Commentary
- Cotton Eases Lower into the long Weekend
- Cotton posted front month losses of 111 points in the thin July and October contracts, as December was 17 points lower. December was down 86 points on the week. Crude oil was down $0.23/barrel at $67.22, with the US dollar index $0.341 higher to $96.770. The markets will be off...
- Hogs Fall into the Holiday
- Lean hog futures posted losses of 90 cents to $1.80 on Thursday, as July was back down $5.27 this week. USDA’s national base hog price was back down $1.85 in the Thursday PM report, with negotiated trade at $110.21. The CME Lean Hog Index was down 77 cents at $110.22...
- Soybean Bulls Hold onto Gains on Thursday
- Soybeans slipped from the near double digit gains early on Thursday bus still closed 1 to 2 cents higher and July up 5 ¾ cents. On the week, August was up 22 ¼ cents, with November rallying 24 ½ cents. The cmdtyView national average Cash Bean price was up 1...
- Cattle Posts Gains on Thursday, Despite Boxed Beef Weakness
- Live cattle futures posted Thursday gains of $1.12 to $1.60 to close out the week, with August up 75 cents on the week. Cash trade showed sales of $230-232 in the North, with early sales of $222-224 in the South creeping to $225 on Thursday. Feeder cattle futures were up...
- Corn Holds onto Gains to Extend Bounce into Long Weekend
- Corn futures pulled off early session gains, but still closed the Thursday session with 2 to 4 cent gains. September was up 8 ¾ cents this week, with December seeing a dime gain. The front month CmdtyView national average Cash Corn price was up 2 1/4 cents at $4.06 3/4....
- Wheat Eases Lower into the Holiday
- The wheat complex posted losses across most contracts on Thursday. Chicago SRW wheat fell 7 to 9 cents on to round out the week on Thursday, with September rallying 16 cents on the short week. KC HRW contracts closed Thursday with losses of 4 to 7 cents, as September was...
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