Hogs Turn Higher on Wednesday
Lean hog futures saw marginal strength of 40 to 95 cents on the Wednesday session. USDA’s national base hog price was back up 51 cents in the Wednesday afternoon report, with negotiated trade at $112.06. The CME Lean Hog Index was down 77 cents at $110.99 on June 30. USDA’s...
Cotton Bulls Gain Ground on Wednesday
Cotton futures closed out the Wednesday session with contracts up 40 to 60 points. Crude oil was up $2.09/barrel at $67.54, with the US dollar index $0.032 lower to $96.435. Earlier today, President Trump announced a trade deal with Vietnam, stating the country is charging no tariffs on US goods....
Cattle Bulls Push Back on Wednesday
Live cattle futures pushed higher into the Wednesday close, with contracts up $1.70 to $1.90 in the nearbys. The Wednesday morning Fed Cattle Exchange online auction showed $218 bids on 984 of the 1,064 head offered, with another BidTheGrid™ sale at $228 in IA. Outside of that, sales of $230-231...
Soybeans Rally on Wednesday
Soybeans were in rally mode on Wednesday, with contracts up 20 to 26 cents on the day. The cmdtyView national average Cash Bean price was up 23 3/4 cents at $10.12 1/2. Soymeal futures were $2.90 to $4.10 higher on the day, as Soy Oil was up 110 to 140...
Corn Posts Double Digit Strength on Wednesday
Corn futures found some strength on Wednesday, with some squaring things up ahead of the three day weekend. Contracts were up 9 to 12 cents. The front month CmdtyView national average Cash Corn price was up 11 3/4 cents at $4.03 1/2. Thursday will be the last trade day of...
Wheat Rallies into the Close
Wheat bulls were pushing things higher on Wednesday, with gains across all three markets. Chicago SRW wheat posted 15 to 19 cent gains on Wednesday. There was 1 contract issued against CBT wheat overnight. KC HRW contracts were 11 to 12 cents in the green at the final bell. There...
Wheat Rallying from Early Losses
Wheat is rallying on Wednesday across the three markets. Chicago SRW wheat is showing 10 to 13 cent gains on Wednesday. There was 1 contract issued against CBT wheat overnight. KC HRW contracts are uo 8 to 10 cents at Wednesday’s midday. There were 129 deliveries against KC wheat overnight....
Soybeans Rallying on Wednesday with Product Strength
Soybeans are rallying back on Wednesday, with contracts up 16 to 20 cents at midday. There were no deliveries issued overnight. The cmdtyView national average Cash Bean price is up 19 1/2 cents at $10.07 1/4. Soymeal futures were are $1.60 higher on the day, as Soy Oil is up...
Hogs Turning Back Higher on Wednesday
Lean hog futures are showing midday gains of 15 to 82 cents across most contracts at midday. USDA’s national base hog price was back up $2.81 in the Wednesday morning report, with negotiated trade at $112.09. The CME Lean Hog Index was down 77 cents at $110.99 on June 30....
Cattle Bouncing Back on Wednesday
Live cattle futures are rebounding on Wednesday with gains of 75 cent to $1. The Wednesday morning Fed Cattle Exchange online auction showed $218 bids on 984 of the 1,064 head offered, with another BidTheGrid™ sale at $228 in IA. Outside of that, sales of $230-231 were reported in NE....
Cotton Holding Gains at Wednesday’s Midday
Cotton futures are trading with 40 to 50 point gains at Wednesday’s midday. Crude oil is up $1.60/barrel, with the US dollar index $0.37 lower. Earlier today, President Trump announced a trade deal with Vietnam, stating the country is charging no tariffs on US goods. Nearly 24.8% of all US...
Corn Showing Midday Strength
Corn futures are getting a spark to move higher on Wednesday with contracts up 5 to 7 cents at midday. There were 78 deliveries against July futures overnight. The front month CmdtyView national average Cash Corn price is up 6 1/4 cents at $3.98. The weekly EIA report from this...
Hogs Look to Wednesday Trade As Cutout Pulls Back
Lean hog futures posted 55 cent to $1.10 weaker trade on Tuesday, with October up 17 cents. USDA’s national base hog price was down 33 cents in the Tuesday afternoon report, with negotiated trade at $111.55. The CME Lean Hog Index was back down 26 cents at $111.76 on June...
Wheat Sliding Lower Early on Wednesday
Wheat is showing slight weakness on Wednesday morning. The wheat market snuck out some gains on the Tuesday session, with contract higher across the three markets at the close. Chicago SRW wheat was up 8 to 11 cents on the day. Preliminary open interest was up 10,076 contracts on Tuesday....
Corn Pushing Weakness to Wednesday AM Trade
Corn price action is down 3 to 4 cents on Wednesday morning. Futures climbed out of their overnight hole on Tuesday, though contracts still closed with fractional to 3 ½ cent losses. Preliminary open interest was up 24,013 contracts on Tuesday, suggesting net new selling. There were 78 deliveries against...