Cotton Heads into the Labor Day Weekend with Losses
Cotton futures were down 64 to 83 points on the Friday session, with December falling 147 points this week. The US dollar index was up $0.042 on the day to $97.780, with crude oil futures $0.55 lower. The market will be closed on Monday due to the Labor Day holiday,...
Cattle Close August on a High Note
Live cattle futures were $2 to $2.75 higher to close out Friday, as August expired up $4.90 at 241.90. October fats closed the week with a gain of $1.775. Cash trade came in this week on a steady basis in the North at $245 in the north, with $242 in...
Corn Rally Double Digits into the Long Weekend
Corn futures rallied into the Labor Day weekend with contracts up 10 to 12 ½ cents as some money flow gave the bulls a boost to end the month. December closed the week 8 /4 cents higher, helped by the Friday move. The CmdtyView national average Cash Corn price was...
Soybean Bulls Push Back on Friday
Soybeans posted stronger trade at the Friday close of 5 ti 8 ½ cents, as November was down 4 cents on the week. The cmdtyView national average Cash Bean price was up 5 3/4 cents at $9.79. Soymeal futures were down $2.70 in September but up 50 cent sot $4.60...
Wheat Sees Some Buying Ahead of Long Weekend
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 this week. KC HRW futures were 4 to 6 cents in the green on the day, with...
Hogs Push Higher on Friday to Close the Week with Strength
Lean hog futures posted gains of 32 to 75 cents across the front months on Friday, with October up $3.825 this week. USDA’s national base hog report showed negotiated prices at $104.91, down $3.28 from the day prior. The CME Lean Hog Index was down 20 cents on August 27...
Cattle Rounding Out August Trade with Mixed Action
Live cattle futures are holding onto 62 cent to $1.25 gains, s expiring August is back up $4.90. There were 20 deliveries retendered on Thursday. Preliminary open interest was up 2,057 contracts, suggesting new selling interest. Cash trade has been limited so far this week, with a few bids of...
Cotton Holding Losses on Friday
Cotton futures are down 59 to 101 points so far on the Friday session. The US dollar index is down $0.058 on the day to $97.680, with crude oil futures $0.68 lower. USDA reported the accumulated cotton export sale commitments at 3.412 million RB, down 23% from last year. That...
Wheat Pushing Higher to Close Out August
The wheat complex is trading with gains across the three exchanges on Friday. CBT soft red wheat futures are up 3 to 5 ¼ cents at on Friday. Preliminary open interest suggested some short covering on Friday, down 10,649 contracts. KC HRW futures are 2 to 4 ¾ cents in...
Corn Rallying Ahead of Long Weekend
Corn futures are rallying to close out August, as contracts are up 7 to 9 cents at midday. There were no deliveries issued for First notice against September. The CmdtyView national average Cash Corn price was up 10 1/4 cents at $3.77 1/4. The market will be closed on Monday...
Soybeans Holding Steady at Midday
Soybeans are trading with most contracts down 1 to 2 cents and September up 1 ¼ cents. The cmdtyView national average Cash Bean price is steady at $9.73 1/4. Soymeal futures are down $2.20 to 60 cents higher so far on the day. There were 21 deliveries issued overnight. Soy...
Hogs Continuing Strength on Friday
Lean hog futures are trading with 50 to 55 cent gains across most contracts on Friday. USDA’s national base hog report was delayed due to packer submission issues.. The CME Lean Hog Index was down 20 cents on August 27 at $106.43. USDA’s FOB plant pork cutout report from Friday...
Corn Looking to Round Out August with a Bounce
Corn price action is 1 to 2 ¾ cents higher early on Friday. Futures closed out the Thursday session with contracts up 3 to 4 ½ cents in the front months. Preliminary open interest dropped 8,106 contracts, mainly in September (-39,176). There were no deliveries issued for First notice against...
Soybeans Slipping Lower on Friday Morning
Soybeans are trading with 5 to 5 ¼ cent losses in most contracts with exception to September. Futures were steady to a penny higher across the front month on Thursday, shrugging off the midday weakness. Preliminary open interest was down 8,085 contracts on Thursday. There were 3 deliveries issued against...
Hogs Look to Friday Trade
Lean hog futures closed Thursday up 30 to 70 cents across the front months. Preliminary open interest rose 4,405 contracts. USDA’s national base hog price was reported at $108.19 on Thursday afternoon, down 61 cents from the day prior. The CME Lean Hog Index was down 23 cents on August...