Commentary
- Wheat Closes Mixed on Friday
- The wheat complex closed with winter wheat weakness, with spring wheat higher on Friday. Chicago SRW futures were steady in some deferreds to 7 1/4 cents lower in the front months, as May was still up 20 ¼ cents this week. KC HRW futures were 1 ½ to 6 cents...
- Cattle Pull Off Lows on Friday, Still Close with Weakness
- Live cattle futures closed Friday seeing some strength off the lows but closing down 22 to 87 cents. April was down $1.82 this week. Cash trade has picked up this week, with $248 sales across the country, higher in the south but $1 weaker in the North. The Friday Fed...
- Hogs Face Weakness on Friday
- Lean hog futures closed Friday with contracts down a tick to 67 cents, as June was down $2.67 this week. USDA’s national base hog price was reported at $90.28 on Friday afternoon, up 12 cents from the day prior. The CME Lean Hog Index was up 6 cents on April...
- Corn Rallies Back to Close Higher on Friday
- Corn futures closed the Friday session with most contracts fractionally to 2 ½ cents higher, shrugging off early weakness. July was an exception, down ¼ cent. The CmdtyView national average Cash Corn price was up 1/2 cent at $4.12 3/4. Crude oil fell $9.12 on the day following Iran agreeing...
- Cotton Rally into Friday’s Close
- Cotton futures posted gains of 44 to 170 points across the board on Friday, with May rallying 418 points on the week. The US dollar index was $0.045 higher at $98.070. Crude oil fell $9.12 on the day following Iran agreeing to open the Strait of Hormuz this morning. Managed...
- Soybeans Push Higher int Friday’s Close
- Soybeans closed with Friday gains of ½ to 4 ¾ cents across the board, with Marh slipping 8 ½ cents on the week. The cmdtyView national average Cash Bean price was up 4 cents at $11.02. Soymeal futures were down 90 cents to $3 higher on the day, closing the...
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