Cotton Bulls Make Strides on the week Despite Friday Pull Back
Cotton futures rounded out the week with losses of 10 to 13 points on Friday. December was still up 126 points on the week. Crude oil futures were back down 21 cents per barrel, with the US dollar index down $0.236 to $98.210. Weekly CFTC data showed a total of...
Corn Rallies into the Weekend
Corn future closed the Friday session with contracts up 6 to 7 cents across most front months. Short covering was likely a culprit heading into a weekend, as September was up 12 ½ cents on the week. The CmdtyView national average Cash Corn price was $3.95, up 6 ½ cents....
Wheat Closes the Week with Gains
The wheat market was in rally mode on Friday, with spring wheat joining in with slightly higher movement. CBT prices were 12 to 13 cents higher across most nearbys, with September up 1 1/4 cents. KC contracts were 11 to 12 cents in the green, as Sep was up 4...
Hogs Close Higher on Friday
Lean hog futures posted gains on Friday of as little as a tick to 65 cents. August was up $1.80 since last Friday. USDA’s national base hog price had a weighted average of $105.55 on Friday afternoon, down $5.15 from Thursday. The CME Lean Hog Index was up 43 cents...
Cattle Fade Lower into the Weekend
Live cattle were lower on Friday as contracts pulled off midday lows to close with 12 to 70 cent losses. August was still up $1.35 this week. Cash trade was light this week, with trade picked up in KS at $230-231 and $240-242 northern action. Feeder cattle posted losses of...
Soybeans Continue Higher Helped by Meal Gains
Soybeans posted Friday gains of 6 to 9 cents in the nearbys, as August was up 23 ½ cents over the course of the week. The cmdtyView national average new crop Cash Bean price was up 7 ¾ cents today at $9.90. Soymeal futures were $5.30 higher, as August was...
Soybeans Posting Friday Gains
Soybeans are trading with 8 to 8 cent gains at midday, backing off from early double digit gains. The cmdtyView national average new crop Cash Bean price is up 6 ½ cents today at $9.89 3/4. Soymeal futures are $3.70 higher, while Soy Oil is 26 points lower in the...
Wheat Holding Gains, as we Head into the Weekend
Wheat bulls are showing a rebound heading into the weekend, with gains across the board. CBT prices are trading with 14 to 15 cent gains. KC contracts are 13 to 14 cents in the green, and MPLS spring wheat is up 3 to 4 cents higher. The dollar index is...
Corn Bulls Pushing Higher into the Weekend
Corn price action is holding onto the Friday gains as shorts are coving ahead of the weekend, with contracts 6 to 7 cent higher at midday. The CmdtyView national average Cash Corn price is $3.95, with new crop at $3.86 1/2. The weather pattern for the next week continues to...
Cotton Slipping Lower into the Weekend
Cotton price action is trading with 17 to 42 point losses across the nearby contracts on Friday. Crude oil futures are back down 16 cents per barrel, with the US dollar index down $0.301 to $98.145. The Seam showed sales of 385 bales on Thursday, with an average price of...
Cattle Fading onto the Weekend
Live cattle futures are easing back on Friday, with contracts down 57 cents to $1.07, as August is still being held up by cash. Cash trade has been light this week, with light trade picked up in KS at $230-231 and $240-242 northern action. The Central Stockyears Fed Cattle Exchange...
Hogs Mixed at Midday
Lean hog futures are trading with mixed action on Friday, as contracts are up 55 cents to 7 cents lower. USDA’s national base hog price had a weighted average of $106.41 on Thursday afternoon, down $3.19 from Thursday. The CME Lean Hog Index was up 43 cents at $107.63 on...
Soybeans Rallying on Friday Morning
Soybeans are continuing the push back in the direction if the spring highs, with contracts up 10 to 12 cents across the nearbys. Price action rounded out the Thursday session with contracts up 5 to 8 cents. Preliminary open interest data showed some slight short covering, down 2,023 contracts. The...
Cotton Sneaking Out Gains on Friday AM Trade
Cotton price action is up 14 to 22 points across the front months on Friday morning. Futures saw strength on the Thursday session with contracts up 24 to 30 points at the close. Crude oil futures were up $1.21 per barrel on Thursday, with the US dollar index rising $0.295...
Hogs Look to Close Out Week on Friday
Lean hog futures closed the Thursday session Thursday $1.40 to $1.90 higher. USDA’s national base hog price had a weighted average of $110.70 on Thursday afternoon, down $2.02 from Wednesday. The CME Lean Hog Index was up a penny at $107.20 on July 15. USDA’s FOB plant pork cutout value...