Soybeans Close Mixed on Monday as NOPA Crush Drops
Soybean futures posted mixed action on Monday, with front months losses limited to fractional and new crop gains of steady to 2 cents higher. CmdtyView’s national front month Cash Bean price is down 1/4 cents at $9.53 3/4. Soymeal futures were down 80 cents to $1.60/ton on the Monday session....
Corn Closes Higher on Monday
The corn market posted gains across the board on Monday, with nearby contracts up 2 to 3 cents at the close. The CmdtyView national average Cash Corn price was back up 3 cents at $4.23 ½. Export Inspections data showed a total of 1.659 MMT (65.29 mbu) of corn shipped...
Cotton Closes with Weakness on Monday
Cotton futures posted 12 to 39 point losses on the Monday session. The outside markets were supportive on the day. Crude oil futures were up another $0.30/barrel, with the US dollar index down $0.175 on the day. Friday’ online auction from The Seam showed 2,123 bales sold at an average...
Wheat Rallies Double Digits on Monday
The wheat market posted a double-digit rally across the three exchanges on Monday. Chicago SRW closed with gains of 11 to 12 cents at the session close. Kansas City HRW contracts settled with contracts up 19 to 20 cents in the nearbys on Monday. MPLS spring wheat was 13 to...
Hogs Post Monday Strength
Lean hog futures posted Monday gains of $1.45 to $2.85 in the front month at the close. Monday afternoon’s national average base hog negotiated price from the USDA was reported at $88.05, down $1 from the day prior. The CME Lean Hog Index was back down 19 cents from the...
Cattle Extend Rally on Monday
Live cattle futures closed the Monday session with contracts up $1.70 to $2.15. Cash trade was strong last week, settling in across the country at $203 in the South, with Northern action at $205-206. Feeder cattle posted gains of $2.65 to $3 across the front months on Monday. The CME...
Hogs Rallying on Monday
Lean hog futures are trading with contracts $1.55 to $2.85 at midday. The Monday morning national average base hog negotiated price from the USDA was reported at $87.67, down $2.03 from the day prior. The CME Lean Hog Index was back down 19 cents from the previous day at $89.55...
Cattle Strength Continuing on Monday
Live cattle are up 67 cents to $1.25 in the front months on Monday. Cash trade was strong last week, kicking off across the country at $203 in the South, with Northern action at $205-206. Feeder cattle are up $1.65 to $2.15 across the front months on midday. The CME...
Cotton Slipping Lower at Midday
Cotton futures are showing 7 to 36 point losses so far on Monday. Crude oil futures are up another $0.31/barrel to provide some support, with the US dollar index down $0.175 so far on the day. The large managed money spec funds in cotton futures and options trimmed back 3,547...
Wheat Rally Continuing Through Midday
Wheat is trading with contracts rallying double digits across all three exchanges at midday. Chicago SRW are up 13 to 14 cents at the midday part of the session. Kansas City HRW contracts are up 18 to 19 cents on Monday. MPLS spring wheat is 13 to 14 cents higher...
Corn Holding Gains at Midday
Corn price action on Monday’s midday is showing steady to 3 cent gains, pulling back from early morning strength. The CmdtyView national average Cash Corn price is back up 3/4 cents at $4.21. Export Inspections data showed a total of 1.659 MMT (65.29 mbu) of corn shipped during the week...
Soybeans Mixed at Midday with Weak NOPA Data
Soybean futures are showing fractional losses early on Monday, with new crop gains of 2 to 4 cents. CmdtyView’s national front month Cash Bean price is down 1/2 cents at $9.53 1/2. Soymeal futures are leaking lower, down $1.80, with Soy Oil futures 45 points higher midday. Weekly Export Inspections...
Corn Bouncing on Monday Morning
Corn futures are trading with 3 to 5 cent gains so far on Monday morning. Early strength in the wheat market is supportive. The market settled Friday with front months down 6 to 8 cents in the nearbys as March expired and May dropped 10 ¾ cents on the week....
Soybeans Slightly Higher Early on Monday
The soybean market is showing 1 to 2 cent gains so far on Monday morning. Beans closed Friday with 5 to 7 cent gains across most contracts, with March rolling off the board. May futures were down 9 cents last week, with new crop November 7 ½ cents lower. Preliminary...
Cattle Rally with Cash on Friday
Live cattle futures were up 75 cents to $1.125 across most front months on Friday, with April rallying $2.90 on the week. Cash trade got kicked off across the country on Friday, with southern sale at $203 and Northern action at $205-206. Friday morning’s Fed Cattle Exchange online auction from...