Commentary
- Soybeans Holding onto a Thursday Bounce at Midday
- Soybeans are trading with contracts 1 to 3 cents higher at midday. The cmdtyView national average Cash Bean price is up 5 ¾ cents at $11.52 ¼. Soymeal futures are up 40 to 90 cents across the front months, with Soy Oil futures down 20 to 50 points. USDA reported...
- Corn Showing Fractional Losses on Thursday
- Corn futures are trading with contracts fractionally lower at midday on Thursday, as early spillover support from wheat is being ignored. The CmdtyView national average Cash Corn price is down 1/2 cent at $4.18 1/4. The next 7 days are looking for 1 to 2 inches across much of eastern...
- Cattle Extending this Week’s Bounce to Thursday
- Live cattle futures are posting $1.90 to $2.15 gains across most contracts. There are a few bids at $235 being reported in the north on Thursday. The Thursday Fed Cattle Exchange online auction showed no sales on the 1,054 head offered and a few bids of $228. Feeder cattle futures...
- Cotton Rallying on Thursday
- Cotton futures are trading with contracts 125 to 188 point in the green at Thursday’s midday. Crude oil is back down just 38 cents per barrel, with the US dollar index falling 0.879. Export Sales data showed 29,719 RB of cotton sold for 2025/26 in the week of July 23....
- Wheat Rally Holding at Midday Amid More Black Sea Strikes
- The wheat complex is trading with gains across the three exchanges so far on Thursday. Chicago SRW contracts are trading with gains of 8 to 9 cents on Thursday. KC HRW futures are 12 to 13 cents higher at midday. MPLS spring wheat is up 10 to 11 cents in...
- Hog Retreat Extending to Thursday
- Lean hog futures are posting $1.87 to $2.87 losses across most contracts at midday. USDA’s national base hog price was reported at $100.52 on Thursday morning, down $1.13 from the day prior. The CME Lean Hog Index was another 10 cents higher on July 28 at $98.45. Weekly Export Sales...
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