Wheat Posts Monday Gains, as Wheat Ratings Slip
The wheat market closed out the Monday session with bulls gaining ground. Chicago SRW futures saw 4 cent gains in the nearbys. Kansas City HRW contracts were 6 to 7 cents in the green. Minneapolis spring wheat futures were 11 to 13 cents higher. Export Inspections data showed a total...
Soybeans Close Slightly Higher as Planting Pace Rolls
The soybean market saw slight gains on Monday, with contracts stready to 2 cents in the green at the close. The cmdtyView Cash Bean price was up a penny to $10.01 1/4. Soymeal futures are down 80 cents to $1.20/ton on the day, with Soy Oil futures back up 50...
Cotton Posts Strength on Monday with Dollar Weakness
Cotton futures closed out the Monday session with contracts 65 to 75 points higher. Crude oil prices were up $0.21/barrel. The US dollar index was back down $0.726 to $100.220. NASS pegged the US cotton crop at 40% planted as of Sunday, slightly behind the 5-year average at 43%. The...
Cattle Post Mixed Action on Monday
Live cattle futures posted higher trade on Monday, with contracts up 75 cents to $1.20. Cash action was quiet on Monday, with last week’s Southern sales at $218-220, steady, and $229 in the north. Feeder cattle futures were mixed on the day, with front months down 12 cents to $1.17...
Corn Rallies into the Close
Corn futures saw gains on Monday, as bulls were rallying into the close, with post 4 to 7 cent gains. The front month CmdtyView national average Cash Corn price was up 4 1/4 cents at $4.20 1/2. Weekly Export Inspections data tallied corn shipments at 1.719 MMT (67.68 mbu) in...
Hogs Fall Back on Monday
Lean hog futures closed with Monday losses of 52 cents to $1.07. USDA’s national average base hog negotiated price was reported at $92.51 on Monday afternoon, back up $4.41 from the day prior. The CME Lean Hog Index was up another 24 cents on May 15, at $91.26. The Monday...
Cotton Higher at Midday
Cotton price is trading with gains of 85 to 96 points so far on Monday’s midday. Crude oil prices are up $0.33/barrel. The US dollar index is back down $0.666 to $100.280. The weekly CFTC report showed money managers in cotton futures and options adding 8,039 contracts to their net...
Wheat Starting the Week with Gains
The wheat market is trading with gains across all three markets at midday. Chicago SRW futures are up 1 to 2 cents. Kansas City HRW contracts are 4 to 5 cents in the green. Minneapolis spring wheat futures are 8 to 9 cents higher. Export Inspections data showed a total...
Hogs Leaking Lower at Midday
Lean hog futures are down 40 to 90 cents so far on Monday. USDA’s national average base hog negotiated price was reported at $94.91 on Monday morning. The CME Lean Hog Index was up another 24 cents on May 15, at $91.26. Weekly Commitment of Traders data showed the large...
Corn Posting Monday Gains
Corn futures are trading with gains at Monday’s midday, with front months fractionally high and new crop up 3 to 4 cents. The front month CmdtyView national average Cash Corn price is up 3/4 cents at $4.16 ¼. Weekly Export Inspections data tallied corn shipments at 1.719 MMT (67.68 mbu)...
Soybeans Holding Higher at Midday
The soybean market is posting midday gains on Monday, with contracts stready to 3 cents in the green. The cmdtyView Cash Bean price is up 3/4 cents to $10.01. Soymeal futures are down $4.60/ton on the day, with Soy Oil futures back up 35 points. USDA reported a total of...
Cattle Trading Mostly Higher at Midday
Live cattle futures are holding higher on Monday, with contracts 65 to 90 cents higher. Cash action from last week showed Southern sales of $218-220, steady, and $229 in the north. Feeder cattle futures are mixed at midday, with nearby May down 22 cents and other contracts 10 to 22...
Cotton Rallying Early on Monday
Cotton price action is showing 81 to 104 point gains so far on Monday morning. Futures ended the Friday session with contracts down 50 to 70 points, as July fell 172 points last week. New crop saw less pressure, down just 100 points. Crude oil prices were up $0.79/barrel. The...
Corn Higher on Monday Morning
The corn market is trading with contracts up 2 to 5 cents. Corn futures closed out the Friday session on a weaker note, with contracts down 3 to 5 cents. July slipped back 6 ¼ cents on the week, with December falling in unison and down 6 ½ cents. The...
Soybeans Starting Off Monday with Gains
Soybean futures are trading with 3 to 5 cent gains out of the weekend. The soybean market posted nearby losses of 1 to 2 cents on Friday, with July down 1 ¾ cents on the week. New crop contracts were fractionally higher, with November up a nickel last week. Friday’s...