Cotton Continues Pullback on Wednesday AM Trade
Cotton prices are down 22 to 30 points on Wednesday morning. Futures posted losses of 8 to 25 points across most contracts on Tuesday. The US dollar index was back down $0.215 on Tuesday to $98.815, with crude oil $0.85/barrel lower. Monday’s online auction from The Seam showed 628 bales...
Cattle Look to Wednesday After Tuesday Rally
Live cattle futures saw gains of $1.25 to $1.75 across the front months on Tuesday. Preliminary open interest was up 2,828 contracts on Tuesday. There were 10 deliveries tendered against October live cattle for Amarillo on Tuesday. Cash trade has yet to get kicked off this week, with last week...
Soybeans Losses Continuing Early on Wednesday
Soybeans are down 1 to 2 ½ cents on Wednesday AM trade. The market held the losses on Tuesday, with contracts closing steady to 1 ¼ cents higher and off the early lows. Tuesday’s open interest data was up 2,013 contracts. The cmdtyView national average Cash Bean price was 1...
Hogs Look to Tuesday as Pullback Continues
Lean hog futures saw mostly lower action on Tuesday, down $1.50 to $1.70. October futures expired on Tuesday, up a nickel. Preliminary open interest was down 3,091 contracts, showing continued long liquidation. USDA’s national base hog price from Tuesday afternoon was reported at $93.05, up 76 cents from the day...
Wheat Fading Back Lower to Start Wednesday Trade
The wheat complex was strength on Tuesday across the three markets. CBT soft red wheat futures saw contracts 3 to 4 cents higher at the close. An increase of 5,353 contracts of open interest was noted on Tuesday, suggesting new long interest. KC HRW futures held the strength on Tuesday,...
Corn Slipping Back on Wednesday Morning
Corn price action is trading fractionally to 2 cents lower on Wednesday morning. Futures posted Tuesday gains of 1 to 2 ¼ cents on the session. Preliminary open interest showed a rotation of ownership up just 470 contracts. The CmdtyView national average Cash Corn price was up 1 ¾ cents...
Corn Close with Gains on Tuesday
Corn futures posted Tuesday gains of 1 to 2 ¼ cents on the session. The CmdtyView national average Cash Corn price was up 1 ¾ cents at $3.70 1/4. USDA tallied corn export shipments at 1.129 MMT (44.47 mbu) during the week ending on October 9. That was 119.74% above...
Soybeans Bounce into the Tuesday Close, Hold onto Losses
Soybeans held the losses on Tuesday, with contracts closing steady to 1 ¼ cents higher and off the early lows. The cmdtyView national average Cash Bean price was 1 1/4 cents lower at $9.32 1/2. Soymeal futures were mixed, with contracts up 50 cents to 80 cents lower, with Soy...
Cattle Bulls Maintain Momentum on Tuesday
Live cattle futures saw gains of $1.25 to $1.75 across the front months on Tuesday. There were 10 deliveries tendered for Amarillo on Tuesday. Cash trade has yet to get kicked off this week, with last week centering in at $234-235. Feeder cattle futures were up another $4.30 to $4.70...
Cotton Holds onto Losses on Tuesday
Cotton futures posted losses of 8 to 25 points across most contracts on Tuesday. The US dollar index was back down $0.215 on Tuesday to $98.815, with crude oil $0.85/barrel lower. Monday’s online auction from The Seam showed 628 bales sold with an average price of 60.94 cents/lb. The Cotlook...
Wheat Bounces Higher on Tuesday
The wheat complex was strength on Tuesday across the three markets. CBT soft red wheat futures saw contracts 3 to 4 cents higher at the close. KC HRW futures held the strength on Tuesday, as contracts closed with 6 to 7 ¼ cent gains. MPLS spring wheat futures were up...
Hog Retreat Continues on Tuesday
Lean hog futures saw mostly lower action on Tuesday, down $1.50 to $1.70. October futures expired today, up a nickel. USDA’s national base hog price from Tuesday afternoon was reported at $93.05, up 76 cents from the day prior. The CME Lean Hog Index was down another 86 cents on...
Hogs Falling on Tuesday
Lean hog futures are up a nickel ahead of expiration, with other contracts down $1.50 to $1.65. October futures expire today. USDA’s national base hog price from Tuesday morning was not reported due to light volume, with the 5-day rolling average at $97.31. The CME Lean Hog Index was down...
Wheat Rallying from New Lows at Midday
The wheat complex is posting gains across most contracts on Tuesday. CBT soft red wheat futures are 4 to 5 cents higher so far. KC HRW futures are in rally mode, up 7 to 8 cents on Tuesday MPLS spring wheat futures are up 2 to 3 cents across the...
Cotton Posting Tuesday Losses
Cotton futures are 11 to 23 points lower so far on Tuesday, as selling continues at midday. The US dollar index was back down $0.265 on the session to $99.770, with crude oil $0.81/barrel lower. Monday’s online auction from The Seam showed 628 bales sold with an average price of...