Commentary
- Cotton Rallying Early on Tuesday
- Cotton prices are 100 to 111 points higher so far in early Tuesday action. Futures posted gains of 35 to 56 points across most contracts on Monday. Crude oil was down $3.72 at the close after the US and Iran came to a peace deal over the weekend, to be...
- Hog Bulls Looking a for Turnaround Tuesday Bounce
- Lean hog futures closed with losses of 40 cents to $1.15 on Monday. Open interest was down 479 contracts on Monday. USDA’s national base hog price was reported was $97.25 on Monday afternoon, up $1.98 from the day prior. The CME Lean Hog Index was down 15 cents on June...
- Wheat Posting Mixed Action Early on Tuesday
- Wheat is looking at mixed trade so far on Tuesday morning, with CBT leading the charge higher. The wheat complex saw mixed action on Monday, with the spring wheat market the weakest. Chicago SRW contracts were up 3 ¾ to 5 ¾ cents on the day. Open interest suggested a...
- Corn Slipping Back on Tuesday, as Crop Ratings Improve
- Corn is trading with slightly losses of 1 to 1 ½ cents so far on Tuesday morning. Futures closed the Monday session with contracts up ¾ to 3 ¾ cents across the board, shrugging off early session losses and new contract lows. Preliminary open interest was up 20,149 contracts, implying...
- Soybeans Falling Early on Tuesday
- Soybeans are showing 9 to 11 cent losses early on Tuesday trade. Futures saw gains at the Monday close despite the early weakness, with contracts up 2 1/2 to 5 3/4 cents at the final bell. Open interest was up 4,738 contracts. The cmdtyView national average Cash Bean price was...
- Cattle Traders Look to Tuesday After Monday Strength Out of the Gates
- Live cattle futures posted gains of 75 cents to $3 across the board on Monday. Open interest suggested net new buying, up 3,823 contracts. Sharp gains in the equities following the weekend deal between the US and Iran offered spillover support. Cash trade was mostly $255-258 across the country last...
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