Cattle Rallies into the Weekend Despite Cash Weakness
Live cattle futures rallied back on Friday, closing with $3.05 to $4.10 gains heading into the weekend. Cash trade this week saw sales at $230-233 in the North and $223-225 in the South. Friday’s Central Stockyards Fed Cattle Exchange auction showed sales of $224-225, with BidTheGrid™ sales of $225 and...
Hogs Come Back into the Friday Close, as Specs Reach Record Net Long
Lean hog futures came back into the close after gapping lower at the open, as contracts closed 2 to 92 cents higher in the nearbys and down a quarter in October. July was up 47 cents on the week. USDA’s national base hog price was $108.09 in the Friday PM...
Wheat Closes Mixed to Round Out Rough Week for the Bulls
The wheat complex was mixed across the three markets on Friday. Chicago SRW wheat was 3 to 4 cents higher on the day, with July falling back 43 cents this week. KC HRW contracts were steady to 2 cents lower, with the front month July losing 47 ¼ cents on...
Corn Bulls Get a Bounce into the Weekend
Corn futures closed the Friday session with gains of 6 to 8 cents in the front months as bears let off the gas into the weekend ahead of Monday’s USDA reports. July was down 11 ¼ cents this week, with December losing 14 ¼ cents. The front month CmdtyView national...
Cotton Bulls Push Gains into the Weekend
Cotton futures closed out the Friday session with contracts up 45 to 66 points, as July was 348 points higher. Crude oil is down $0.19/barrel, with the US dollar index up $0.113 The Friday afternoon Commitment of Traders report showed cotton spec traders trimming back 2,946 contracts from their net...
Soybeans Take Back Some Losses on Friday
Soybean bulls fought back on Friday, with futures closing 5 to 8 cents higher on the session. July was down 40 ¼ cents this week, as November fell 36 cents. The cmdtyView national average Cash Bean price was up 4 3/4 cents at $9.84 1/2. Soymeal futures closed the day...
Cotton Gains Extending into the Weekend
Cotton futures are up 56 to71 points so far on Friday’s midday. Crude oil is down $0.09/barrel, with the US dollar index down $0.108. Weekly Export Sales data showed total cotton export bookings shipped and unshipped at 11.696 million RB, which is 109% of the USDA projection and behind the...
Corn Seeing Buying Ahead the Weekend
Corn futures are trading with contracts 4 to 6 cents higher at Friday’s midday, as traders square up ahead of the Friday USDA reports. The front month CmdtyView national average Cash Corn price is up 5 3/4 cents at $3.92 3/4. Ahead of the USDA Grain Stocks report, analysts estimate...
Cattle Pushing Higher to Close Out the Week
Live cattle futures are back up $3.15 to $4 on Friday. Cash trade saw some light action on Thursday at $230-233 in the North and $223-225 in the South. Friday’s Central Stockyards Fed Cattle Exchange showed sales of $224-225, with BidTheGrid™ sales of $225 and $230. Feeder cattle futures are...
Soybeans Bouncing to End the Week
Soybean bulls are putting back on some gains on Friday, with contracts up 8 to 12 cents so far. The cmdtyView national average Cash Bean price is up 8 1/4 cents at $9.88 1/2. Soymeal futures are recovering higher on Friday, with July up 50 cents. Soy Oil are down...
Wheat Showing Mixed Action on Friday
The wheat market mixed across the three markets on Friday. Chicago SRW wheat is 5 to 7 cents higher so far on the day. KC HRW contracts are fractionally to 2 cents in the green. MPLS spring wheat is mixed, with September up ½ cent. Traders surveyed by Bloomberg are...
Hogs Mixed at Midday
Lean hog futures are posting mixed trade on Friday, with July up 62 cents and other contracts down 15 to 55 cents. USDA’s national base hog price was $107.85 in the Friday AM report, down 24 cents from the previous day. The CME Lean Hog Index was up 48 cents...
Wheat Popping Higher into Friday
The what market is trading with gains across the three markets on Friday morning. Wheat posted weakness across the three markets on Thursday, as the reversion lower is extending. Chicago SRW wheat was 7 to 8 cents lower at the close. KC HRW contracts were 5 to 6 cents in...
Cattle Look to Round Out Week
Live cattle futures were steady to 25 cents higher on Thursday, with cash weakness starting to creep in. Cash trade saw some light action on Thursday at $230 in the North and $223-225 in the South. Feeder cattle futures saw 67 cent to $1 higher trade across most contracts on...
Soybeans On the Higher Side of Unchanged to Start Friday
The soybean market is trying to end the week on a higher note, with front months fractionally higher and November up 2 cents. Soybeans posted Thursday losses of 1 to 3 cents at the close, as multi-year lows in Meal are adding to the pressure. The cmdtyView national average Cash...