Soybeans Post Friday Gains, Despite Larger US Stocks
Soybeans posted 12 to 13 cent gains in the front months on Friday, as November was up 19 ¼ cents since last Friday. The cmdtyView national average Cash Bean price was up 13 cents at $9.70 1/4. Soymeal futures were up 60 cents to $1.50, with October up $7.10 on...
Wheat Sneaks Out Gains Heading into the Weekend
The wheat complex saw Friday gains, as USDA gave a friendlier US number. CBT soft red wheat futures were 2 to 3 cents in the higher at the close, with December up 4 ¼ cents this week. KC HRW futures were up 4 to 5 cents across the front months,...
Cattle Fall Lower into the Weekend
Live cattle futures resumed some selling into the Friday close, with contracts $2 to $2.30 in the red and October down $6 this week. Cash activity narrowed in at $240 across the country down $2 from last week. Feeder cattle futures closed out Friday falling $4.82 to $7.25 lower in...
Hogs End Friday with Weakness
Lean hog futures slipped back lower on Friday, with contracts down 20 cents to $1.05, as October was still up $1.10 this week. USDA’s national base hog report from Friday afternoon saw trade averaging $103.94, down $3.35 from the day prior. The CME Lean Hog Index was back up 11...
Cotton Close Higher as USDA Leaves Balance Sheet with Minimal Changes
Cotton futures reversed higher on Friday, with most contracts up 10 to 12 points, as December was 80 points in the green. The US dollar index was up $0.127 on the day to $97.655 with crude oil futures $0.25 higher. Weekly CFTC data indicated spec traders adding 2,536 contracts to...
Corn Rallies on Friday Despite Increased Production Estimate
Corn futures closed with strength on Friday, as contracts were up 10 to 11 cents in the front months. December managed to close with a 12 cent gain this week. The CmdtyView national average Cash Corn price as up 10 1/2 cents at $3.85 1/2. USDA’s monthly Crop Production report...
Hogs Easing Lower into the Weekend
Lean hog futures are down 12 to $1.07 on Friday after a stronger week of trade. USDA’s national base hog report from Friday morning saw trade averaging $103.96, down $3.68 from the day prior. The CME Lean Hog Index was back up 11 cents on September 10 at $106.04. USDA’s...
Soybeans Rallying into Friday’s Midday Despite Higher Stocks Number
Soybeans are showing 9 to 10 cent gains so far on Friday, following a production and stocks increase by the USDA. There were 24 deliveries issued against September soybeans overnight. The cmdtyView national average Cash Bean price is up 9 cents at $9.66 1/4. Soymeal futures are up $1.30, with...
Cotton Showing Slight Midday Gains
Cotton futures are down 46 points in the thinly traded nearby October, with other contracts up 4 to 8 points at midday. The US dollar index is up $0.097 on the day to $97.625 with crude oil futures $0.38 lower. The monthly Cotton Ginnings report showed 338,200 RB of cotton...
Wheat Holding Losses Post USDA Report
The wheat complex closed Thursday, with contracts higher across the three exchanges. CBT soft red wheat futures are 4 to 5 cents in the red at midday. KC HRW futures are down 1 to 2 cents across the front months. There was a single delivery issued overnight against September KC...
Cattle Falling Lower at Midday on Friday
Live cattle futures are resuming some selling, with contracts $1.35 to $1.75 in the red. Cash activity so far this week has been $238-240 in the North, down $2-5 from last week, with Southern deals at $240. This morning’s Fed Cattle Exchange online auction showed $240 sales on 81 of...
Corn Holding Steady Following Another Acreage Hike
Corn futures are showing fractional gains so far on the Friday session, following another acreage increase to a now record number. There were 48 deliveries issued against September corn futures overnight. The CmdtyView national average Cash Corn price is up 1/2 cent at $3.76 1/2. USDA’s monthly Crop Production report...
Hog Traders Look to Round Out the Week
Lean hog futures posted 35 cent to $1.35 gains across most contracts on Thursday. USDA’s national base hog report from Thursday morning saw trade averaging $107.29, down 47 cents from the day prior. Preliminary open interest was up 5,434 contracts on Thursday, suggesting new buying interest. The CME Lean Hog...
Soybeans Quiet Ahead of USDA Reports
Soybeans are trading with fractional gains on Friday, with contracts fractionally higher. Futures closed Thursday with gains of 7 to 10 cents across most contracts. Preliminary open interest rose 10,261 contracts on Thursday, suggesting new buying interest. There were 24 deliveries issued against September soybeans overnight. The cmdtyView national average...
Corn Showing Fractional Gains on Friday Morning
Corn price action is showing fractionally higher trade so far on Friday morning. Futures closed the Thursday session squaring up ahead of the USDA reports on Friday, as contracts were up 2 to 3 cents. Preliminary open interest was up 12,188 contracts on Thursday. There were 48 deliveries issued against...