Commentary
- Soybeans Posting Tuesday Gains Despite USDA Raising Brazilian Production
- Soybeans are trading with 10 to 11 cent gains so far on Tuesday. The cmdtyView national average Cash Bean price is up 10 ½ cents at $10.55. Soymeal futures are $2.40 higher on the day, with Soy Oil futures are 37 to 38 points in the green on the day....
- Wheat Trading Mixed on Tuesday
- The wheat complex is trading with the three markets mixed, Chicago SRW future are trading with slight 1 to 2 cent losses so far on the day. KC HRW futures are showing penny gains on Tuesday. MPLS spring wheat is trading with slight loses to 1 ¼ cents at midday...
- Hogs Weakness Extending to Tuesday
- Lean hog futures are trading with 25 to 92 cent losses across the front months on Tuesday. USDA’s national base hog price was reported at $84.92 on Tuesday morning. The CME Lean Hog Index was 11 cents lower on Feb 6 at $86.46. USDA’s pork carcass cutout value from Tuesday...
- Corn Ticking Higher Following Bull Friendly USDA Report
- Corn futures are trading with fractional to penny gains so far on Tuesday, following friendly USDA report. The CmdtyView national average Cash Corn price is up ¾ cent at $3.96. The monthly WASDE update from the USDA showed the US ending stocks cut by 100 mbu, with carryout projected at...
- Cotton Holding Gains into Tuesday’s Midday
- Cotton futures are trading with midday gains limited to 3 to 18 points in the nearbys. Crude oil futures are down $0.20 per barrel on the day at $64.16. The US dollar index is up $0.017 to $96.705. USDA’s update to the WASDE balance sheet showed a 200,000 bale cut...
- Cattle Slipping Lower on Tuesday
- Live cattle are posting 17 to 95 cent losses in the front months on Tuesday. There were no deliveries issued against February live cattle on first notice day on Monday. Cash trade was quiet on Monday, after settling in last week at $240-244 in the north and $242-245 in the...


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