Commentary
Cotton Close Wednesday with Gains
Cotton futures closed out the Wednesday session with gains of 11 to 40 points. Crude oil futures were down $0.94 per barrel on the day at $64.90. The US dollar index was down $0.130 to $96.805. The Seam showed sales on 10,876 bales sold on 2/10, averaging 57.48 cents/lb. The...
Wheat Rallies on Wednesday
The wheat complex found some strength on Wednesday. Chicago SRW futures closed out the session with strength as front months were up 5 to 9 cents. KC HRW futures were up 5 to 8 cents on Wednesday. MPLS spring wheat was 2 to 4 ¼ cents higher on the session....
Soybeans Hold onto Gains on Wednesday
Soybeans posted gains of 1 to 4 3/4 cents to close out Wednesday. The cmdtyView national average Cash Bean price was up 2 cents at $10.58 1/4. Soymeal futures were $1.00 to $2.20 higher on the day, with Soy Oil futures slipping 15 to 36 points on the day. The...
Hogs Extend Losses on Wednesday
Lean hog futures closed the Wednesday session with contracts down 55 cents to $1.65, with nearby February up a nickel. USDA’s national base hog price was reported at $88.17 on Wednesday afternoon, up 43 cents from the day prior. The CME Lean Hog Index was 14 cents lower on Feb...
Cattle Rally Back on Wednesday
Live cattle futures were back in rally mode on Wednesday, with contracts up $2.50 to $3.55. Cash trade has been quiet this week, with a few sales of $243 in KS reported on Wednesday. The Fed Cattle Exchange online auction showed no sales on the 1,272 head offered, with bids...
Corn Sees Spreading on Friday, with New Crop Seeing Gains
Corn futures closed the midweek session with contracts down fractionally to 1 ½ cents in the nearbys. New crop contracts saw 1 to 2 ¼ cent gains. The CmdtyView national average Cash Corn price was down 1 1/4 cents at $3.94. The average close for December futures in February has...


  


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