Corn Weakness Extends to Tuesday
The corn market was lower on Tuesday with contracts falling another 4 to 6 cents across the nearbys. The nearby CmdtyView national average Cash Corn price was down 4 3/4 cents at $4.14 3/4. Crop Progress data from Monday afternoon showed the US corn crop at 62% planted as of...
Soybeans Rally from Early Weakness
Soybeans saw contracts pulling well off their lows on Tuesday, with contracts up 1 to 2 cent sin the nearbys. The cmdtyView Cash Bean price was up 1 3/4 cents to $10.22 3/4. Soymeal futures were down $3.80 to $5.20 so far on the day, with Soy Oil futures rallying...
Cattle Post Mixed Trade on Tuesday
Live cattle futures rounded out Tuesday with contracts holding steady, and the nearbys within a nickel of unchanged. Cash trade settled in last week $218-220 in the South, with northern action at $225-228. Feeder cattle futures closed out the Tuesday session with contracts down a nickel to 40 cents. The...
Hogs Post Gains on Tuesday
Lean hog futures posted gains of 25 cents to $1.20 on the Tuesday session. May expires on Wednesday. USDA’s national average base hog negotiated price was reported at $97.27 on Tuesday afternoon with a 5-day rolling average at $94.27. The CME Lean Hog Index was down 7 cents on May...
Cotton Pulls Back on Tuesday
Cotton futures closed out the Tuesday session with contracts slipping 6 to 35 lower. Crude oil prices are trading with gains of $1.67/barrel. The US dollar index was back down $0.789 to $100.810. Crop Progress data showed 28% of the US cotton crop planted as of 5/11, now behind the...
Wheat Sees Positive Action on Tuesday
The wheat market saw Turnaround Tuesday action, with winter wheats posting gains. Chicago SRW futures turned higher on Tuesday, with nearbys closing up 2 cents. Kansas City HRW futures closed with 3 to 4 cent gains. Minneapolis spring wheat futures saw continued weakness, with losses of 3 to 4 cents....
Cattle Showing Slight Gains on Tuesday
Live cattle futures are mixed with June down a tick and other contract 40 to 55 cents higher. Cash trade settled in last week $218-220 in the South, with northern action at $225-228. Feeder cattle futures are trading with 12 to 55 cent gains so far on Tuesday. The CME...
Hog Rally Continues on Tuesday
Lean hog futures are trading with contracts up 27 cents to $1.40. USDA’s national average base hog negotiated price was not reported on Tuesday morning with a 5-day rolling average at $94.12. The CME Lean Hog Index was down 7 cents on May 9, at $89.92. The Tuesday morning FOB...
Soybeans Rallying Higher off Early Losses
Soybeans are trading with contracts up 2 to 5 cents in the green, well off the morning lows. The cmdtyView Cash Bean price is up 3 1/4 cents to $10.23 1/4. Soymeal futures are down $4.90 so far on the day, with Soy Oil futures rallying 170 points into the...
Cotton Mixed on Tuesday
Cotton futures are trading with contracts down 18 to slightly higher in some nearby contracts on Tuesday. Crude oil prices are trading with gains of $1.80/barrel. The US dollar index was back down $0.714 to $100.890. Crop Progress data showed 28% of the US cotton crop planted as of 5/11,...
Corn Falling Lower at Tuesday’s Midday
The corn market is facing pressure at Tuesday’s midday, with contracts down 4 to 7 cents. There were another 67 deliveries issued against May overnight. The nearby CmdtyView national average Cash Corn price was down 1 1/2 cents at $4.19 1/2. Crop Progress data from Monday afternoon showed the US...
Wheat Turning Higher on Tuesday
The wheat market is posting a turnaround Tuesday trade, with winter wheats posting gains. Chicago SRW futures are 3 to 4 cents in the green at Tuesday’s midday. There were 8 deliveries issued against May CBT wheat overnight. Kansas City HRW futures are trading with 3 to 4 cent gains...
Wheat Losses Extend to New Lows
The wheat market is looking at new lows on Tuesday morning, with losses across the board. Wheat futures fell lower across the three exchanges on Monday, pressured by less than bullish USDA data. Chicago SRW futures were 6 to 7 cents in the red on the Monday session. Tuesday’s preliminary...
Cattle Look to Tuesday Trade after Monday Rally
Live cattle futures were $1.50 to $2.15 higher into the close on Monday. Preliminary open interest was down 1,079 contracts. Cash trade settled in last week $218-220 in the South, with northern action at $225-228. Feeder cattle futures were in a rally mode on Monday, with gains of $5.12 to...
Hogs Shift Focus to Tuesday Following Monday Strength
Lean hog futures saw gains on Monday, with contracts up anywhere from 35 cents to $2.05. Preliminary open interest was up 6,894 contracts on Monday. USDA’s national average base hog negotiated price was reported at $95.29 on Monday afternoon, up $0.82 The CME Lean Hog Index was down 8 cents...