Commentary
- Hogs Posting Mixed Trade at Midday
- Lean hog futures are mixed, with nearby October up 37 cents and other contracts 40 to 60 cents lower at midday. USDA’s national base hog price was $79.33 in the Wednesday AM report, down 59 cents from the day prior. The CME Lean Hog Index was down another 50 cents...
- Cotton Holding Steady at Midweek
- Cotton futures are showing steadier trade on Wednesday, with contracts steady to 5 points higher and thinly traded October up 63 points. Crude oil is up $1.05 per barrel on the session, with the US dollar index $0.516 higher. The Seam reported sales of 2,859 bales on 9/22 at an...
- Cattle Bulls Back to Rallying on Wednesday
- Live cattle futures are in rally mode on Wednesday, with contracts up $1.82 to $2.90 at midday. The Wednesday Fed Cattle Exchange online auction showed no sales on the 1,696 head offered with bids reported at $223. Early cash trade has been reported at $350 dressed in the North. Feeder...
- Wheat Falling Lower on Wednesday
- The wheat complex is trading with losses across the three exchanges at midday. Chicago SRW is slipping 9 to 10 cents on Wednesday. KC HRW futures are leading the drive to the downside, with contracts 11 to 12 cents lower. MPLS spring wheat is down 8 to 9 cents at...
- Soybeans Correcting Lower Ahead of Trump/Xi Meeting
- Soybeans are trading with losses as traders square up ahead of the US/China meeting this week. Contracts are down 10 to 12 ¼ cents. The cmdtyView national average Cash Bean price is down 11 3/4 cents at $12.54. Soymeal futures are up a dime to down $1.30 to $2.40, as...
- Corn Pulling Back on Wednesday
- Corn futures are trading with 7 to 8 ¼ cent gains at midday. The CmdtyView national average Cash Corn price is down 8 1/4 cents at $4.83 1/4. USDA reported a private export sale of 100,000 MT of 2026/27 corn to Mexico this morning. Export Sales data will be out...
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