Ag Market Commentary
Corn Sees Turnaround Tuesday Bounce
Corn futures closed out the Tuesday trade session with contracts steady to 3 cents higher across the board, led by the front months. The national average Cash Corn price from cmdtyView was up 3 1/2 cents at $3.82 3/4 per bu. The average close for December corn futures so far...
Cotton Closes Higher on Tuesday
Cotton futures posted Tuesday gains of 7 to 20 points on Tuesday. The outside markets ended the day as supportive factors, with crude oil back up 21 cents/barrel and the US dollar index 58 points lower. Crop Progress data tallied 97% of the US cotton crop setting bolls, with harvest...
Cattle Fall Lower on Tuesday, as Boxed Beef Slips
Live cattle futures shifted to lower trade on Tuesday, with losses of 87 cents to $1.475. Cash trade last week improved ~$2 from the previous week, with Southern sales tallied at $190-191 and the Northern trade coming in at $190-192. So far this week action has mainly been compiling showlists....
Soybeans Falls into Tuesday’s Close
Soybeans faced pressure on Tuesday as contracts were down 3 ¼ to 8 ¾ cents across the board. CmdtyView’s national front month Cash Bean price wawas down 6 3/4 cents at $9.12. Soymeal futures were down 70 cents $3/ton on the day. Soy Oil saw some recovery, with 4 to...
Wheat Rallies on Weaker Condition Ratings
The wheat complex posted some recovered strength across all three exchanges on Tuesday. Chicago SRW futures were up 6 to 11 3/4 cents on the day. KC HRW contracts posted gains of 11 3/4 to 13 cents. MPLS spring wheat was 9 to 12 cents higher across the board. The...
Hogs Rally on Tuesday
Lean hog futures saw gains of 7 cents to $2.20 across most contracts on Tuesday, with some deferred contracts down 7 to 22 cents. The national average base hog price was reported at $82.04 on Tuesday afternoon, up another $1.09 from the previous day. The CME Lean Hog Index was...

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