Commentary
Cattle Look to Tuesday Trade Following a Mixed Monday
Live cattle futures slipped from the early session highs on Monday, with contracts closing 92 cents higher to 20 cents lower. Cash trade rounded out last week with $225-228 sales in the North and some $228 Southern sales. It has been quiet so far on Monday. Feeder cattle futures closed...
Wheat Holding onto Mixed Trade on Tuesday Morning
Wheat is extending the mixed trade to Tuesday, with Chicago the weaker of the three exchanges. The wheat complex saw mixed action to close out the Monday session. Chicago SRW contracts saw fractionally mixed trade on Monday. Open interest was down 4,076 contracts on Monday. KC HRW futures were up...
Hogs Look to Tuesday After Closing Monday Steady
Lean hog futures were mostly steady to 32 cents higher, as October was a tick higher. Open interest was up 3,029 contracts on Monday. USDA’s national base hog price was reported at $92.62 on Monday afternoon, down 68 cents from the day prior. The CME Lean Hog Index was down...
Soybean Gains Extending to Tuesday Morning Following Lower Tour Pod Counts
Soybeans are trading with early Tuesday 6 to 7 cent gains Futures saw gains of 12 to 23 ½ cents across the board on Monday. Open interest was down 820 contracts, with November dropping 5,913 contracts, suggesting some short covering. The cmdtyView national average Cash Bean price was up 24...
Cotton Gains Extending to Tuesday Morning, Following USDA Condition Cut
Cotton price action is up 37 to 42 points so far on Tuesday. Futures are posted higher trade to close out Monday, with contracts up 16 to 68 points across the board. Crude oil was $2.55 higher, with the US dollar index $0.094 lower. Weekly Crop Progress data showed 74%...
Corn Bulls Pushing Higher on Monday After Ratings Drop, Lower Tour Yields
Corn price action is up 1 to 2 cents so far on Tuesday morning. Futures closed the Monday session with contracts 3 to 6 ¼ cents higher across most months. Open interest suggested net new buying, up 15,298 contracts, mainly in December. The CmdtyView national average Cash Corn price was...


  


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