Cotton Closes Steady on Thursday
Cotton futures settled the Thursday trade with contracts anywhere from 9 points higher to 8 points lower. The outside markets were mixed factors, with the US dollar index down 143 points and crude oil $0.46/barrel lower. The Seam reported 441 bales of online sales on December 24 at an average...
Hogs Post Marginally Mixed Trade on Thursday
Lean hog futures ended the Thursday session with contracts anywhere from 32 cents lower to 30 cents higher. The national average base hog negotiated price was reported at $79.00 on Thursday afternoon, down 48 cents from the day prior. The CME Lean Hog Index was reported at $84.75 on December...
Wheat Posts Gains Out of Christmas Break
The wheat market pushed higher across the three markets on Thursday. Chicago SRW futures were up 4 ¾ to 7 cents on the session. KC HRW contracts closed with 7 to 8 cent gains across the board. MPLS spring wheat futures were 3 ½ to 4 3/4 cents in the...
Soybeans Rally on Soymeal Short Covering
The soybean market closed out the Thursday session with contracts up 12 ¼ to 17 ½ cents across the board. CmdtyView’s national front month Cash Bean price was 13 cents at $9.37. Soymeal futures led the rally on Argentine dryness, with contracts up $9.60 to $13.30/ton higher. Soy Oil futures...
Post-Christmas Rally for Cattle
Live cattle futures settled the Thursday session with contracts rallying $1.97 to $3.05 higher. Cash trade has yet to begin this week, with bids of $190 reported so far. Thursday morning’s Fed Cattle Exchange online auction from Central Stockyards showed no sale on the 1,036 head listed, with bids running...
Corn Post Jolly Trade on Thursday
Corn futures came out of the Christmas holiday break with contracts up 2 ¾ to 6 ½ cents and hitting the highest prices since June. The national average Cash Corn price from cmdtyView was up 5 cents at $4.24 1/4. Weekly EIA data has been pushed back to a Friday...
Cattle Rallying out of Christmas
Live cattle futures are posting $1.70 to $2.30 gains across the front months on Thursday. Cash trade has yet to begin this week, with bids of $190 reported so far. This morning’s Fed Cattle Exchange online auction from Central Stockyards showed no sale on the 1,036 head listed, with bids...
Cotton Sticking Near Unchanged at Midday
Cotton futures are steady to 4 points higher so far on Thursday. The outside markets are mixed factors, with the US dollar index down 38 points and crude oil $0.19/barrel higher. The Seam reported 441 bales of online sales on December 24 at an average price of 58.80 cents/lb. ICE...
Soybeans Rallying with Meal as Specs Covering Shorts on Argentine Dryness
The soybean is trading with double digit 10 to 15 cent gains so far on Thursday as the meal rally is providing product support. CmdtyView’s national front month Cash Bean price is up 11 1/2 cents at $9.35 1/2. Soymeal futures are $11.80/ton higher at midday. Soy Oil futures are...
Corn Bulls Feeling Jolly After Christmas Break
Corn price action is trading 3 to 5 cents higher so far on Thursday’s midday, as traders come out of the Christmas Holiday. The national average Cash Corn price from cmdtyView is up 3 1/4 cent at $4.22 1/2. Weekly EIA data has been pushed back to a Friday morning...
Wheat Popping Higher on Thursday
The wheat market is trading with gains on Thursday’s midday across all three markets. Chicago SRW futures are up 8 to 9 cents on the session. KC HRW contracts are 9 to 10 cents lower across the nearby contracts. MPLS spring wheat futures are 6 to 7 cents in the...
Hogs Mixed on Thursday
Lean hog futures are trading mixed so far on Thursday, with contracts up 12 cents to 35 cents lower at midday. The national average base hog negotiated price was reported at $79.10 on Thursday morning. The CME Lean Hog Index was reported at $84.35 on December 19, up 14 cents...
Cotton Coming Out of Christmas Break with Gains
Cottonprice action is coming out of the Christmas holiday with contracts up 15 to 21 points. Futures gave back some of Monday’s jolliness, with Tuesday losses of 14 to 64 points. The outside markets were mixed factors, with the US dollar index up 193 points and crude oil $0.93/barrel higher....
Hogs Post Mixed Action on Tuesday
Lean hog futures closed out the Tuesday session with contracts down 5 to 45 cents in the nearbys and up a tick to 62 cents. The CME Lean Hog Index was reported at $84.35 on December 19, up 14 cents from the previous day. Monday afternoon’s quarterly Hogs & Pigs...
Wheat Trade Looks to Thursday Trade
The wheat market posted weaker action across the three exchanges on Tuesday, leading into Christmas. Chicago SRW futures were down 3 ¾ to 5 ¾ cents on the session. KC HRW contracts fell 6 ¼ to 7 ¼ cents lower across the board. MPLS spring wheat futures were 5 to...