Commentary
- Cattle Falling Back on Wednesday
- Live cattle futures are down 45 to 90 cents at midday. Cash trade has been quiet so far this week, as last week was $246-249 in the South and $249-250 in the north. The Thursday morning Fed Cattle Exchange online auction showed no sales on the 1,222 head, with bids...
- Hogs Leaking Lower on Wednesday
- Lean hog futures are trading with 40 to 70 cent losses at midday, with April up 22 cents as it expires today. USDA’s national base hog price was reported at $92.20 on Wednesday morning, up $1.94 from the day prior. The CME Lean Hog Index was back up 6 cents...
- Cotton Rallying on Wednesday
- Cotton is rallying on Wednesday with contracts up 90 to 125 points at midday. The US dollar index is $0.063 lower at $97.845. Crude oil is up 55 cents on the day. The Seam showed 5,245 bales sold on 4/14 at an average of 72.10 cents/lb. The Cotlook A Index...
- Soybeans Popping Back Higher on Wednesday
- Soybeans are in rally mode, with contracts 10 to 12 cents higher so far. The cmdtyView national average Cash Bean price is up 11 cents at $10.91 1/4. Soymeal futures are $2.70 to $3.30 high on the day, with Soy Oil futures up 100 to 110 points. NOPA data from...
- Wheat Holding Firm on Wednesday
- The wheat complex is reverting from early weakness to post marginal midday gains. Chicago SRW futures are fractionally to 2 cents higher. KC HRW futures is showing 1 to 3 cent gains at midday. MPLS spring wheat is fractionally higher. The next 7 days are expected to remain dry from...
- Corn Rallying on Wednesday
- Corn futures are trading with 7 to 8 ¼ cent gains in the front months on Wednesday. The CmdtyView national average Cash Corn price is up 8 1/2 cents at $4.14 1/2. Some premium may be going in the market as rain is expected over the next week in the...
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