Hog Retreat Continues on Tuesday
Lean hog futures saw mostly lower action on Tuesday, down $1.50 to $1.70. October futures expired today, up a nickel. USDA’s national base hog price from Tuesday afternoon was reported at $93.05, up 76 cents from the day prior. The CME Lean Hog Index was down another 86 cents on...
Cotton Holds onto Losses on Tuesday
Cotton futures posted losses of 8 to 25 points across most contracts on Tuesday. The US dollar index was back down $0.215 on Tuesday to $98.815, with crude oil $0.85/barrel lower. Monday’s online auction from The Seam showed 628 bales sold with an average price of 60.94 cents/lb. The Cotlook...
Wheat Bounces Higher on Tuesday
The wheat complex was strength on Tuesday across the three markets. CBT soft red wheat futures saw contracts 3 to 4 cents higher at the close. KC HRW futures held the strength on Tuesday, as contracts closed with 6 to 7 ¼ cent gains. MPLS spring wheat futures were up...
Corn Close with Gains on Tuesday
Corn futures posted Tuesday gains of 1 to 2 ¼ cents on the session. The CmdtyView national average Cash Corn price was up 1 ¾ cents at $3.70 1/4. USDA tallied corn export shipments at 1.129 MMT (44.47 mbu) during the week ending on October 9. That was 119.74% above...
Cattle Bulls Maintain Momentum on Tuesday
Live cattle futures saw gains of $1.25 to $1.75 across the front months on Tuesday. There were 10 deliveries tendered for Amarillo on Tuesday. Cash trade has yet to get kicked off this week, with last week centering in at $234-235. Feeder cattle futures were up another $4.30 to $4.70...
Soybeans Bounce into the Tuesday Close, Hold onto Losses
Soybeans held the losses on Tuesday, with contracts closing steady to 1 ¼ cents higher and off the early lows. The cmdtyView national average Cash Bean price was 1 1/4 cents lower at $9.32 1/2. Soymeal futures were mixed, with contracts up 50 cents to 80 cents lower, with Soy...
Cattle Rally Continues on Tuesday
Live cattle futures are posting $1.40 to $1.95 across the front months at midday. There were no deliveries issued for October live cattle on Monday, with the oldest long dated August 7. Cash cattle trade last week closed in on $234-235 for much of the country, $2 higher in the...
Wheat Rallying from New Lows at Midday
The wheat complex is posting gains across most contracts on Tuesday. CBT soft red wheat futures are 4 to 5 cents higher so far. KC HRW futures are in rally mode, up 7 to 8 cents on Tuesday MPLS spring wheat futures are up 2 to 3 cents across the...
Cotton Posting Tuesday Losses
Cotton futures are 11 to 23 points lower so far on Tuesday, as selling continues at midday. The US dollar index was back down $0.265 on the session to $99.770, with crude oil $0.81/barrel lower. Monday’s online auction from The Seam showed 628 bales sold with an average price of...
Hogs Falling on Tuesday
Lean hog futures are up a nickel ahead of expiration, with other contracts down $1.50 to $1.65. October futures expire today. USDA’s national base hog price from Tuesday morning was not reported due to light volume, with the 5-day rolling average at $97.31. The CME Lean Hog Index was down...
Corn Showing Positive Trade at Midday
Corn futures are trading with fractional to 1 ½ cent gains across most contracts on Tuesday. The CmdtyView national average Cash Corn price is up a penny at $3.69 1/2. USDA tallied corn export shipments at 1.129 MMT (44.47 mbu) during the week ending on October 9. That was 119.74%...
Soybeans Holding onto Losses at Midday
Soybeans continued to show weakness on Tuesday, with losses of 2 to 3 cents at midday. The cmdtyView national average Cash Bean price is 3 cents lower at $9.30 3/4. Soymeal futures are up 50 cents/ton, with Soy Oil up 7 to 12 points in the day. October futures expire...
Soybeans Slipping Back on Tuesday AM Trade
Soybeans are trending lower on Tuesday morning, with losses of 4 to 5 cents. Futures saw a slight recovery on Monday with contracts up fractionally to 2 ½ cents at the close. Open interest data was down 5,810 contracts on Monday. November soybeans are averaging $10.18 at the close in...
Cattle Bulls Looking to Continue Run on Tuesday
Live cattle futures were higher again on Monday, with gains of 35 cents to $2.22. There were no deliveries issued for October live cattle on Monday, with the oldest long dated August 7. Cash cattle trade last week closed in on $234-235 for much of the country, $2 higher in...
Corn Losses Continuing on Tuesday Morning
Corn futures are down 1 to 2 cents early on Tuesday. The corn market rounded out the Monday session with contracts posting fractional to 2 ¼ cent losses. Preliminary interest continues to show some mew selling interest, up 15,821 contracts on Monday. The CmdtyView national average Cash Corn price was...