Cattle Falls as Border Reopens
Live cattle futures posted $2.30 to $3.12 losses at the close on Tuesday. Cash action was mostly compiling showlists on Monday. Trade last week saw sales at $230-233 in the North and $223-225 in the South. The Tuesday morning Fed Cattle Exchange online auction showed no bids on the 1,064...
Wheat Bulls Take Some Gains Back on Tuesday
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. There were 193 contracts issued against CBT wheat overnight. KC HRW contracts pushed higher into the close,...
Cotton Stocks Near Unchanged on Tuesday
Cotton futures saw steadier trade on Tuesday, with the front month and thin contracts unchanged and December down 10 points. Crude oil was up $0.45/barrel, with the US dollar index $0.193 lower. Weekly Crop Progress data showed 95% of the US cotton crop planted (98% on average), with 40% squaring...
Hogs Close Mixed on Tuesday, As Cutout Slide Continues
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...
Soybeans Come Back to Close with Slight Gains
Soybeans came back to close with fractional gains across most front months on Tuesday, despite early weakness. There were 503 deliveries issued overnight. The cmdtyView national average Cash Bean price was up 7 cents at $9.88 3/4. Soymeal futures were down $1.60 to $2.10 on the day, as Soy Oil...
Corn Pulls Off Lows But Still Posts Losses
Corn futures climbed out of their overnight hole on Tuesday, though contracts still closed with fractional to 3 ½ cent losses. There were no deliveries against July futures overnight. The front month CmdtyView national average Cash Corn price was steady at $3.92 3/4. Grain Crushings data showed a total of...
Cattle Falling on Border News
Live cattle futures are trading with $2.17 to $2.50 gains so far on Tuesday. Cash action was mostly compiling showlists on Monday. Trade last week saw sales at $230-233 in the North and $223-225 in the South. The Tuesday morning Fed Cattle Exchange online auction showed no bids on the...
Cotton Bulls Giving into Weakness at Midday
Cotton futures are trading with most contracts steady to 18 points in the red on Tuesday. Crude oil is up $0.49/barrel, with the US dollar index $0.067 higher. Weekly Crop Progress data showed 95% of the US cotton crop planted (98% on average), with 40% squaring (3 points ahead of...
Hogs Showing Mixed Trade on Tuesday
Lean hog futures are trading with front months down 57 cents to $1.37 on Tuesday, with October up a nickel. USDA’s national base hog price was down $3.23 in the Tuesday morning report, with negotiated trade at $109.28. The CME Lean Hog Index was back down 26 cents at $111.76...
Soybeans Looking at Mixed Action on Tuesday
Soybeans are trading with contracts steady to 2 cents lower in the front months and nearing penny gains in the new crop. There were 503 deliveries issued overnight. The cmdtyView national average Cash Bean price is doupwn 7 3/4 cents at $9.89 3/4. Soymeal futures are down $2.40 so far...
Corn Weakness Extending to Tuesday’s Midday
Corn prices are pulling off their early session lows, though contracts are still down 1 to 4 cents across the nearbys at midday. There were no deliveries against July futures overnight. The front month CmdtyView national average Cash Corn price is down 3/4 cents at $3.91. Crop Progress data indicated...
Wheat Bulls Trying to Take Back Ground on Tuesday
The wheat market is trading with mostly higher action across the three markets at midday. Chicago SRW wheat is up 7 to 8 cents on the day. There were 193 contracts issued against CBT wheat overnight. KC HRW contracts are holding fractional gains at midday. There were 310 deliveries against...
Cattle Look to React to Border Reopening
Live cattle futures posted gains of 35 cents to $1.12 on the Monday session. Cash action was mostly compiling showlists on Monday. Trade last week saw sales at $230-233 in the North and $223-225 in the South. Feeder cattle futures closed out the Monday session with contracts $2.70 to $2.80...
Cotton Bouncing Early on Turnaround Tuesday
Cotton price action is trading with 15 to 25 point gains on Tuesday Morning. Futures posted triple digit losses on Monday, with contracts down 112 to 124 points on larger than expected acreage number reported. Crude oil was down $0.55/barrel, with the US dollar index $0.590 lower. Weekly Crop Progress...
Corn Falling on Ratings Improvement
Corn is falling on Tuesday morning, down 5 to 8 cents as USDA crop ratings showed improvement on Monday. Futures closed out the Monday session with losses of 1 to 3 cents across most contracts, as an acreage cut failed to provide the bulls with much fuel. Preliminary open interest...