Commentary
- Hogs Close Mixed on Friday
- Lean hog futures ended the week mixed, with contracts up 60 cents to a nickel lower, as July was up $2.375 on the week. USDA’s national average base hog negotiated price was reported at $104.95 on Friday morning, down $1.00 from the day prior. The CME Lean Hog Index was...
- Cattle Fall on Friday as Cash Takes a Breather
- Live cattle futures posted Friday losses of $3.10 to $4.50, as pressure from a weaker equity market added to a risk off approach. June slipped back $1.20 this week. Cash trade has been reported at $235 in TX and $233-238 KS so far this week. Northern trade was $380 dressed...
- Cotton Close Out Friday with Gains
- Cotton futures posted marginal 22 to 45 point gains on Friday, with some help from the outside markets. July was down 26 points this week, with December closing 37 points lower. Crude oil was up $5.27/barrel on Friday, following Israel strikes on Iran overnight. The US dollar index was back...
- Soybeans Rallies as RVO Proposal Pushes Bean Oil Up the Limit
- The soybean market was well supported on Friday, following the EPA's release from this morning. Contracts closed the session with gains of 25 to 28 cents across the nearbys. That helped to push the nearby July contract in the green on the week, with a gain of 12 1/2 cents,...
- Wheat Joins the Rally on Friday to Ease Week’s Losses
- The wheat complex was in rally mode across the across the three exchanges on Friday. Chicago SRW futures were up 17 to 18 cents on the day, with July slipping back over the course of the week. Kansas City HRW contracts were also 17 to 18 cents higher at the...
- Corn Pushes Gains into Friday’s Close
- Corn futures closed out Friday trade with some strength, as July was 6 cents higher and some new crop contracts posting 2 to 3 cent gains. July corn closed the week with a 2 cent pop, with December slipping back 6 1/4 cents on the week. The front month CmdtyView...
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