Commentary
- Hogs Look to Monday Morning Trade
- Lean hog futures saw a stronger Friday session as contracts were up 87 cents to $1.05. October was $1 higher last week. Preliminary open interest rose 5,363 contracts, suggesting net new buying. USDA’s national base hog report from Friday PM showed negotiated prices at $101.25, down $3.18 from the day...
- Corn Falling in Early Monday Trade
- Corn price action is down 1 to 2 cents so far on Monday morning. Futures slipped lower into the Friday close, failing to hold the midday gains. Contracts were fractionally to 2 cents lower across most contracts, as December was 2 ¼ cents lower on the week. Friday’s Preliminary open...
- Wheat Showing Slightly Positive Monday Morning Trade
- Wheat is steady to 2 cents higher across most contracts on Monday morning. The wheat complex turned from the midday gains, as contracts were lower across most contracts to round out the week. CBT soft red wheat futures were fractionally to 2 cents in the red at the close, with...
- Cattle Look to Fresh Week Weaker Start to September
- Live cattle futures were 97 cents to $1.20 lower across the front months on Friday, as October was $3.67 in the red last week. Cash activity saw sales of $242-243 last week, steady to $1 higher in the South and $2-3 weaker in the North. Feeder cattle futures closed out...
- Cotton on the Higher Side on Unchanged to Begin Monday Trade
- Cotton prices are up 4 to 7 points early on Monday morning. Futures posted weaker trade on Friday, as contracts were down 13 to 30 points. December slipped 51 points last week. The outside markets were mixed factors, as the US dollar index was down $0.624 on the day to...
- Soybeans Sneaking Out Monday Morning Gains
- Soybeans are showing slightly higher trade so far as we kickoff the Monday session. Futures posted weakness on Friday, pushing lower into the close, as contracts were down 5 to 6 cents at the final bell. November fell 27 ½ cents last week. Preliminary open interest rose 9,005 contracts on...
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