Cattle Closes Lower To Round Out April
Live cattle futures closed the midweek session with contracts down 60 to $1.80. April futures expired today. Cash trade has yet to see much movement this week, with some $214-218 light business so far. The Central Stockyards Fed Cattle Exchange online auction showed sales on 40 of the 1,028 head...
Cotton Slip Lower on Wednesday
Cotton futures closed the Wednesday session with contracts backing off another 47 to 58 points. The outside markets were a pressure factor, with crude oil futures falling $2.23/barrel and the US dollar index up $0.417 to $99.435. The Tuesday online auction from The Seam showed sales of 854 bales at...
Hogs Fall Weaker on Wednesday
Lean hog futures closed with Wednesday weakness of 62 cents to $1.175. USDA’s national average base hog negotiated price was reported at $93.00 on Wednesday afternoon a 2 cent dop from the day prior. The CME Lean Hog Index was up another 60 cents from the previous day at $88.78...
Soybeans Fall Lower on Wednesday
Soybeans posted losses of 6 to 9 cents across most contracts on Wednesday. CmdtyView’s national front month Cash Bean price is down 7 1/4 cents at $9.88. Soymeal futures are back down 20 to 80 cents/ton, with Soy Oil futures were falling back another 27 to 58 points. There is...
Corn Pops Back Higher on Wednesday
Corn Pops Back Higher on Wednesday Corn futures settled the Wednesday session with contracts up 1 to 6 ¾ cents, as traders closed out the month with a bounce. The nearby CmdtyView national average Cash Corn price was up 5 1/4 cents at $4.42 1/2. USDA reported a private export...
Wheat Sees Some Bargain Buying at Month End
The wheat complex bounced back to close out the Wednesday session with the SRW and spring wheat contracts posting strength and HRW weaker. Chicago SRW futures were up 5 to 8 cents. Kansas City HRW contracts saw slight losses of 1 to 2 cents on Wednesday. MPLS spring wheat was...
Corn Showing Midday Strength
Corn futures are trading with contracts up anywhere from a penny to 5 ½ cents at midday. There were 25 deliveries issued against May overnight. The nearby CmdtyView national average Cash Corn price is up 3 1/2 cents at $4.40 3/4. USDA reported a private export sale of 120,000 MT...
Soybeans Falling on Wednesday
Soybeans are heading lower on Wednesday’s midday, with losses of 9 to 12 cents. May ahead of FND. May open interest as of Tuesday night was just 5,160 contracts, with 3 deliveries issued overnight. CmdtyView’s national front month Cash Bean price is down 10 ¾ cents at $9.85 1/2. Soymeal...
Hogs Pushing Pullback to Wednesday
Lean hog futures are posting 90 cent to $1.75 losses at midday. USDA’s national average base hog negotiated price was reported at $93.23 on Wednesday morning a 53 cent increase from the day prior. The CME Lean Hog Index was up another 60 cents from the previous day at $88.78...
Wheat Bouncing on the Midweek Session
The wheat complex is seeing a bounce back on Wednesday across the three markets. Chicago SRW futures are up 8 to 12 cents. There were 88 deliveries issued for May futures on FND. Kansas City HRW contracts are posting 4 to 6 cent gains on Wednesday. There were 430 deliveries...
Cotton Posting Midday Losses
Cotton futures are up 41 to 85 points so far on Wednesday. The outside markets are a pressure factor, with crude oil futures falling $2.27/barrel and the US dollar index up $0.182 to $99.200. The Tuesday online auction from The Seam showed sales of 854 bales at an average price...
Cattle Falling Back on Wednesday
Live cattle futures are down 42 cents to $1.25 so far at midday. There still have yet to be any deliveries against April futures expiring today. Cash trade has yet to see much movement this week, with some $214 KS sales and $218 northern bids. The Central Stockyards Fed Cattle...
Soybeans Extending Losses on Wednesday Morning
Soybeans are down 6 to 8 cents early on Wednesday. The market closed with Tuesday losses of 9 to 11 cents. Preliminary open interest was down 16,902 contracts, with 21,737 contracts leaving May ahead of FND. OI was just 5,160 contracts for the in delivery contract, with 3 deliveries issued...
Cattle Push Higher on Tuesday
Live cattle futures were higher on Tuesday, with gains of 30 to 70 cents. There still have yet to be any deliveries against April futures with expiration set for today. Preliminary open interest was up 3,192 contracts overall. Cash trade has yet to see any movement this week but closed...
WheatWheat Back to Mixed Trade Early on Wednesday
Wheat is showing mixed action on Wednesday morning. 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. There were 88 deliveries issued for May futures on FND. Kansas City HRW contracts were 8...