Commentary
- Wheat Holding Higher on Wednesday’s Midday
- The wheat complex is in bounce back mode on Wednesday. Chicago SRW futures are trading 5 to 7 ½ cents higher on Wednesday. KC HRW futures are posting 7 to 8 cent midday gains. MPLS spring wheat is showing 2 to 3 cent gains at midday. The annual Ag Outlook...
- Corn Holding Steady at Midday
- Corn futures are steady to fractionally higher so far on Wednesday. The CmdtyView national average Cash Corn price is steady at $3.93. USDA's armchair estimate for the US corn balance sheet will be released at Thursday’s Ag Outlook Forum. Ahead of the release, a Bloomberg survey of analysts is calling...
- Cotton Trading with Wednesday Midday Gains
- Cotton futures are back to higher trade on Wednesday, as contracts are up 16 to 28 points at midday. Crude oil futures are up $2.80 per barrel on the day at $65.13. The US dollar index is up $0.425 to $97.485. USDA’s Ag Outlook Forum will release initial balance sheet...
- Cattle Holding Steady at Midday
- Live cattle futures are firm so far on Wednesday, with contracts withing 30 cents of unchanged. Cash trade has been quiet so far this week. The Wednesday Fed Cattle Exchange auction showed one lot of 138 head sold at $249 live, with the rest of the 1,541 head getting bids...
- Hogs Extending Bounce to Wednesday
- Lean hog futures are showing 40 to 90 cent gains across most front months on Tuesday. USDA’s national base hog price was not reported on Wednesday morning due to light volume. The CME Lean Hog Index was 7 cents higher on Feb 16 at $87.13 USDA’s pork carcass cutout value...
- Soybeans Drifting Lower at Midday
- Soybeans are falling back from early Wednesday gains, as contracts are down 3 to 4 so far. The cmdtyView national average Cash Bean price is down 4 cents at $10.64 1/2. Soymeal futures are down $2 to 3.10 in the front months, with Soy Oil futures 114 points higher. Strength...


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