Commentary
- Corn Bulls Gaining Ground Following USDA Reports, with Bullish Stocks Data
- Corn futures are trying to gain some steam following a friendlier Grain Stocks report, with contracts up 3 to 6 cents. There were 44 delivery notice on first notice day for July futures. The CmdtyView national average Cash Corn price is 5 1/2 cents higher at $3.81 ½. Acreage data...
- Hog Bulls Gaining Ground on Tuesday
- Lean hog futures are showing 12 to 72 cent gains so far on Tuesday. USDA’s national base hog price was reported at 97.05 on Tuesday morning. The CME Lean Hog Index was back down 14 cents on June 26 at $91.41. USDA’s pork carcass cutout value was $2.96 lower in...
- Wheat Rallying on Friendly USDA Report Data
- The wheat complex is trading with contracts higher across the three exchanges on Tuesday. Chicago SRW contracts are 10 to 11 cents higher so far at midday. July had 25 delivery notices on first notice day. KC HRW futures are 14 to 15 cents higher at midday. There were 443...
- Cotton Holding onto Gains at Midday Despite More Acres
- Cotton futures are showing modest gains on Tuesday, despite USDA reporting more acres than expected this morning. Gains of 35 to 70 points are shown at midday. Crude oil is down $0.82/bbl to $69.83. The US dollar index is up $0.118 at $100.995. The annual June Acreage report showed all...
- Cattle Extending Losses to Tuesday
- Live cattle futures are trading with 75 cent to $1.30 losses across most contracts on Tuesday. Cash trade was quiet on Monday with last week at northern sales of $260 live and $408-410 dressed, with a few sales at $258 in the South. Feeder cattle futures are down $3.37 to...
- Soybeans Posting Midday Gains Despite Larger Stocks, More Acres and Product Weakness
- Soybeans are buying the fact after selling the rumor leading up to the USDA reports on Monday. Tuesday’s gains are 4 to 7 cents at midday. July futures had 31 delivery notices on first notice day. The cmdtyView national average Cash Bean price is up 4 3/4 cents at $10.67....


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