Commentary
- Wheat Falling Back on Friday
- The wheat complex is trading with midday losses across the three markets on Friday. Chicago SRW futures are trading with 5 to 6 cent losses on Friday. KC HRW futures are down 5 to 7 cents in most contracts. MPLS spring wheat is steady to a penny lower. Export Sales...
- Hogs Holding Steady on Friday
- Lean hog futures are trading with contracts steady to 20 cents higher on Friday. USDA’s national base hog price was reported at $87.05 on Friday morning. The CME Lean Hog Index was 2 cents higher on Feb 3 at $86.38. USDA’s pork carcass cutout value from Friday afternoon report was...
- Cotton Falling Lower on Friday
- Cotton Falling Lower on Friday
- Cattle Rallying Back on Friday with Cash Strength
- Live cattle are trading with $4 to $5.25 gains so far on Friday. The Friday Fed Cattle Exchange online auction showed $242-243 sales on 761 of the 1,602 head offered. Cash trade has picked up to $240-241 in the north and $242-245 in the south. Feeder cattle futures are up...
- Soybeans Retreating into Friday’s Midday
- Soybeans are falling from the intraday highs by 20+ cents, as contracts are steady to a couple cents higher in the front months. The cmdtyView national average Cash Bean price is 1/2 cent higher at $10.47 1/2. Soymeal futures steady to 50 cents lower, with Soy Oil futures steady to...
- Corn Falling Back on Friday
- Corn futures are down 3 to 4 ½ cents in the front months on Friday. The CmdtyView national average Cash Corn price is down 4 3/4 cents at $3.97. The average close so far this week for December futures has been $4.57. The average close for February is used for...
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