Commentary
Corn Bouncing at Tuesday’s Midday
Corn futures are trading with midday gains of 1 of 3 cents on Tuesday, following strength on Tuesday. The CmdtyView national average Cash Corn price is up a nickel at $4.18 ¾. The weekly Crop Progress report showed 59% of the US corn crop silking by July 19, 5 percentage...
Soybeans Slipping Back on Turnaround Tuesday
Soybeans are posting Turnaround Tuesday losses of 4 to 8 cents so far at midday. The cmdtyView national average Cash Bean price is down 7 1/24 cents at $11.82 3/4. Soymeal futures are $2.30 to 3.50 higher, with Soy Oil futures down 70 to 83 points. Crop Progress data from...
Wheat Bulls Powering Through at Midday
The wheat complex is shrugging off early weakness for midday gains. Chicago SRW contracts are fractionally in the green. KC HRW futures are 5 to 6 cents higher. MPLS spring wheat is leading the charge, up 7 to 8 cents. NASS Crop Progress data showed 74% of the US winter...
Cotton Rallying on Tuesday
Cotton futures are trading with contracts 140 to 147 points higher. Futures were up 9 to 37 points across most contracts on Monday. Crude oil is up another $1.78 per barrel, with the US dollar index up 0.159. Monday afternoon’s Crop Progress showed 73% of the US cotton crop squared...
Hogs Posting Modest Gains on Tuesday
Lean hog futures are up 40 to 57 cents at midday. USDA’s national base hog price was reported at $98.13 on Tuesday morning. The CME Lean Hog Index was 51 cents higher on July 17 at $96.16. USDA’s pork carcass cutout value was $2 higher in the Tuesday morning report,...
Cattle Facing Modest Tuesday Weakness
Live cattle futures are posting 10 to 30 cent losses in modest Turnaround Tuesday weakness. Cash trade has yet to get kicked of this week with Monday compiling showlists. Last week settled in at $238-240 in the north, with Southern trade at $237-238. Feeder cattle futures are trading with a...


  


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