Corn futures posted gains across most contracts on Wednesday with contracts 2 to 6 cents higher, as nearby July was up 2 cents. The front month CmdtyView national average Cash Corn price was up 1/4 cents at $4.08. The weekly EIA report showed ethanol production dropping back by 11,000 barrels...
The wheat market was rallying across the three markets on Wednesday, as shorts were busy their large position. Chicago SRW futures were 25 to 26 cents higher in the front months. Kansas City HRW contracts posted 23 to 24 cent gains. Minneapolis spring wheat futures were 15 to 18 cents...
Cotton futures were down 21 to 88 points across most contracts on Wednesday. Crude oil was up 25 cents to $75.09/barrel, as price action was a little quieter. The US dollar index was back down $0.061 to $98.455. The markets will be closed on Thursday in observance of Juneteenth, with...
Lean hog futures were mixed on Wednesday, with contracts up 52 cents to slightly lower. USDA’s daily direct hog report showed the negotiated hog price at $114.07 on Wednesday afternoon, up $4.83 from the day prior. The CME Lean Hog Index was up $1.25 on June 16, at $104.95 The...
Soybeans closed the Wednesday session with contracts fractionally higher. The cmdtyView Cash Bean price is up 1/2 cents to $10.26 1/2. Soymeal futures were down 10 to 30 cents/ton. Soy Oil was down 2 to 11 points higher on Wednesday. The next week showed forecast precipitation from NE, through IA,...
Live cattle futures posted 67 cent to $1.05 gains on Wednesday. The Wednesday morning Fed Cattle Exchange online auction from Central Stockyards saw no trade with bids down at $223-225. Outside of that, trade was reported at $236 in the north, down $4-6. Feeder cattle futures posted slight Wednesday strength,...
Soybeans are 1 to 2 cents higher so far on Wednesday, as the market tries to push higher. The cmdtyView Cash Bean price is up 1 3/4 cents to $10.27 1/2. Soymeal futures are up 20 cents/ton. Soy Oil is up just a tick at midday. The markets will be...
Corn futures are showing some continued bear spreading on Wednesday, with July down ¼ cent ahead of Friday’s options expiration, as other contracts are up 4 to 5 cents. Support is coming from a rally in the wheat market. The front month CmdtyView national average Cash Corn price is down...
The wheat market is rallying across the three markets on Wednesday, as shorts are covering at midday. Chicago SRW futures are 23 to 24 cents higher in the front months at midday. Kansas City HRW contracts are posting sharp 20 to 22 cent gains in the front months. Minneapolis spring...
Lean hog futures slipped lower on Tuesday, as contracts were down 15 cents to $1. USDA’s daily direct hog report showed the negotiated hog price at $109.24, up $3.12 from the day prior. The CME Lean Hog Index was up 89 cents on June 13, at $103.70. The markets will...
Cotton prices are down 35 to 70 points so far on Wednesday morning. Futures were down 17 to 47 points across most contracts on Tuesday. Crude oil was back up $3.70/barrel, as futures were adding risk premium back with President Trumps mulling US involvement in the Iran/Israel conflict. The US...
Wheat is pushing higher so far on Wednesday, with contracts 3 to 6 cents in the green. The wheat market saw higher trade across all three markets to close out Tuesday. Chicago SRW futures were 12 to 14 cents higher on Tuesday. Preliminary open interest was some net new buying,...
Soybeans are 1 to 2 cents higher so far on Wednesday. The soybean market closed out the Tuesday session with contracts 4 to 8 cents higher. Preliminary open interest saw a drop of 9,038 contracts, with 23,790 contracts exiting July. The cmdtyView Cash Bean price was up 4 ½ cents...
Live cattle futures fell $3.77 to $4.90 lower on Tuesday in broad risk off trade. Preliminary open interest was down 1,394 contracts on Tuesday, suggesting some liquidation. Cash trade has yet to get kicked off this week. Last week was reported at $235 in TX and $233-238 KS, with northern...
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