Commentary
- Cotton Holding Gains on Tuesday’s Midday
- Cotton futures are up 39 to 59 points so far across the front months on Tuesday. The dollar index is up 97 points so far on the day, with crude oil futures back down $3.15/barrel. After the Monday close, NASS reported 45% of the US cotton crop with bolls opening,...
- Soybeans Falling on Turnaround Tuesday
- Soybeans are posting Turnaround Tuesday losses of 17 to 21 cents in the nearbys. This comes after USDA failed to show any deterioration in the US soybean crop over the last week. Products aren’t helping matters, with Soymeal futures down $7.10/ton in the October contract. Soy Oil futures are feeling...
- Hogs Mixed at Midday
- Lean hog futures are trading with mixed action on Tuesday, with Nearby October down 32 cents. The national average base hog price was reported at $77.82 on Tuesday morning. The CME Lean Hog Index was $85.74 on September 6, down 50 cents from the day prior. USDA’s FOB plant pork...
- Corn Turning Weaker at Midday
- Corn futures are showing losses of 2 to 3 cent across the front months on Tuesday’s midday. There were 119 deliveries issued against September corn futures overnight, taking the total since first notice day to 514. Ahead of the Thursday USDA reports, analysts expect to see NASS cut corn yield...
- Wheat Posting Midday Gains
- Wheat is a bright spot for the grain bulls on Tuesday with gains across the three exchanges. Chicago SRW futures are up 5 to 7 cents. KC HRW is 5 to 8 cents higher. MPLS spring wheat is 5 to 8 cents in the green. There were no deliveries issued...
- Cattle Holding Steady on Tuesday
- Live cattle are holding close to unchanged so far at midday, with nearby contracts within a dime of unch. Cash trade has yet to kick off this week. It was slow last week, with the South kicking things off at $181, down $2 on the week. Northern sales were light...
Custom Quotes
Quotes are delayed, as of September 10, 2024, 04:04:24 PM CDT or prior.
Local Weather
