Corn Pulling Back on Monday Despite Export Business
Corn futures are trading with losses of 5 to 6 ½ cents at midday on Monday. There were 36 deliveries against the expiring September contract on Friday, with the month’s total at 238. The CmdtyView national average Cash Corn price is down 6 cents at $3.80 1/2. USDA reported a...
Cotton on the Lower Side of Unchanged at Monday’s Midday
Cotton futures are showing slight losses across most contracts on Monday, with contracts down 4 to 17 points. The US dollar index is down $0.171 on the day to $97.365, with crude oil futures $0.61 higher. Weekly CFTC data indicated spec traders adding 2,536 contracts to their net short position...
Wheat Holding Gains at Midday
The wheat market is showing some slight gains at the midday part of the Monday session. CBT soft red wheat futures are 1to 2 cents higher at midday. KC HRW futures are 1 to 2 cents in the green so far on Monday. There were 22 deliveries against September, which...
Hogs Back to Higher Trade on Monday
Lean hog futures are trading with 50 to 80 cent gains across most contracts on Monday. USDA’s national base hog report from Monday morning showed no price reported, due to light volume. The CME Lean Hog Index was up 10 cents on September 11 at $106.14. The large managed money...
Soybeans Pull Off Morning Lows with Robust NOPA Data
Soybeans are trading with contracts down just 1 to 2 cents early on Monday. There were 20 deliveries against the expiring September contract on Friday, with the monthly total at 1,034 contracts. The cmdtyView national average Cash Bean price is down 1 3/4 cents at $9.68 1/2. Soymeal futures are...
Cattle Rallying to Begin the Week
Live cattle futures are trading with $4.15 to 4.40 gains across most contracts at midday, to kick off the week with strength. Cash activity narrowed in at $240 across the country down $2 from last week. Feeder cattle futures are up $7.15 to $8.40 on Monday, as contracts near the...
Corn Pulling Back on Monday Morning Following Friday Rally
Corn price action is down 3 to 4 cents so far. Futures closed with strength on Friday, as contracts were up 10 to 11 cents in the front months. Preliminary open interest rose 22,325 contracts suggesting new buying interest. December managed to close with a 12 cent gain last week....
Wheat On the Positive Side of Unchanged to Kick Off Monday
Wheat is showing slight gains so far on Monday morning, with spring wheat a little weaker. The wheat complex saw Friday gains, as USDA gave a friendlier US number. CBT soft red wheat futures were 2 to 3 cents in the higher at the close, with December up 4 ¼...
Hogs Look to Monday Trade Following Friday Weakness
Lean hog futures slipped back lower on Friday, with contracts down 20 cents to $1.05, as October was still up $1.10 last week. Preliminary open interest was up 4,856 contracts on Friday. USDA’s national base hog report from Friday afternoon saw trade averaging $103.94, down $3.35 from the day prior....
Cotton Easing Back Lower on Monday Morning
Cotton price action is down 17 to 21 points early on Monday morning. Futures reversed higher on Friday, with most contracts up 10 to 12 points, as December was 80 points in the green. The US dollar index was up $0.127 on the day to $97.655 with crude oil futures...
Soybeans Slipping Back in Monday Morning
Soybeans are trading with fractional losses on Monday AM. Futures posted 12 to 13 cent gains in the front months on Friday, as November was up 19 ¼ cents on the week. Preliminary open interest was up 2,351 contracts on Friday. There were 20 deliveries against the expiring September contract...
Cattle Look to New Week Following Losses
Live cattle futures resumed some selling into the Friday close, with contracts $2 to $2.30 in the red and October down $6 last week. Preliminary open interest was up 4,104 contracts on Friday. Cash activity narrowed in at $240 across the country down $2 from last week. Feeder cattle futures...
Wheat Sneaks Out Gains Heading into the Weekend
The wheat complex saw Friday gains, as USDA gave a friendlier US number. CBT soft red wheat futures were 2 to 3 cents in the higher at the close, with December up 4 ¼ cents this week. KC HRW futures were up 4 to 5 cents across the front months,...
Hogs End Friday with Weakness
Lean hog futures slipped back lower on Friday, with contracts down 20 cents to $1.05, as October was still up $1.10 this week. USDA’s national base hog report from Friday afternoon saw trade averaging $103.94, down $3.35 from the day prior. The CME Lean Hog Index was back up 11...
Soybeans Post Friday Gains, Despite Larger US Stocks
Soybeans posted 12 to 13 cent gains in the front months on Friday, as November was up 19 ¼ cents since last Friday. The cmdtyView national average Cash Bean price was up 13 cents at $9.70 1/4. Soymeal futures were up 60 cents to $1.50, with October up $7.10 on...