Commentary
- Cotton Rallying at Midday
- Cotton futures are trading with 101 to 108 midday gains so far. The outside markets are pressure factors at midday but being shrugged off. The US dollar index is up 527 points, with crude oil futures back down 35 cents/barrel. The Seam reported 2,808 bales of online sales on November...
- Hogs Rallying on Wednesday
- Lean Hog futures are trading with $1 to $1.80 gains so far on Wednesday’s midday. The national average base hog negotiated price was up $3.16 in the Wednesday AM report at $85.16. The CME Lean Hog Index was reported at $88.09 on November 18, down another 40 cents from the...
- Soybeans Off the Lows, Still Showing Midday Weakness
- Soybeans are facing continued weakness, with pressure coming from oil this time, as contracts are down 4 to 5 cents at midday. CmdtyView’s national front month Cash Bean price is down 3 3/4 cents at $9.43 3/4. The products were back to lower trade on the day to add pressure....
- Corn Turning Higher at Midday
- The corn market is rallying off early session lows on Wednesday, with contracts up 2 to 4 cents so far at midday. The national average Cash Corn price from cmdtyView is up 4 1/4 cents at $4.09 per bu. EIA data from this morning showed ethanol production backing off modestly...
- Cattle Showing Mixed Wednesday Trade
- Live cattle futures are trading with contracts down 27 cents to 15 cents higher at midday. Cash trade came across at mostly $185 across the country last week, down $1 to $3. Action early in the week has been mostly compiling showlists. Asks have started to come in around $187-188,...
- Wheat Showing Midday Strength
- The wheat complex continues to extend higher as the Black Sea tensions remain high, as all three markets are higher. Chicago SRW futures are up 4 to 6 cents across the nearbys, KC HRW contracts are posting gains of 6 to 7 cents on the session. MPLS spring wheat is...
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