Soybeans Hold Losses on Tuesday, as Ratings Drop After the Close
Soybeans posted losses of 9 to 13 ½ cents across most contracts on Tuesday. There were 3 deliveries issued against September beans. The cmdtyView national average Cash Bean price was down 13 1/2 cents at $9.65 1/4. Soymeal futures were down $3.80 to $8.10 in the front months. There were...
Wheat Closes with Weakness on Tuesday
The wheat complex held losses across the three markets on Tuesday. CBT soft red wheat futures were down 5 to 6 cents. Preliminary open interest was down 10,535 contracts on Friday, suggesting some short covering. KC HRW futures were 8 to 10 cents lower on the Tuesday session. There were...
Cattle Pull Back Lower into the Close
Live cattle futures saw Tuesday action mixed, with nearby October down 12 cents and other contracts up 22 to 37 cents. Cash activity was quiet on Tuesday, with showlists being compiled. Last week was steady in the North at $245 in the north, with $242 in the South, up $2....
Cotton Holds Lower on Tuesday, with Condition Ratings Slipping
Cotton futures were down 49 to 64 points on the Tuesday session. The US dollar index was up $0.575 on the day to $98.265, with crude oil futures $0.96 higher. Th weekly NASS Crop Progress report showed 90% of the US cotton crop setting bolls as of Sunday (vs. 93%...
Hogs Close with Gains on Tuesday
Lean hog futures posted 45 to 77 point gains across the front months on Tuesday. USDA’s national base hog report showed negotiated price was reported at $106.37, up $1.46 from the day prior. The CME Lean Hog Index was down 26 cents on August 28 at $106.17. USDA’s FOB plant...
Corn Comes Back to Close with Gains as Ratings Slip Back
Corn futures saw some late day strength, as contracts closed with gains of 2 to 5 cents across most nearbys. Contracts closed 7 to 10 cents off the early session lows. The CmdtyView national average Cash Corn price was down 5 cents at $3.79. The monthly NASS Grain Crushing report...
Cotton Falling on Tuesday
Cotton futures are down 60 to 75 points so far on the Tuesday session. The US dollar index is up $0.545 so far on the day to $98.235, with crude oil futures $0.99 higher. Commitment of Traders data from CFTC showed managed money adding 3,614 contracts to their net short...
Corn Mixed on Tuesday’s Midday
Corn futures are trading with September up 1 ¼ cents and other contracts fractionally lower at midday. Preliminary open interest showed a rotation of ownership, up 851 contracts on Friday. The CmdtyView national average Cash Corn price is down 8 1/2 cents at $3.75 1/2. USDA tallied corn export shipments...
Soybeans Trading with Double Digit Losses at Midday
Soybeans are trading with 14 to 16 cent losses Tuesday’s midday. There were 3 deliveries issued against September beans. The cmdtyView national average Cash Bean price was up 5 3/4 cents at $9.79. Soymeal futures are down $5.30 to $8.20 in the front months. There were another 12 deliveries issued...
Wheat Falling at Midday
The wheat complex is falling lower across the three markets at midday. CBT soft red wheat futures are down 9 to 10 cents. Preliminary open interest was down 10,535 contracts on Friday, suggesting some short covering. KC HRW futures are 11 cents lower so far on the Tuesday session. There...
Cattle Continuing Bull Run to Start September
Live cattle futures are posting 75 vent to $1.30 gains so far on Tuesday. Cash trade came in last week on a steady basis in the North at $245 in the north, with $242 in the South, up $2. Feeder cattle futures are trading with 97 cent to $1.37 gains...
Hogs Pushing Higher on Tuesday
Lean hog futures are continuing to push higher, with midday gains of 30 to 67 cents across the front months. USDA’s national base hog report showed negotiated prices not reported on thin volume with a 5-day rolling average at $108.77. The CME Lean Hog Index was down 26 cents on...
Soybeans Falling in Early Tuesday Action
Soybeans are trading with 12 to 14 cent losses so far on Tuesday. Futures posted stronger trade at the Friday close of 5 to 8 ½ cents, as November was down 4 cents on the week. Preliminary open interest suggested net new buying, up 3,832 contracts on Friday. There were...
Cotton Facing Tuesday AM Losses
Cotton price action is down 26 to 38 points early on Tuesday. Futures were down 64 to 83 points on the Friday session, with December falling 147 points last week. The US dollar index was up $0.042 on the day to $97.780, with crude oil futures $0.55 lower. Commitment of...
Wheat Facing Weakness on Tuesday AM Trade
Wheat is down across all three exchanges with some exception to the September contracts. The wheat complex saw stronger trade on Friday across the three markets. CBT soft red wheat futures were up 5 to 7 3/4 cents at on Friday, as December was a dime higher last week. Preliminary...