Soybean Bulls Getting Some Help from Bean Oil
Soybeans are trading with contracts 6 to 8 cents higher across the front months at Tuesday’s midday. The cmdtyView national average Cash Bean price is up 6 1/2 cents at $9.73 1/2. Soymeal futures are up 50 to 80 cents, with Soy Oil futures posting 90 to 100 point gains....
Hogs Slipping Back on Tuesday
Lean hog futures are trading with marginal 12 to 50 cent losses across most contracts on Tuseday. USDA’s national base hog report from Tuesday morning was reported at $105.97, up a dime from the Monday PM report. The CME Lean Hog Index was unchanged on September 12 at $106.14. USDA’s...
Cattle Pulling Back on Tuesday
Live cattle futures are slipping back 72 cents to $1.40 so far on Tuesday. Cash activity narrowed in at $240 last week across the country down $2 from the week prior. Much of this week’s early action has been compiling showlists. Feeder cattle futures are giving some back this at...
Wheat Rallying on Tuesday
The wheat complex is trading with contracts higher across the three markets at midday. CBT soft red wheat futures are posting 8 to 9 cent gains in across most contracts on Tuesday. KC HRW futures are rallying, with 9 to 10 cents in the nearbys. MPLS spring wheat futures are...
Corn Posting Turnaround Tuesday Rally
Corn futures are posting 5 to 6 ¼ cent gains across most contracts on Turnaround Tuesday. The CmdtyView national average Cash Corn price is up 5 3/4 cents at $3.85. Crop Progress data showed 85% of the US corn crop dented as of Sunday, with 41% mature. Harvest was pegged...
Cotton Bulls Gaining Ground on Tuesday
Cotton futures are trading with contracts 34 to 75 points higher across the nearbys at midday on Tuesday. The US dollar index is down $0.635 so far on the day to $96.265, with crude oil futures $1.26 higher. NASS reported the US cotton crop 50% with bolls opening as of...
Cattle Look to Tuesday After Monday Rally
Live cattle futures rallied on Monday, with gains of $4.35 to $4.625, to take back much of last week’s losses. Preliminary open interest rose 1,998 contracts on Monday. Cash activity narrowed in at $240 last week across the country down $2 from the week prior. Much of this week’s early...
Wheat Posting a Tuesday Morning Pop Higher
Wheat is showing gains across all three markets early on Tuesday, with the spring wheat market the weakest. The wheat market ended the Monday session on a mixed note. CBT soft red wheat futures were the strongest of the three markets, up 1 to 2 cents. KC HRW futures were...
Corn Turning Around on Tuesday Morning as Ratings Slip
Corn price action is 3 to 4 ¼ cents higher so far on Tuesday morning. Futures closed out the Monday session, giving back much of the Friday gains, as contracts were down 6 to 7 cents across the front months. Preliminary open interest suggested some long liquidation, down 12,556 contracts....
Cotton Posting Tuesday Morning Gains
Cotton prices are up 32 to 38 points so far on Tuesday morning. Futures were weaker for much of the Monday session, with contract closing steady to 23 points higher. The US dollar index was down $0.210 on the day to $97.345, with crude oil futures $0.59 higher. NASS reported...
Hogs See Slight Gains on Monday, as Traders Look to Tuesday
Lean hog futures closed the Monday session with 7 to 40 cent gains across most contracts. Preliminary open interest was up 1,638 contracts. USDA’s national base hog report from Monday afternoon was $1.693 higher to $105.87. The CME Lean Hog Index was up 10 cents on September 11 at $106.14....
Soybeans Taking Monday Losses Back to Start Tuesday Trade
Soybeans are trading with Monday morning gains of 6 to 7 cents. Futures closed out the Monday session with contracts down 3 to 4 cents across the front months. Preliminary open interest slipped 4,333 contracts. The cmdtyView national average Cash Bean price was down 4 1/4 cents at $9.66. Soymeal...
Hogs Hold Gains into Monday’s Close
Lean hog futures closed the Monday session with 7 to 40 cent gains across most contracts. USDA’s national base hog report from Monday afternoon was $1.693 higher to $105.87. The CME Lean Hog Index was up 10 cents on September 11 at $106.14. USDA’s FOB plant pork cutout report from...
Cotton Firms Up into the Monday Close
Cotton futures were weaker for much of the Monday session, with contract closing steady to 23 points higher. The US dollar index was down $0.210 on the day to $97.345, with crude oil futures $0.59 higher. NASS reported the US cotton crop 50% with bolls opening as of Sunday, with...
Corn Pulls Back on Monday, Ignoring Export Business
Corn futures closed out the Monday session, giving back much of the Friday gains, as contracts were down 6 to 7 cents across the front months. The CmdtyView national average Cash Corn price was down 6 ½ cents at $3.79. Crop Progress data showed 85% of the US corn crop...