Ag Market Commentary
Wheat Falls Lower on Tuesday
Wheat was under pressure on Tuesday, as contracts closed with losses across the three markets. Chicago SRW futures were 8 to 9 cents in the red at the close. KC contracts were down 7 to 8 cents on the day. MPLS spring wheat was just 3 to 4 cents lower...
Hogs Fall Under Pressure on Tuesday
Lean hog futures posted losses of $1.27 to $2.15 across most contracts on Tuesday. USDA’s national base hog price was up 79 cents on Tuesday afternoon, at $112.14. The CME Lean Hog Index was up 2 cents at $110.30 on July 25. USDA’s Tuesday PM FOB plant pork cutout value...
Cattle Extend to New Highs on Tuesday
Live cattle futures were up $1.40 to $1.85 across most contracts on Tuesday trade. Cash activity settled in at $230-232 in the South last week, with $240-245 in the North. Feeder cattle futures settled the Tuesday session with contracts up $2.50 to $2.70. The CME Feeder Cattle Index was back...
Cotton Heads Lower to Close Out Tuesday
Cotton futures rounded out the Tuesday session under pressure, with contracts down 67 to 110 points. Pressure came from a $0.295 gain in the US dollar index to $98.690. Crude oil futures were $2.57/barrel higher. Weekly Crop Progress data indicated 80% of the US cotton crop was squaring as of...
Corn Losses Continue on Tuesday
Corn bulls missed the turnaround part of the Tuesday session, as futures closed with losses of 3 to 5 cents. The CmdtyView national average new crop Cash Corn price was down 3 3/4 cents at $3.67 3/4. Crop Progress data indicated 76% of the US corn crop was silking as...
Soybeans Fall Despite Bean Oil Strength
Soybeans were under pressure for much of Tuesday, with contracts down 2 to 7 cents at the close. The cmdtyView national average new crop Cash Bean price was down 2 1/4 cents at $9.56 1/2. Soymeal futures continued their weakness, with contracts down $2.30 to $3.20. Soy Oil saw gains...

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