Cotton Losses Holding Through Midday
Cotton futures are down 53 to 65 points so far on the Tuesday session. The outside markets are mixed factors, as the US dollar index is back down $0.238 on the day to $98.080, with crude oil futures $1.45 lower. On Monday afternoon. NASS reported the US cotton crop at...
Cattle Rally Resumes on Tuesday
Live cattle futures are showing gains on Tuesday, with contracts up $1.10 to $1.80. 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 at 240. Feeder cattle futures are up $2.05 to $2.90 so...
Corn Slipping Back on Tuesday
Corn futures are down 1 to 3 cents across most contracts on Tuesday. Preliminary open interest was down 29,200 contracts on Monday, with 37,997 contracts exiting September ahead of first notice day on Friday. The CmdtyView national average Cash Corn price is down 1 ¼ cents at $3.70 1/2. USDA’s...
Hogs Continue Strength on Tuesday
Lean hog futures are up 60 cents to $1.50 so far on Tuesday. USDA’s national base hog price was reported at $109.06 in the Tuesday AM report, up $2.39 from the day prior. The CME Lean Hog Index was down 54 cents on August 22 at $107.27. USDA’s FOB plant...
Soybeans Steady at Midday
Soybeans are trading with fractional gains on Tuesday, as weakness in the bean oil market adds some pressure. The cmdtyView national average Cash Bean price is up ¼ cent at $9.76 1/4. Soymeal futures are showing slight 40 cent to $1.50 gains. Soy Oil futures are down 172 to 178...
Wheat Mixed on Tuesday, as Chicago Holds Up
The wheat complex is showing some mixed trade as the Chicago market is adding some premium. CBT soft red wheat futures are up 4 to 5 cents so far on the day. KC HRW futures are fractionally mixed at midday. MPLS spring wheat is trading with 1 to 4 cent...
Hogs Hold Higher on Monday as Traders Look to Tuesday Action
Lean hog futures saw some strength on Monday, with contracts up 20 to 40 cents in the front months. Preliminary open interest rose 2,405 contracts on Monday. USDA’s national base hog price was reported at $105.67 in the Monday PM report, down $1.99 from the day prior. The CME Lean...
Cattle Look to Tuesday, after Bulls Fend off Monday Weakness
Live cattle futures saw bulls pull off the early session lows at the Monday open to close with 1 to $1.30 losses, as nearby and soon to expire August was up 27 cents. Cash trade was quiet on Monday, mostly compiling showlists. Last week saw northern dressed action at $385-392...
Corn Showing Steady Trade as Ratings Slip
Corn price action is steady to a penny lower on Tuesday morning. Futures posted gains ranging from fractional to penny in the front months on Monday. Preliminary open interest was down 29,200 contracts on Monday, with 37,997 contracts exiting September ahead of first notice day on Friday. The CmdtyView national...
Cotton Weakness Continuing on Tuesday Morning
Cotton price action is down 29 to 33 points so far on Tuesday morning. Futures were back down 44 to 63 points across the nearby contracts on Monday. The outside markets provided mixed factors, as the US dollar index was back up $0.746 on the day to $98.345, with crude...
Soybeans Starting Tuesday with Turnaround Action
Soybeans are reverting back higher on Tuesday morning with gains of 6 to 7 cents as trade talks are planned for this week. Futures posted losses of 9 to 11 cents across most contracts on Monday. Preliminary open interest showed some lings exiting, down 17,277 contracts. The cmdtyView national average...
Wheat Continuing Mixed Action Early on Tuesday
Wheat is showing mixed trade again on Tuesday, with the winter wheats firmer and spring wheat weaker. The wheat complex saw mixed action on Monday, with the KC market the weak link. CBT soft red wheat futures were 2 to 3 cents higher to close out the Monday session. Prelimininary...
Wheat Closes Mixed on Monday, Despite Massive Wheat Shipments
The wheat complex saw mixed action on Monday, with the KC market the weak link. CBT soft red wheat futures were 2 to 3 cents higher to close out the Monday session. KC HRW futures slipped back to close with fractional to 1 ¼ cent losses. MPLS spring wheat closed...
Hogs Manage to Hold Gains on Monday
Lean hog futures saw some strength on Monday, with contracts up 20 to 40 cents in the front months. USDA’s national base hog price was reported at $105.67 in the Monday PM report, down $1.99 from the day prior. The CME Lean Hog Index was down 48 cents at $107.84...
Cotton Falls Back on Monday, with Conditions Slipping After the Close
Cotton futures were back down 44 to 63 points across the nearby contracts on Monday. The outside markets provided mixed factors, as the US dollar index was back up $0.746 on the day to $98.345, with crude oil futures $1.10 higher. NASS reported the US cotton crop at 71% setting...