Commentary
- Corn Trading Mixed on Thursday
- Corn futures are showing mixed trade with contracts within a penny of unchanged, as the front months are weaker. The CmdtyView national average Cash Corn price was up 3/4 cent at $4.15 3/4. Crude Oil is up $10.54 higher at midday, following President Trump’s address the nation on Wednesday night...
- Hogs Falling into the Long Weekend
- Lean hog futures are down 40 to 60 cents so far on Thursday. USDA’s national base hog price was not reported on Thursday morning due to low volume. The CME Lean Hog Index was down another 4 cents on March 31 at $90.41. Thursday will be the last trade day...
- Soybeans Slipping at Midday
- Soybeans are showing fractional to 3 cent losses in the front months. The cmdtyView national average Cash Bean price is down 2 3/4 cents at $10.97 3/4. Soymeal futures are down $3.00 to $3.60, with Soy Oil futures 150 to 172 points higher. Crude Oil is up $10.54 higher at...
- Wheat Holding Gains at Midday
- The wheat complex is showing gains so far on Thursday as the market looks to a three-day weekend. Chicago SRW futures are showing penny gains in the front months at midday. KC HRW futures are 5 to 6 cents higher on Thursday. MPLS spring wheat was us back up 3...
- Cattle Extending Higher on Thursday
- Live cattle futures are up 67 cents to $1.05 at midday. Cash trade has yet to get kicked off this week, with bids at midday of $238-242. The Thursday morning Fed Cattle exchange showed no sales on the 1,016 head offered, with limited bids of $238-239.50. Feeder cattle futures are...
- Cotton Trading Mixed on Thursday
- Cotton futures are up 4 points to down 14 points at midday. The US dollar index is $0.347 higher at $99.805. Crude Oil is up $10.54 higher at midday, following President Trump’s address the nation on Wednesday night that indicated 2-3 weeks more of strikes and an uncertain fate to...
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