Wheat Hitting New Lows on Tuesday Morning
Wheat is continuing its grind lower on Tuesday morning. The wheat complex was mostly lower on Monday, with some back months seeing strength at the close. CBT soft red wheat futures saw front months with fractional to 2 cent losses, as some deferreds were ¼ cent higher. Preliminary open interest...
Cotton Falling Lower on Tuesday
Cotton price action is fown 33 to 38 points on Tuesday morning. Futures were 16 to 35 points lower across most contracts on Monday, as pressure continues to show up. The US dollar index was back up $0.273 on the session to $99.005, with crude oil $0.63/barrel higher. Friday’s online...
Hogs See Monday Bounce, Look to Tuesday Action
Lean hog futures were mixed on Monday, with the front months leading the charge higher, up 7 to 82 cents. October futures expire on Tuesday. USDA’s national base hog price from Monday afternoon was reported at $92.29, down $4.11 from the day prior. The CME Lean Hog Index was down...
Soybeans Slipping Back on Tuesday AM Trade
Soybeans are trending lower on Tuesday morning, with losses of 4 to 5 cents. Futures saw a slight recovery on Monday with contracts up fractionally to 2 ½ cents at the close. Open interest data was down 5,810 contracts on Monday. November soybeans are averaging $10.18 at the close in...
Cattle Bulls Looking to Continue Run on Tuesday
Live cattle futures were higher again on Monday, with gains of 35 cents to $2.22. There were no deliveries issued for October live cattle on Monday, with the oldest long dated August 7. Cash cattle trade last week closed in on $234-235 for much of the country, $2 higher in...
Corn Losses Continuing on Tuesday Morning
Corn futures are down 1 to 2 cents early on Tuesday. The corn market rounded out the Monday session with contracts posting fractional to 2 ¼ cent losses. Preliminary interest continues to show some mew selling interest, up 15,821 contracts on Monday. The CmdtyView national average Cash Corn price was...
Soybeans See a Slight Bounce on Monday
Soybeans saw a slight recovery on Monday with contracts up fractionally to 2 ½ cents at the close. November soybeans are averaging $10.18 at the close in the nine sessions through October. The cmdtyView national average Cash Bean price was 1 3/4 cents higher at $9.33 3/4. Soymeal futures were...
Corn Closes Monday with Losses
The corn market rounded out the Monday session with contracts posting fractional to 2 ¼ cent losses. The CmdtyView national average Cash Corn price was 2 ¼ cents lower at $3.69 1/2. December has averaged a $4.18 close since the first of October. Amid the government shutdown, Monday is Columbus...
Cattle Strength Continues on Monday
Live cattle futures saw another round of strength on Monday, with gains of 35 cents to $2.22. There were no deliveries issued for October live cattle on Monday, with the oldest long dated August 7. Cash cattle trade last week closed in on $234-235 for much of the country, $2...
Cotton Close Monday with Losses
Cotton futures were 16 to 35 points lower across most contracts on Monday, as pressure continues to show up. The US dollar index was back up $0.273 on the session to $99.005, with crude oil $0.63/barrel higher. On Friday, President Trump announced a new 100% tariff on Chinese goods starting...
Wheat End Monday with Losses
The wheat complex was mostly lower on Monday, with some back months seeing strength at the close. CBT soft red wheat futures saw front months with fractional to 2 cent losses, as some deferreds were ¼ cent higher. KC HRW futures posted 1 ¾ to 2 ¾ cent losses in...
Hogs Close with Gains On Monday
Lean hog futures were mixed on Monday, with the front months leading the charge higher, up 7 to 82 cents. USDA’s national base hog price from Monday afternoon was reported at $92.29, down $4.11 from the day prior. The CME Lean Hog Index was down another 65 cents on October...
Cattle Rally Continuing to Start New Week
Live cattle futures are $1.70 to $2.22 higher at the midday portion of trade on Monday. Cash cattle trade last week closed in on $234-235 for much of the country, $2 higher in the South and up $4-5 in the North. Feeder cattle futures are up $1 to $2.15 so...
Cotton Back to Mixed Monday Action
Cotton futures are showing some mixed trade on Monday, with December up a tick and other contracts down a dime. December was down 146 points last week. The US dollar index is back up $0.233 on the session to $98.965, with crude oil $0.76/barrel higher. On Friday, President Trump announced...
Hogs Bouncing Higher on Monday
Lean hog futures are showing some recovery higher on Monday, with gains to 30 cents to $1. USDA’s national base hog price from Monday morning was not reported due to light volume, with a 50-day rolling average at $97.31. The CME Lean Hog Index was down another 65 cents on...