Commentary
- Corn Slipping to Start Monday Trade
- Corn price action is down 1 to 2 cents as we begin Monday trade. 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. Open interest was up 6,691 contracts on Friday. The CmdtyView national...
- Hogs Look to New Week of Trade Following Recent Weakness
- Lean hog futures closed Friday with contracts down a tick to 67 cents, as June was down $2.67 this week. Open interest was down 3,949 contracts on Friday. USDA’s national base hog price was reported at $90.28 on Friday afternoon, up 12 cents from the day prior. The CME Lean...
- Soybeans Starting the New Week with Weaker Trade
- Soybeans are down 1 to 3 cents on Monday morning. Futures closed with Friday gains of ½ to 4 ¾ cents across the board, with Marh slipping 8 ½ cents on the week. Open interest was down 15,876 contracts on Friday, mostly in May and July. The cmdtyView national average...
- Cattle Traders Look to React to Neutral Cattle on Feed Report
- Live cattle futures closed Friday seeing some strength off the lows but closing down 22 to 87 cents. April was down $1.82 last week. Open interest was down 4,383 contracts on Friday. Cash trade has picked up this week, with $248 sales across the country, higher in the south but...
- Wheat Starting Monday with Gains
- Wheat is starting off Monday trade with higher trade across the three markets. 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...
- Cotton Pulling Back on Monday Morning
- Cotton price action is down 35 to 48 points on Monday AM trade. 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...
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