Commentary
- Wheat Closes the Week with Mixed Action
- The wheat complex saw Friday trade close with mixed action across the three markets. Chicago SRW futures were steady to a penny lower on the day, with December down just ¼ cent this week. KC HRW futures were 2 to 4 3/4 cents in the green at the close, with...
- Corn Slips into the Weekend
- Corn futures held onto the losses across the front months on Friday, as contracts were fractionally to a penny lower. December was down 4 ¾ cents this week as the contract’s options expired today. The CmdtyView national average Cash Corn price was down a penny at $3.87 1/4. USDA’s delayed...
- Cotton Pushes Higher into the Friday Close
- Cotton futures closed with steady to 11 point gains on the Friday session, with December down 33 points on the day and 114 points on the week. Crude oil futures were down $1.01 per barrel to $57.99 on the day, with the US dollar index $0.010 higher to $100.100. Commitment...
- Cattle Slip Lower into Friday’s Close As Traders Square Up Ahead of USDA Data
- Live cattle futures saw Friday losses of 27 to 62 cents, with the weekly loss taken to $4.70 in December. A few cash sales in the north were reported at $215-219 this week, with most on the higher side of that range, and $222-224 in the South. Feeder cattle futures...
- Soybeans Push Higher into the Close to End the Week in Positive Territory
- Soybeans turned higher to close the Friday session, as contracts were up 1 to 2 ½ cents in the front months. January managed to post a ½ cent gain on the week, despite closing 44 ½ cents off this week’s high. The cmdtyView national average Cash Bean price was up...
- Hogs Post Losses on Friday
- Lean hog futures saw weakness on Friday, with contracts down $1.67 to $2.42. December saw back and forth trade to close with a 70 cent losses on the week. USDA’s national base hog price from the Friday PM report was down $1.23 from the day prior at $70.64. The CME...
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