Wheat Close Mixed Following Neutral USDA Data
The wheat market was mixed across the three exchanges on Friday with the soft wheat contracts holding up and the hard wheats the weakspot. Chicago SRW futures were mixed, with contracts anywhere form a penny higher to 1 ½ cents lower, as December was up 4 ½ cents on the...
Soybeans Pull Back from Highs, Close with Gains on Bullish USDA Data
Soybeans faded the initial gains post USDA report release this morning, but bulls managed to close the day with contracts up 1 ¼ to 6 cents across most contracts on Friday. January closed out the week with a 36 ½ cent gain since last Friday. CmdtyView’s national front month Cash...
Corn Holds onto Gains as USDA Trims Yield
A yield cut from the USDA earlier on Friday helped futures to close the day with fractional to 3 ¾ cent gains. December managed a 16 ½ cent jump this week. The national average Cash Corn price from cmdtyView was up 4 cents at $4.04 1/2 per bu. USDA reported...
Cotton Pulls off Lows, Still Closes with Losses
Cotton futures rounded out the week with Friday losses of 7 to 19 points, with bearish USDA data and outside market factors. December managed to close with a gain of 81 points over the course of the week. The outside markets were pressuring the market, with crude oil down $1.85/barrel...
Hogs Close Mixed on Friday, as Specs Improve Record Net Long
Lean Hog futures settled Friday with contracts down 47 to 77 cents in the nearbys, but up 7 to 42 cents in most others. December fell $3.65 on the week. The national average base hog negotiated price was reported at $81.67 on Friday afternoon, a drop of $3.36 from the...
Cattle Collapse Heading into the Weekend
Live cattle futures fell 80 cents to $2.125 on Friday, as the Boxed Beef values continue to slip lower. December was down $2.22 on the week. Cash trade this week settled in with Northern sales of $186-188 and Southern action at $187. This morning’s Central Stockyards Fed Cattle Exchange showed...
Corn Holding onto Gains After Yield Cut
Following a bull friendly USDA report, midday price action has corn falling off is highs. Contracts are just fractionally higher as we trade through Friday. The national average Cash Corn price from cmdtyView is up 3/4 cent at $4.01 1/4 per bu. USDA reported private export sales of 200,480 MT...
Cotton Falling on Friday
Cotton futures are showing losses of 90 to 100 points so far on Friday, with bearish USDA data and outside market factors. The outside markets are pressuring the market, with crude oil down $1.95/barrel and the US dollar index back up 610 points on the day. This morning’s Crop Production...
Soybeans Back to Flirting with Losses After USDA Slashes Yield
Soybeans are fading off the post report highs by more than a dime after a yield cut saw double digit gains. Contracts are back down 3 to 4 cents at midday. CmdtyView’s national front month Cash Bean price is down 3 3/4 cents at $9.67 1/4. Soymeal futures are down...
Hogs Slipping at Midday
Lean Hog futures are down 25 to 77 cents so far at midday. The national average base hog negotiated price was reported at $82.23 on Friday morning, an increase of $3.03 from the previous day. The CME Lean Hog Index was reported at $90.61 on November 6, up another 37...
Wheat Leaking Lower Following Uneventful USDA Reports
The wheat market is falling lower across the three exchanges on Friday after a dull USDA report. Chicago SRW futures are down 4 to 7 cents on the day. KC HRW contracts are 8 to 9 cents lower at midday. MPLS spring wheat is 6 to 8 cents in the...
Cattle Gap Lower on Friday as Boxed Beef Weakness Shows
Live cattle futures are falling $1 to $2.25 so far on Friday, after the Thursday PM Boxed Beef print showed a collapse. Futures gapped lower at the open. Cash trade has started to kick off, with light sales of $188 reported in the North this morning, and bids of $187...
Hogs Mixed on Thursday, with Stronger Cash and a Weaker Cutout
Lean Hog futures settled the Thursday session with contracts mixed, as most were up 10 to 45 cents and nearby December was down 92 cents. The national average base hog price was reported at $85.03 on Thursday afternoon, an increase of $2.31 from the previous day. The CME Lean Hog...
Cotton Pulling Back on Friday
Cotton prices are showing losses of 85 to 93 points so far on Friday Futures posted a sharp Thursday rally with contracts up 58 to 136 points on the day. The outside markets were supportive today, with crude oil up 48 cents/barrel. The US dollar index was down 765 points...
Wheat Mixed to Start Friday Trade
Wheat is showing mixed action so far on Friday morning. The wheat market fell lower across the three exchanges to close out the Thursday session. Chicago SRW futures were down 1 1/2 to 2 1/2 cents on the day. KC HRW contracts were 4 to 5 cents lower on Thursday....