Soybeans Pop Higher on Thursday
Soybeans saw 3 to 6 cent gains across most contracts on Thursday, fighting off midday pressure. The cmdtyView Cash Bean price was up 6 1/2 cents to $9.94 1/2. Soymeal futures were down 20 to 90 cents/ton, with Soy Oil futures back up 74 to 112 points. A private export...
Corn Pulls Off Lows at Thursday’s Close
The corn market pulled off the session lows into the Thursday close, with contracts down 1 to 2 cents at the close. The nearby CmdtyView national average Cash Corn price was down 1 3/4 cents at $4.18 3/4. USDA reported private export sales of 205,000 MT to Mexico this morning...
Hogs Fall Back as Cash Strength Holds
Lean hog futures closed with contracts down 15 to 50 cents in the nearbys and July up 75 points. USDA’s national average base hog negotiated price was reported at $94.02 on Thursday afternoon, up $1. The CME Lean Hog Index was another 3 cents higher on May 6, at $90.16....
Cotton Faces Pressure on Thursday
Cotton futures closed Thursday with 49 to 69 point losses. Crude oil prices were back up $2.33/barrel. The US dollar index was up $1.05 to $100.485. USDA’s Export Sales report showed a total of 65,764 RB of 2024/25 cotton sold in the week ending on May 1, with 37,376 RB...
Wheat Losses Hold on Thursday
The wheat complex held the weakness into the Thursday close. Chicago SRW futures were down 5 cents in the front months. Kansas City HRW futures were 4 to 5 cents in the red on the day. Minneapolis spring wheat futures fell back 2 to 3 cents at the close. The...
Cattle Rally Back on Thursday, with Feeders Breaking the $300 Level
Live cattle futures were back up $1.30 to $1.75 on Thursday. Cash action started off with sales of $218-220 in the South, with northern action at $225-228 kicking up on Thursday. Feeder cattle futures led the charge, with a few contracts closing over the $300 level and up $2.65 to...
Hogs Holding Mixed at Midday
Lean hog futures are mixed at midday, with contracts down 15 to 35 cents lower, with July up 50 cents. USDA’s national average base hog negotiated price was reported at $94.654 on Thursday morning, up $2.23. The CME Lean Hog Index was another 3 cents higher on May 6, at...
Cotton Falling Lower on Thursday
Cotton futures are trading with 65 to 96 point losses so far on Thursday’s midday. Crude oil prices are back up $1.88/barrels. The US dollar index is up $0.975 to $100.410. USDA’s Export Sales report showed a total of 65,764 RB of 2024/25 cotton sold in the week ending on...
Corn Failing to Buy Bullish Export Business
The corn market is facing a weaker Thursday trade, even as a multi month high in export business was reported this morning. Contracts are down 3 to 5 cents at midday. There were 18 deliveries issued against May futures overnight. The nearby CmdtyView national average Cash Corn price was down...
Wheat Falling Lower on Thursday
The wheat complex is trading with contracts on the lower side of unchanged at midday. Chicago SRW futures are down 5 to 6 cents in the front months. There were 29 deliveries issued against May CBT wheat overnight. Kansas City HRW futures are also 5 to 6 cents in the...
Cattle Rally Back as Cash Strength Continues
Live cattle futures are back up $1.50 to $2.02 so far on Thursday. Cash action started off with sales of $218-220 in the South, with northern action at $225-228 kicking up on Thursday. Feeder cattle futures are posting $2.80 to $3.15 gains so far. The CME Feeder Cattle Index was...
Soybeans Back to Mixed Midday Action
Soybeans are posting mixed trade so far on Thursday, with front months firm to 2 cents higher and new crop November down ½ cent. There were 3 deliveries issued against May soybeans overnight. The cmdtyView Cash Bean price is up ¾ cents to $9.88. Soymeal futures are down 80 cents/ton,...
Wheat Showing Steady Trade Ahead of Export Sales Release
The wheat complex is showing fractionally mixed trade so far on Thursday. Wheat futures fell lower into the close on Wednesday. Chicago SRW futures slipped back 1 to 2 cents into the final bell. There were 29 deliveries issued against May CBT wheat overnight. Kansas City HRW futures posted weaker...
Corn Showing Weakness Early on Thursday
The corn market is trading with contracts steady to 2 cents weaker on Thursday morning. Corn futures failed to hold the early gains on Wednesday, closing with contracts down 6 to 7 cents in the nearbys and new crop ½ cent lower. Preliminary open interest was up ,618 contracts, mostly...
Cotton Sneaking Out Gains on Thursday Morning
Cotton price action is showing 5 to 20 point gains early on Thursday. futures closed the Wednesday session with contracts down 24 to 45 points as May rolled off the board at the close. Crude oil prices were back down $1.14/barrel. The US dollar index was up $0.678 to $99.725....