Hogs Ease Lower on Tuesday
Lean hog futures closed out the Tuesday session with contracts 15 to 62 cents lower. USDA’s national base hog report from Tuesday afternoon was reported at $106.29, up 42 cents from the Monday PM report. The CME Lean Hog Index was unchanged on September 12 at $106.14. USDA’s FOB plant...
Cotton Rallies on Tuesday
Cotton futures posted gains of 82 to 97 points across most nearby contracts at Tuesday’s close. The US dollar index was down $0.635 so far on the day to $96.265, with crude oil futures $1.22 higher. NASS reported the US cotton crop 50% with bolls opening as of Sunday, with...
Corn Turns Back Higher on Tuesday
Corn futures held up into the close on Turnaround Tuesday, posting gains of 5 to 6 ¼ cents across the front months. The CmdtyView national average Cash Corn price was up 6 1/4 cents at $3.85 ¼. Crop Progress data showed the US corn crop at 7% harvested, matching the...
Soybeans Post Gains, as Bean Oil Leads the Charge
Soybeans rounded out the Tuesday session with contracts up 7 to 8 cents across the front months. The cmdtyView national average Cash Bean price was up 6 1/2 cents at $9.73 1/2. Soymeal futures were down a dime to 80 cents, with Soy Oil futures posting 59 to 93 point...
Cattle Pulls Back, as Beef Tumbles
Live cattle futures were weaker on Tuesday, with contracts down 80 cents to $1.15 across the front months. Much of this week’s early cash action has been compiling showlists. Last week was $240 across the country. Feeder cattle futures saw losses limited to just 20 to 80 cents in the...
Wheat Sees Rally on Tuesday with Weaker US Dollar
The wheat complex posted higher trade across the three markets on Tuesday. CBT soft red wheat futures posted 9 cent gains across the nearby contracts on Tuesday. KC HRW futures rallied 9 to 10 cents in the front months. MPLS spring wheat futures were up 4 to 5 cents at...
Cotton Bulls Gaining Ground on Tuesday
Cotton futures are trading with contracts 34 to 75 points higher across the nearbys at midday on Tuesday. The US dollar index is down $0.635 so far on the day to $96.265, with crude oil futures $1.26 higher. NASS reported the US cotton crop 50% with bolls opening as of...
Cattle Pulling Back on Tuesday
Live cattle futures are slipping back 72 cents to $1.40 so far on Tuesday. Cash activity narrowed in at $240 last week across the country down $2 from the week prior. Much of this week’s early action has been compiling showlists. Feeder cattle futures are giving some back this at...
Wheat Rallying on Tuesday
The wheat complex is trading with contracts higher across the three markets at midday. CBT soft red wheat futures are posting 8 to 9 cent gains in across most contracts on Tuesday. KC HRW futures are rallying, with 9 to 10 cents in the nearbys. MPLS spring wheat futures are...
Corn Posting Turnaround Tuesday Rally
Corn futures are posting 5 to 6 ¼ cent gains across most contracts on Turnaround Tuesday. The CmdtyView national average Cash Corn price is up 5 3/4 cents at $3.85. Crop Progress data showed 85% of the US corn crop dented as of Sunday, with 41% mature. Harvest was pegged...
Soybean Bulls Getting Some Help from Bean Oil
Soybeans are trading with contracts 6 to 8 cents higher across the front months at Tuesday’s midday. The cmdtyView national average Cash Bean price is up 6 1/2 cents at $9.73 1/2. Soymeal futures are up 50 to 80 cents, with Soy Oil futures posting 90 to 100 point gains....
Hogs Slipping Back on Tuesday
Lean hog futures are trading with marginal 12 to 50 cent losses across most contracts on Tuseday. USDA’s national base hog report from Tuesday morning was reported at $105.97, up a dime from the Monday PM report. The CME Lean Hog Index was unchanged on September 12 at $106.14. USDA’s...
Soybeans Taking Monday Losses Back to Start Tuesday Trade
Soybeans are trading with Monday morning gains of 6 to 7 cents. Futures closed out the Monday session with contracts down 3 to 4 cents across the front months. Preliminary open interest slipped 4,333 contracts. The cmdtyView national average Cash Bean price was down 4 1/4 cents at $9.66. Soymeal...
Corn Turning Around on Tuesday Morning as Ratings Slip
Corn price action is 3 to 4 ¼ cents higher so far on Tuesday morning. Futures closed out the Monday session, giving back much of the Friday gains, as contracts were down 6 to 7 cents across the front months. Preliminary open interest suggested some long liquidation, down 12,556 contracts....
Cotton Posting Tuesday Morning Gains
Cotton prices are up 32 to 38 points so far on Tuesday morning. Futures were weaker for much of the Monday session, with contract closing steady to 23 points higher. The US dollar index was down $0.210 on the day to $97.345, with crude oil futures $0.59 higher. NASS reported...