Corn Posts Wednesday Strength as Robust Ethanol Production Continues
The corn market rallied off early session lows on Wednesday, with contracts closing the day up 1 1/4 to 3 cents. Near record ethanol output and continued spillover strength in wheat helped. The national average Cash Corn price from cmdtyView was up 3 cents at $4.07 3/4 per bu. EIA...
Soybeans Fall to Weakness on Wednesday as Bean Oil Adds Pressure
Soybeans continued to see weakness on Wednesday as contracts posted losses of 4 ½ to 19 ¼ cents. CmdtyView’s national front month Cash Bean price was down 7 1/12 cents at $9.39. Soymeal futures were up 70 cents to $1.30/ton, but Soy Oil futures brought the pressure, down another 95...
Cotton Rally on Wednesday
Cotton futures ended the midweek Wednesday session with contracts rallying 65 to 157 points. The outside markets were pressure factors but were shrugged off. The US dollar index is up 457 points, with crude oil futures back down 23 cents/barrel. The Seam reported 2,808 bales of online sales on November...
Hogs Rally Resumes on Wednesday as Negotiated Cash Firms
Lean Hog futures closed out the Wednesday session with contracts up 57 cents to $1.52. The national average base hog negotiated price was up $2.55 in the Wednesday PM report at $85.04. The CME Lean Hog Index was reported at $88.09 on November 18, down another 40 cents from the...
Wheat Strength Pushes ton Wednesday’s Close as Black Sea Tensions Remain High
The wheat complex continues to extend higher as the Black Sea tensions heighten, with all three markets closing higher. Chicago SRW futures were up 2 3/4 to 5 cents across the board at the close. KC HRW contracts saw gains of 2 to 3 1/2 cents to close out the...
Cattle Post Mixed Trade on Wednesday
Live cattle futures rounded out Wednesday trade with contracts within 27 cents on either side of unchanged. Cash trade came across at mostly $185 across the country last week, down $1 to $3. Action early in the week has been mostly compiling showlists. Asks so far this week have started...
Cotton Rallying at Midday
Cotton futures are trading with 101 to 108 midday gains so far. The outside markets are pressure factors at midday but being shrugged off. The US dollar index is up 527 points, with crude oil futures back down 35 cents/barrel. The Seam reported 2,808 bales of online sales on November...
Hogs Rallying on Wednesday
Lean Hog futures are trading with $1 to $1.80 gains so far on Wednesday’s midday. The national average base hog negotiated price was up $3.16 in the Wednesday AM report at $85.16. The CME Lean Hog Index was reported at $88.09 on November 18, down another 40 cents from the...
Soybeans Off the Lows, Still Showing Midday Weakness
Soybeans are facing continued weakness, with pressure coming from oil this time, as contracts are down 4 to 5 cents at midday. CmdtyView’s national front month Cash Bean price is down 3 3/4 cents at $9.43 3/4. The products were back to lower trade on the day to add pressure....
Corn Turning Higher at Midday
The corn market is rallying off early session lows on Wednesday, with contracts up 2 to 4 cents so far at midday. The national average Cash Corn price from cmdtyView is up 4 1/4 cents at $4.09 per bu. EIA data from this morning showed ethanol production backing off modestly...
Cattle Showing Mixed Wednesday Trade
Live cattle futures are trading with contracts down 27 cents to 15 cents higher at midday. Cash trade came across at mostly $185 across the country last week, down $1 to $3. Action early in the week has been mostly compiling showlists. Asks have started to come in around $187-188,...
Wheat Showing Midday Strength
The wheat complex continues to extend higher as the Black Sea tensions remain high, as all three markets are higher. Chicago SRW futures are up 4 to 6 cents across the nearbys, KC HRW contracts are posting gains of 6 to 7 cents on the session. MPLS spring wheat is...
Hogs Look to the Midweek Session
Lean Hog futures posted mixed trade on Tuesday, with contracts down 5 to 47 cents in the nearbys and deferreds up 2 to 52 cents. The national average base hog negotiated price was down 83 cents in the Tuesday PM report at $82.49. The CME Lean Hog Index was reported...
Cotton Reverting Higher in Early Wednesday Trade
Cotton prices are trading with 38 to 51 point gains so far on Wednesday. Futures closed out Tuesday with a nearby bounce, as front months were up 11 to 27 points, with some deferred contracts down 1 to 8 points. The outside markets were again supportive, as the US dollar...
Cattle Post Tuesday Rally
Live cattle futures extended their strength into Tuesday, closing with gains of $1.175 to $2.475 across the board. Cash trade came across at mostly $185 across the country last week, down $1 to $3. Action early in the week has been mostly compiling showlists. Asks have started to come in...