Cotton Faces Pressure on Tuesday
Cotton futures closed with losses on Tuesday with most contracts down 70 to 106 points. The outside markets were a pressure factor, with crude oil futures back down $1.87/barrel and the US dollar index down $0.211 to $99.000. NASS pegged the US cotton crop at 15% planted as of 4/27,...
Soybeans Weaker on Tuesday
The soybean market closed with Tuesday losses of 9 to 11 cents. CmdtyView’s national front month Cash Bean price is down 10 1/2 cents at $9.95 1/4. Soymeal futures were up 70 cents to $3.50/ton, with Soy Oil futures were back down 94 to 113 points. A private export sale...
Hogs Fall Back on Tuesday, Despite Cash Strength
Lean hog futures were back lower on Tuesday with contracts down 40 cents to $1.625, with losses of 47 cents to $1.27. USDA’s national average base hog negotiated price was reported at $93.02 on Tuesday afternoon, up $2.88 from the day prior. The CME Lean Hog Index was up another...
Wheat Slide Continues
The wheat complex was under continued pressure on Tuesday, with losses across the three markets. Chicago SRW futures were down 5 to 10 cents on Tuesday. Kansas City HRW contracts were 8 to 9 cents lower in the nearbys. MPLS spring wheat posted 3 to 5 cent losses at the...
Corn Collapses on Tuesday
Corn futures fell lower on Tuesday, with front months 13 to 15 cents in the red and new crop December down just 5 ¾ cents. The nearby CmdtyView national average Cash Corn price was down 13 1/4 cents at $4.36 1/4. USDA reported a private export sale of 120,000 MT...
Cattle Extend Gains to Tuesday
Live cattle futures posted Tuesday gains of 30 to 70 cents on Tuesday. There still have yet to be any deliveries against April futures with expiration on Wednesday. Cash trade has yet to see any movement this week but closed last week with the South coming in at $212-213 and...
Corn Facing Tuesday Pressure
The corn market is falling on Tuesday, with contracts anywhere from 5 to 13 cents in the red, led by the front months. The nearby CmdtyView national average Cash Corn price is down 12 1/2 cents at $4.37. USDA reported a private export sale of 120,000 MT of corn to...
Hogs Pushing Lower on Tuesday
Lean hog futures are facing pressure at midday, with losses of 47 cents to $1.27. USDA’s national average base hog negotiated price was reported at $92.76 on Tuesday morning. The CME Lean Hog Index was up another 64 cents from the previous day at $88.18 on April 25. Tuesday morning’s...
Soybeans Falling Lower on Tuesday
The soybean market is down 7 to 12 cents so far on Tuesday, with pressure coming from a drop in bean oil. CmdtyView’s national front month Cash Bean price is down 10 1/2 cents at $9.95 1/4. Soymeal futures are up $4/ton, with Soy Oil futures were back down 115...
Wheat Pressure Continues on Tuesday
The wheat complex is facing slight weakness at Tuesday’s midday, with contracts down across the three markets. Chicago SRW futures are down 4 to 7 cents. Kansas City HRW contracts are 6 to 7 cents lower in the nearbys. MPLS spring wheat is 3 to 4 cents in the red....
Cattle Gains Extending on Tuesday
Live cattle futures are holding higher on Tuesday with contracts up 55 to 70 cents at midday. Cash trade has yet to see any movement this week but closed last week with the South coming in at $212-213 and Northern trade up to $217-218. Feeder cattle futures are rallying on...
Cotton Facing Pressure at Midday
Cotton futures are showing losses across most contracts on Tuesday, with losses of 95 to 130 points. The outside markets are a pressure factor, with crude oil futures back down $1.62/barrel and the US dollar index down $0.131 to $98.920. NASS pegged the US cotton crop at 15% planted as...
Hogs Mixed on Monday
Lean hog futures settled mixed on Monday trade, as most nearbys were within 15 cents of unchanged. USDA’s national average base hog negotiated price was reported at $90.14 on Monday afternoon, down $1.25 from the day prior. The CME Lean Hog Index was up another 27 cents from the previous...
Cattle Push Higher on Monday
Live cattle futures posted Monday gains of $1 to 1.40. Preliminary open interest was up 3,501 contracts on Monday. Cash trade has yet to see any movement this week but closed last week with the South coming in at $212-213 and Northern trade up to $217-218. Feeder cattle futures closed...
Wheat Buying the Fact Early on Tuesday Following Rating Improvement
Wheat futures are trading with early Tuesday gains in ‘buy the fact’ action following the ‘sell the (improved ratings) rumor’ action on Monday. The wheat complex fell lower across the three markets on Monday, as futures never recovered from sharp overnight losses. Chicago SRW futures were down 13 to 15...