Live cattle futures are trading with Thursday midday strength so far, as contracts are up 37 cents to $1.025. Cash trade has kicked off this week at $203 in the South, down $3, though the rest of the country has been quiet. Middy bids on Thursday are $202-203. The Thursday...
Cotton futures are trading with Thursday losses of 58 to 66 points across most contracts at midday. The outside markets should be supportive factors at midday, as crude oil futures are 4 cents/barrel higher, with the US dollar index $0.558 higher on the day. Export Sales data from this morning...
The wheat complex is trading with gains across the three main markets on Thursday. Chicago SRW futures are posting 2 to 3 cent gains in the front months. KC HRW futures are trading with 5 to 6 cent gains at midday. MPLS spring wheat is trading with slightly 1 to...
The soybean market is seeing bulls push back on Thursday with midday gains of 2 to 3 cents. The national front month Cash Bean price from cmdtyView is up 3 cents at $9.69 1/4. Soymeal futures are down $1.40/ton, with Soy Oil futures back up 65 points so far on...
Lean hog futures are trading with midday moves of 15 cents lower to slightly higher on Thursday. The CME Lean Hog Index was up another 89 cents on February 11 at $87.08. The national average base hog negotiated price on Thursday morning was reported at $90.42, up $1.85 from the...
Corn price action at Thursday’s midday is mixed, with nearby contracts up 1 to 3 cents and new crop December down 1 ¼ cents. CmdtyView’s national average Cash Corn price is up 3 1/4 cents at $4.59 1/4. This morning’s Export Sales report showed a total of 1.649 MMT of...
Beans are posting slightly lower trade as we begin Thursday, with contracts down 1 to 2 ¼ cents. The soybean market faced a weaker trade on Wednesday, with futures down 11 to 16 cents across most contracts, led by the nearbys. The average November futures close in February, used to...
The corn market is trading with Thursday AM losses of 2 to 4 ¼ cents. Corn futures were held up on Wednesday, closing with gains of 3 to 6 ¼ cents. The average close for December futures has been $4.69 in February, which is used for determining the base crop...
Cotton prices are facing pressure on Thursday morning, with losses of 50 to 70 points. Futures closed the midweek session with the gains of 2 to 12 points. The outside markets were pressure factors on the midweek session, as crude oil futures were down $2.10/barrel, with the US dollar index...
The wheat complex is showing some strength so far to kick off trade on Thursday, with gains across the three exchanges. Wheat futures held onto the weakness into the close on Wednesday, with losses in the three markets. Chicago SRW futures were down 2 to 3 cents across the nearbys...
Live cattle futures were weaker on Wednesday after showing early signs of strength, as contracts closed steady to 52 cents lower. There were no deliveries issued against February live cattle on Wednesday, with the oldest long dated May 29. Cash trade has kicked off this week at $203 in the...
Lean hog futures posted gains of 70 cents to $1.35 across most contracts at the Wednesday close. USDA’s national average base hog negotiated price was reported at $89.25 on Wednesday afternoon, up 70 cents from the previous day. CME’s Lean Hog Index was reported at $86.19 on February 10, up...
Soybeans closed out the Wednesday session, with contracts 11 to 16 cents in the red across most months, led by the nearbys. New crop seems content with not buying soybean acres, as the current soy corn ratio is 2.20. The average close in February for November futures, used to determine...
Wheat futures held onto the weakness into the close on Wednesday, with losses in the three markets. Chicago SRW futures were down 2 to 3 cents across the nearbys on the day. KC HRW futures were faced with fractional to 2 cent losses at the close. MPLS spring wheat was...
Live cattle trade on Wednesday showed early signs of strength, but faded into the close. Contracts settled with steady to 52 cent loses. There were no deliveries issued against February live cattle on Wednesday, with the oldest long from May 29. Initial cash action saw cattle exchange hands at $203...