Cotton Pulls Back on Wednesday
Cotton futures were weaker on Wednesday, with contracts down 37 to 53 points across the nearbys. The US dollar index was up $0.392 on the day to $96.640. The Fed cut rates by 25 basis points, as expected on Wednesday. Crude oil futures were $0.59 lower. The Seam reported 909...
Cattle Falls on Wednesday as Beef Continues Decline
Live cattle futures were down $2.35 to $2.65 across the front months to close out Wednesday. Cash trade has yet to get kicked off this week. A few Southern sales were being reported at $239 on Wednesday. This morning’s Fed Cattle Exchange online auction from Central Stockyards saw no sales...
Hogs Pull Back on Wednesday
Lean hog futures eased back lower on Wednesday, with contracts down a nickel to 60 cents. USDA’s national base hog report from Wednesday afternoon was reported at $106.71, up 42 cents from the day prior. The CME Lean Hog Index was down 14 cents on September 15 at $106.00. USDA’s...
Wheat Falls on Wednesday
The wheat complex gave back some of the Tuesday gains, with contracts falling lower across the three markets. CBT soft red wheat futures posted 5 to 6 cent losses. KC HRW futures fell back 7 to 8 cents. MPLS spring wheat futures were down 2 to 3 cents in the...
Soybeans Fall on Wednesday with Bean Oil Weakness
Soybeans posted 6 to 7 cent losses in the front months at the close. The cmdtyView national average Cash Bean price was down 5 1/2 cents at $9.67. Soymeal futures were down 40 cents to $1.90 in the front months with contracts up a dime to $1.60. Soy Oil futures...
Corn Slips Lower into Wednesday’s Close
Corn futures closed out Wednesday with losses of 2 to 3 cents across the front months. The CmdtyView national average Cash Corn price was down 2 3/4 cents at $3.82 ¼. The weekly EIA report showed ethanol production dropping 50,000 barrels per day in the week ending on September 12...
Cotton Giving Back Tuesday Gains on Wednesday
Cotton futures are falling lower at Wednesday’s midday, as contracts are down 35 to 40 points at midday. The US dollar index is up $0.097 so far on the day to $96.345, with crude oil futures $0.23 lower. The Seam reported 909 bales sold on Tuesday at an average price...
Cattle Falling as the Beef Pressure Continues
Live cattle futures are down $2.30 to 2.80 across the front months at midday. Cash trade has yet to get kicked off this week. A few Southern bids are being reported at $23 so far on Wednesday. This morning’s Fed Cattle Exchange online auction from Central Stockyards saw no sales...
Hogs Mixed at Wednesday’s Midday
Lean hog futures are posting mixed action on Wednesday, with contracts up 15 cents to 45 cents lower. USDA’s national base hog report from Wednesday morning was reported at $106.25, up 28 cents from the day prior. The CME Lean Hog Index was down 14 cents on September 15 at...
Corn Pulling Back on Wednesday
Corn futures are slipping back lower on Wednesday’s midday, as contracts are down 2 to 3 ¼ cents in the nearbys. The CmdtyView national average Cash Corn price is down 3 1/4 cents at $3.82 ¾. The weekly EIA report showed ethanol production dropping 50,000 barrels per day in the...
Wheat Falling Back Weaker on Wednesday
The wheat complex is giving back some of the Tuesday gains, with contracts lower across the three markets. CBT soft red wheat futures are trading with 5 to 6 ¼ cent losses at midday. KC HRW futures are falling back 6 to 7 cents at midday. MPLS spring wheat futures...
Soybeans Posting Midweek Weakness
Soybeans are trading with 5 to 6 ¼ cent losses at Wednesday’s midday. The cmdtyView national average Cash Bean price is down 5 1/4 cents at $9.67 1/4. Soymeal futures are down 80 cents to 20 cents higher so far at midday. Soy Oil futures are giving back the Tuesday...
Corn Shrugging Off Overnight Weakness
Corn prices are showing fractional gains this morning after a bout of weaker trade overnight. Futures held up into the close on Turnaround Tuesday, posting gains of 5 to 6 ¼ cents across the front months. Preliminary open interest showed net new buying, up 24,665 contracts. The CmdtyView national average...
Cotton Slipping to Start Wednesday
Cotton prices are down 3 to 6 points across the front months on Wednesday morning. 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....
Soybeans Fractionally Higher to Kickoff Wednesday
Soybeans are fractionally in the green so far on Wednesday morning. Futures rounded out the Tuesday session with contracts up 7 to 8 cents across the front months. Tuesday’s preliminary open interest was up 9,179 contracts. The cmdtyView national average Cash Bean price was up 6 1/2 cents at $9.73...