Commentary
- Cotton Coming Out of Memorial Day Weekend with Strength
- Cotton price action is up anywhere from 2 to 57 points on Tuesday AM trade. Futures were 8 to 56 cents lower in most contracts on Friday, with July down 319 points on the week. December was down 258 points since last Friday. The US dollar index was $0.052 higher...
- Corn Falling Early on Tuesday
- Corn price action is resuming trade on Tuesday morning with losses of 4 to 5 cents. Crude oil is a pressure factor, down $3.85 from Friday, as the US and Iran were inching closer to a deal over the weekend, though there is nothing set as of this morning. Futures...
- Soybeans Slipping on Tuesday Morning Trade
- Soybeans are showing 3 to 5 ½ cent lower trade so far on Tuesday morning. Crude oil is a pressure factor, down $3.85 from Friday, as the US and Iran were inching closer to a deal over the weekend, though there is nothing set as of this morning. Futures held...
- Wheat Extending Slide on Tuesday Morning
- Wheat is feeling pressure from oil losses early on Tuesday morning with contracts down 2 to 7 cents. Crude oil is a pressure factor, down $3.85 from Friday, as the US and Iran were inching closer to a deal over the weekend, though there is nothing set as of this...
- Cattle Traders Look to Respond to Cattle on Feed Data After Long Weekend
- Live cattle futures were up 25 cents to $1.02 lower on Friday, with June down $4.60 last week. Open interest was down 3,356 contracts on Friday. Cash trade from last week has been $260 to $265 across the country, with late sales slipping to $258-260. Feeder cattle futures were down...
- Hogs Look to Tuesday Trade Following 3-Day Weekend
- Lean hog futures closed mixed on Friday, with contracts 62 cents higher to 72 cents lower. June was down $3 last week. USDA’s national base hog price was $93.23 in the Friday PM report, down 35 cents from the day prior. The CME Lean Hog Index was up 45 cents...
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