Commentary
- Wheat Posts Friday Gains
- The wheat complex saw mostly higher trade on Friday. Chicago SRW futures were the lagger, closing moistly within ¼ cent of unchanged, as May was up 9 ¾ cents this week. KC HRW futures posted gains of 3 ¼ to 6 ¼ cents to lead the way, as May was...
- Cattle Rallies to Close Out the Week
- Live cattle futures were in rally mode on Friday, with contracts up $2.425 to $3.975, as April was up $4.45 this week. Cash trade was light with a few $234-235 sales. Feeder cattle futures closed with gains of $4.12 to $8.07 on Friday, as May was up $10.275 on the...
- Hogs Post Friday Gains
- Lean hog futures saw Friday strength, with contracts up $1.22 to $2.12 in most front months, as April was down a nickel. USDA’s national base hog price was reported at $90.52 on Friday afternoon, down 37 cents from the day prior. The CME Lean Hog Index was down another 19...
- Soybeans Sell the Fact Following RVO Release
- Soybeans closed the Friday session with contracts down 5 to 14 ½ cents in most front months, as May was down 2 cents this week. The cmdtyView national average Cash Bean price as down 14 ¼ cents at $10.86. Soymeal futures posted Friday losses of $2.20 to $6.80, with May...
- Cotton Rallies on Friday
- Cotton futures posted gains of 3 to 45 points on Friday, with a weekly gain of 215 points for May. The US dollar index was $0.337 higher at $100.045. Crude oil saw some late session buying up $6.68 on the day to $101.16. Export Sales data now has the 9.556...
- Corn Fades Lower into the Weekend
- Corn futures eased back lower into the weekend, closing Friday with contracts steady to 5 cents lower led by the nearbys. Front month May was down 3 ½ cents this week. The CmdtyView national average Cash Corn price was down 5 cents to $4.19 1/2. Export Sales data from Thursday...
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