are trading with contracts up 2 to 4 cents at midday on Tuesday. The front month CmdtyView national average Cash Corn price is up 2 cents at $3.89 1/2. Crop Progress data showed the US corn crop at 34% silking (1% above average), with 7% of the crop...
Wheat Slide Lower Continues
The wheat complex is trading with losses on Tuesday. Chicago SRW wheat is down 4 to 5 cents at midday. KC HRW futures are fractionally in the red at midday so far on Tuesday. MPLS spring wheat is trading with 2 to 3 cent losses across most contracts. The Monday...
Corn Giving Back Monday Gains Early on Tuesday
Corn prices are down 4 to 5 cents early on Tuesday. Futures posted gains of 4 to 6 cents across most contracts on Monday following the overnight gap lower. July futures expired as there were another 29 deliveries and 493 total for the month. Preliminary open interest was up 17,351...
Cattle Fall on Monday as Traders Look to Tuesday Action
Live cattle futures settled Monday with contracts $2.12 to $2.925 in the red at the close. Cash trade was up $4-5 last week at $228-$230 in the South, with Northern action $8-10 higher wk/wk at $240-241. Feeder cattle fell lower on the Monday session as contracts were down $5.50 to...
Hogs Look to Tuesday After Monday Pressure
Lean hog futures fell mostly $1.45 to $2.97 in the nearbys on Monday. Preliminary open interest dropped 5,757 contracts, suggesting some long liquidation. July futures expire today. USDA’s national base hog price was reported at $109.58 on Monday afternoon, up $2.89 from the day prior. The CME Lean Hog Index...
Wheat Weakness Continuing on Tuesday
The wheat complex is down across the three markets early on Tuesday. Wheat is trading with losses across the three markets on Monday. Chicago SRW wheat posted 3 to 4 cent losses on Monday. July futures expired, as there were 5 more deliveries , taking the months total to 243....
Soybeans Losses Continue as Ratings Improve
Soybeans are 3 to 5 cents lower as Tuesday morning trade kicks off. Futures slipped lower on the Monday session, with contracts fractionally to 4 cents in the red. July expired on Monday, with 204 deliveries and 1,327 for the month. The cmdtyView national average Cash Bean price was down...
Cotton Strength Continuing on Tuesday AM
Cotton price action is 14 to 33 points higher so far on Tuesday morning. Futures closed out the Monday session with contracts posting 28 to 69 point gains. Crude oil was down $1.59/barrel at $66.86, with the US dollar index $0.256 higher to $97.785. Weekly Crop Progress data showed a...
Cotton Posts Gains on Monday
Cotton futures closed out the Monday session with contracts posting 28 to 69 point gains. Crude oil was down $1.59/barrel at $66.86, with the US dollar index $0.256 higher to $97.785. Weekly Crop Progress data showed a total of 61% of the US cotton crop squaring, with 23% setting bolls....
Hogs Face Pressure on Monday
Lean hog futures are down a tick in July, which expires on Tuesday, with other contracts falling $1.45 to $2.97 in the nearbys. USDA’s national base hog price was reported at $109.58 on Monday afternoon, up $2.89 from the day prior. The CME Lean Hog Index was down 4 cents...
Spring Wheat Leads the Market Lower
Wheat is trading with losses across the three markets on Monday. Chicago SRW wheat posted 3 to 4 cent losses on Monday. July futures expired today. KC HRW contracts are were down 1 to 2 cents on the day. There were 5 deliveries against July on Friday evening. MPLS spring...