Soybeans Fail to See Strength into the Weekend
Soybeans posted Friday losses of 6 to 9 cents on the session, with futures failing to see bulls show up after USDA data was released. August soybeans dropped 51 1/4 cents this week, as November fell 42 cents from last Thursday’s close. The cmdtyView national average Cash Bean price was...
Cattle Rally to Close Out the Week
Live cattle futures found some strength on Friday with higher cash movement, as contracts were up $2.30 to $3. August was up $8.15 this week. Cash trade picked up to $228-$230 on Friday, in the South, up $4-5. Northern Action was $240, $8-10 higher wk/wk. Feeder cattle posted Friday gains...
Cotton Pushes Losses into the Weekend
Cotton futures ended the Friday session with losses of 5 to 30 points, as December was down 104 on the week. Crude oil is up $2.10 /barrel at $68.67, with the US dollar index $0.233 higher to $97.555. The monthly update to the USDA balance sheets showed a 300,000 bale...
Hogs Easing Lower into the Weekend
Lean hog futures closed out Friday with losses of 50 cents to $1.65, as August was down $1.42 this week. USDA’s national base hog price was reported at $106.59 on Friday afternoon, dropping $5.74 from the day prior. The CME Lean Hog Index was up a dime at $107.14 on...
Wheat Losses Led by HRS Contracts
The wheat complex posted losses across the three markets on Friday, following a larger than expected production total. Chicago SRW wheat was down 9 to 10 cents, with September down 11 ¾ cents this week. KC HRW contracts were down 10 to 11 cents on the day, taking the week...
Corn Adds to Week’s Losses on Friday
Corn futures failed to see much buying post-USDA data release on Friday, as futures slipped into the close with losses of 3 to 5 cents. September closed out the week with a loss of 24 ¼ cents, as December was down 24 ¾. The front month CmdtyView national average Cash...
Cotton Leaking Lower Following USDA Production Increase
Cotton prices are trading with losses of 20 to 50 points so far on Friday trade. Crude oil is up $1.88/barrel at $68.45, with the US dollar index $0.193 higher to $97.515. The monthly update to the USDA balance sheets showed a 300,000 bale hike to US cotton exports at...
Corn Bulls Fail Bite on USDA Report
Corn futures are failing to see much upward movement following some friendlier USDA data from this morning. Contracts are down 2 to 5 cents across the front months at midday. The front month CmdtyView national average Cash Corn price is down 2 ¼ cents at $3.83. Late on Thursday, President...
Wheat Pulling Back as USDA Raises Production
The wheat complex is showing weakness with a larger than expected US production number reported on Friday. Chicago SRW wheat is trading with 6 to 7 cent losses on Friday. KC HRW contracts are slipping back with midday weakness of 7 to 8 cents. MPLS spring wheat is showing losses...
Soybeans Losses Extending on Friday Following USDA Release
Soybeans are showing losses extending 3 to 7 cents so far on Friday. The cmdtyView national average Cash Bean price is down 5 3/4 cents at $9.66. Soymeal futures re down 50 to 80 cents/ton, as Soy Oil was 25 to 31 points higher. USDA reported a private export sale...
Hogs Easing Lower into the Weekend
Lean hog futures are trading with 30 to 65 cent losses on Friday’s midday. USDA’s national base hog price was reported at $106.04 on Friday morning, dropping $6.71 from the day prior. The CME Lean Hog Index was up a dime at $107.14 on July 9. Pork production out of...
Cattle Posting Gains to Round Out the Week
Live cattle futures are putting their rally pants back on, with contracts up 2 to $2.75 at midday. Cash trade has been limited this week, with some light $225 Southern action reported early and bids on Thursday at $223-227. A few northern trades were tallied at $235. The Friday morning...
Wheat Slipping Ahead of USDA Data
Wheat futures are training with losses across all three markets on Friday morning. The wheat complex posted mostly higher trade on Thursday, with some spring wheat months an exception. Chicago SRW wheat was 7 to 9 cents higher on the Thursday session. KC HRW contracts were up 8 to 11...
Cattle Look to Round Out Week After Retreating on Thursday
Live cattle futures failed to hold into the early gains on Thursday, with beef pressure pushing things 5 to 55 cents lower into the close. Preliminary open interest was up 2,711 contracts. Cash trade saw very light $225 Southern action reported early this week, with bids on Thursday at $223-227....
Cotton Looking at Lower Trade Early on Friday
Cotton prices are trading with most contracts down 20 to 30 points, as front month October is up 28 points. Futures closed out the Thursday session with losses of 5 to 11 points at the final bell. Crude oil is down $1.51 cents/barrel at $66.86, with the US dollar index...