Wheat futures fell lower across the three exchanges on Monday, pressured by less than bullish USDA data. Chicago SRW futures were 6 to 7 cents in the red on the Monday session. Kansas City HRW futures were facing pressure with contracts closing with 9 to 10 cent losses. Minneapolis spring...
Corn futures fell back from the higher post-USDA report trade on Monday, with nearbys slipping 1 to 2 cents. New crop contracts were 3 to 4 cents in the green at the close. The nearby CmdtyView national average Cash Corn price was down 1 1/2 cents at $4.19 1/2. Crop...
Soybeans closed out the Monday session with contracts rallying 20 to 27 cents. The cmdtyView Cash Bean price was up 19 3/4 cents to $10.60. Soymeal futures were up $3.90 to 4.90 so far on the day, with Soy Oil futures rallying 126 to 137 points into the close. USDA...
Live cattle futures rallied $1.50 to $2.15 into the close on Monday. Cash trade settled in last week $218-220 in the South, with northern action at $225-228. Feeder cattle futures were in a rally mode on Monday, with gains of $5.12 to $6.10 in the front months. The CME Feeder...
Lean hog futures saw some strength on Monday, with contracts up anywhere from 35 cents to $2.05. USDA’s national average base hog negotiated price was reported at $95.29 on Monday afternoon, up $0.82 The CME Lean Hog Index was down 8 cents on May 8, at $89.99. The meeting between...
Cotton futures fell back from the early session high, but held onto gains on Monday of 2 to 18 points into the close. Crude oil prices posted gains of $1.10/barrel. The US dollar index was back up $1.462 to $101.630. Crop Progress data showed 28% of the US cotton crop...
Cotton prices are showing gains at midday on Monday of 27 to 65 points, pulling back off of some early strength. Crude oil prices are trading with gains of $1.22/barrel. The US dollar index is back up $1.447 to $101.615. The meeting between US and China trade reps saw progress,...
Lean hog futures are popping higher so far on Friday, with 27 cents to $1.90 in the nearbys. USDA’s national average base hog negotiated price was reported at $94.33 on Monday morning, down $0.45. The CME Lean Hog Index was down 8 cents on May 8, at $89.99. The meeting...
Soybeans are rallying on Monday’s midday, with gains of 20 to 27 cents. There was just 1 delivery issued against May futures on Friday night. The cmdtyView Cash Bean price is up 50 1/2 cents to $10.21 3/4. Soymeal futures are up $4.20 so far on the day, with Soy...
Wheat futures are extending the weakness into the new week, with contracts down across the three exchanges. Chicago SRW futures are posting Monday losses of 2 to 3 cents so far on the day. There were 5 deliveries against May CBT wheat on Friday evening. Kansas City HRW futures are...
Corn futures are holding onto midday gains so far on Monday, with a friendlier than expected USDA report. Contracts are 2 to 5 cents higher. There were 12 deliveries issued against May on Friday night. They expire on Wednesday. The nearby CmdtyView national average Cash Corn price is us 2...
Live cattle futures are in rally mode so far at Monday’s midday with gains of $1.65 to $1.95. Cash trade settled in last week $218-220 in the South, with northern action at $225-228. Feeder cattle futures are also rallying, with contracts up $3.82 to $4.75. CME Feeder Cattle Index was...
Live cattle futures closed Friday mixed, as nearby June was held up by the stronger cash action, up 42 cents, with other contracts down 40 to 55 cents. June was up $3.57 on the week. Friday’s preliminary open interest dropped 6,191 contracts, mostly out of the June (-9,231). Cash trade...
Corn futures are showing some buying early on Monday morning, up 2 to 4 cents. The corn market finished off the week of losses with bears taking some money off the table. Contracts were up 2 to 4 cents across most months, with July falling 19 ¼ cents (4.10%) last...
Cotton price action early on Monday is showing gains of 120 to 145 points, following a productive meeting with the US and China. Futures slipped back on Friday, with contracts down 8 to 15 points at the close, as July was down 180 points last week. Crude oil prices were...