Corn Holds onto Turnaround Tuesday Strength
Corn futures held onto gains heading into the Tuesday close, as contracts were up 1 to 2 cents in the nearbys. The front month CmdtyView national average Cash Corn price was up 1 1/4 cents at $3.88 3/4. Crop Progress data from Monday showed steady crop ratings at 74% gd/ex...
Cotton Pushes Gains to Tuesday’s Close
Cotton futures popped higher on Tuesday, with contracts closing up 40 to 80 points. Crude oil was down $0.26/barrel at $66.72, with the US dollar index $0.572 higher to $98.335. Weekly Crop Progress data showed condition ratings up 2% to 54% gd/ex, as the Brugler500 index was up 3 points...
Wheat Closes with Mixed Trade on Tuesday
The wheat complex was mixed across the three markets on Tuesday. Chicago SRW wheat was down 3 to 4 cents at the close. KC HRW futures saw fractionally higher trade into the closing bell. MPLS spring wheat saw 2 to 3 cent losses. The Monday afternoon Crop Progress report showed...
Soybeans Fall on Tuesday
Soybeans slipped lower at midday, with contracts closing 5 to 6 cents in the red on Tuesday. The cmdtyView national average Cash Bean price was down 4 3/4 cents at $9.56 1/4. Soymeal futures were down $2.20 to $2.70/ton, as Soy Oil was 30 to 43 points higher. President Trump...
Hogs Closes Mixed on Tuesday
Lean hog futures were mixed on Tuesday, with contracts up 70 to down 50 cents in most nearbys. July expired today. USDA’s national base hog price was reported at $112.60 on Tuesday afternoon, up $3.02 from the day prior. The CME Lean Hog Index was back up 15 cents at...
Cattle Rally Back Higher on Tuesday
Live cattle futures were back to rally mode on Tuesday, with gains of $2.10 to $3.05. Cash trade has yet to get kicked off this week, after strengthening to $228-$230 in the South and $240-241 in the North. Feeder cattle posted a Turnaround Tuesday bounce, with contracts up $2.70 to...
Corn Posting Turnaround Tuesday Gains
Corn futures are trading with contracts up 2 to 4 cents at midday on Tuesday. The front month CmdtyView national average Cash Corn price is up 2 cents at $3.89 1/2. Crop Progress data showed the US corn crop at 34% silking (1% above average), with 7% of the crop...
Wheat Slide Lower Continues
The wheat complex is trading with losses on Tuesday. Chicago SRW wheat is down 4 to 5 cents at midday. KC HRW futures are fractionally in the red at midday so far on Tuesday. MPLS spring wheat is trading with 2 to 3 cent losses across most contracts. The Monday...
Hogs Mixed at Midday
Lean hog futures are mixed at midday on Tuesday with contracts within 65 cents of unchanged. July expires today. USDA’s national base hog price was reported at $110.36 on Tuesday morning. The CME Lean Hog Index was back up 15 cents at $107.25 on July 11. USDA’s FOB plant pork...
Soybeans Leaking with Ratings Strength
Soybeans are showing midday losses of 3 to 5 cents on Tuesday as contracts revert from early morning gains. The cmdtyView national average Cash Bean price is down 4 cents at $9.57 3/4. Soymeal futures are down $3/ton, as Soy Oil is 60 to 65 points higher. Monday afternoon’s Crop...
Cattle Rallying Back on Tuesday
Live cattle futures are rallying $2.05 to $2.325 at midday. Cash trade has yet to get kicked off this week, after strengthening to $228-$230 in the South and $240-241 in the North. Feeder cattle are showing a Turnaround Tuesday bounce at midday, with contracts up $2.70 to $2.90. The CME...
Cotton Holding Higher on Tuesday
Cotton futures are showing 40 to 81 point gains across most contracts on Tuesday. Crude oil is down $0.69/barrel at $66.29, with the US dollar index $0.597 higher to $98.360. Weekly Crop Progress data showed a total of 61% of the US cotton crop squaring, with 23% setting bolls. Condition...
Cotton Strength Continuing on Tuesday AM
Cotton price action is 14 to 33 points higher so far on Tuesday morning. Futures closed out the Monday session with contracts posting 28 to 69 point gains. Crude oil was down $1.59/barrel at $66.86, with the US dollar index $0.256 higher to $97.785. Weekly Crop Progress data showed a...
Wheat Weakness Continuing on Tuesday
The wheat complex is down across the three markets early on Tuesday. Wheat is trading with losses across the three markets on Monday. Chicago SRW wheat posted 3 to 4 cent losses on Monday. July futures expired, as there were 5 more deliveries , taking the months total to 243....
Corn Giving Back Monday Gains Early on Tuesday
Corn prices are down 4 to 5 cents early on Tuesday. Futures posted gains of 4 to 6 cents across most contracts on Monday following the overnight gap lower. July futures expired as there were another 29 deliveries and 493 total for the month. Preliminary open interest was up 17,351...