Corn Retreats Lower on Tuesday
Corn futures saw a Turnaround Tuesday pull back, as futures fell 1 to 2 cents in the nearbys on the session. The national average Cash Corn price from cmdtyView was down 2 ¼ cents at $4.40. Weekly EIA data will be out on Wednesday morning, with most expecting to see...
Hogs Extend Bounce into Tuesday’s Close
Lean hog futures posted Tuesday gains of 45 cents to $1.20 in most contracts to round out the day. The national average base hog negotiated price was reported at $80.14 on Tuesday afternoon, up $1.00 from the day prior. The CME Lean Hog Index was reported at $80.76 on January...
Cattle Mixed on Tuesday, as Feeders Rally
Live cattle futures settled the Tuesday session with contracts steady to 50 cents lower in most contracts. Cash trade has yet to kick off this week. Last week’s action was reported at $200-201 in the South and sales of $202 and a few up to $205 in the North. Feeder...
Cotton Slips Back Lower on Tuesday
Cotton futures closed out the Tuesday session with contracts down 14 to 21 points across most nearby contracts. The outside factors were mixed, as the US dollar index was down 792 points, with crude oil $0.69/barrel lower. The Seam reported 11,823 bales of online sales on January 11 at an...
Soybeans Pull Back on Turnaround Tuesday
The soybean market posted 5 to 6 cent lower trade in most nearby contracts on Tuesday, as January expired up 1 ½ cents. CmdtyView’s national front month Cash Bean price was down 6 cents at $9.88. Soymeal futures were back down 30 cents to $2/ton on the day. Soy Oil...
Wheat Closes Mixed on Tuesday
Wheat posted mixed action on Tuesday, hard red contracts the weakest and soft market the strongest. Chicago SRW futures were up 1 to 2 cents on the session. KC HRW settled with fractional losses on Tuesday. MPLS spring wheat futures were down 3 to 4 cents in most front months...
Corn Fading Lower at Midday
Corn futures are posting 1 to 2 cents losses at midday on Turnaround Tuesday, pulling back from early morning strength. The national average Cash Corn price from cmdtyView is down 2 cents at $4.40 1/4. Commitment of Traders data showed a managed money spec funds adding 24,540 contracts to their...
Soybeans Leaking Lower on Turnaround Tuesday
The soybean market is trading with 1 to 5 cent losses so far on Tuesday. January futures expire today. CmdtyView’s national front month Cash Bean price is down 1 3/4 cents at $9.92 1/4. Soymeal futures are back down $2.20/ton on the day. Soy Oil futures are 22 points higher...
Hogs Higher at Midday
Lean hog futures are showing gains of 25 cents to as much as $1.25 on Tuesday. The national average base hog negotiated price was reported at $79.50 on Tuesday morning, up $1.88 cents from the day prior. The CME Lean Hog Index was reported at $80.76 on January 10, up...
Wheat Mixed at Midday
Wheat is showing mixed action so far on Tuesday at midday, with the winter wheats leading the bull’s charge. Chicago SRW futures are up 1 to 2 cents at midday. KC HRW are trading with 2 to 3 gains on Tuesday. MPLS spring wheat futures are steady to fractionally lower...
Cattle Heading Back Higher on Tuesday
Live cattle futures are trading with 67 to 90 cent gains in most contracts. Last week’s cash trade was reported at $200-201 in the South and live sales of $202 and a few up to $205 in the North. Feeder cattle futures are $1.02 to $2.825 higher across the nearby...
Cotton Slipping Lower at Tuesday’s Midday
Cotton futures are trading with 12 to 27 point losses so far on Tuesday. The outside factors are mixed, as the US dollar index is down 552 points, with crude oil $1.05/barrel lower. CFTC Commitment of Traders data showed speculators in cotton futures and options trimming 340 contracts from their...
Cattle Slip Lower to Start the Week
Live cattle futures showed positive trade at midday, but sellers showed up after lunch to close with losses of $1.05 to $1.57 in most contracts. Last week’s cash trade was reported at $200-201 in the South and live sales of $202 and a few up to $205 in the North....
Hogs Higher on Monday
Lean hog futures posted nearby gains of 55 to 62 cents on Monday. The national average base hog negotiated price was reported at $79.14 on Monday afternoon, up 14 cents from the day prior. The CME Lean Hog Index was reported at $80.43 on January 9, down 16 cents from...
Soybeans Pulling Back with Turnaround Tuesday Start
The soybean market is trading with 2 to 6 cent losses so far on Tuesday. Soybeans put on a rally on Monday, as buying fallout from Friday’s USDA reports continued. Contracts were up another 20 to 28 cents across most contracts. Preliminary open interest showed a rotation of ownership, up...