Commentary
- Corn Posting Slight Midday Gains
- Corn futures are holding onto 1 to 2 cent gains at midday. The CmdtyView national average Cash Corn price is up 1 1/4 cents at $3.95 1/2. USDA reported a private export sale of 130,480 MT of corn to unknown destinations this morning. Weekly data will be out on Thursday,...
- Cotton Holding Higher on Wednesday
- Cotton prices are trading with steady to 8 point gains in the front months on Wednesday. Futures were down 29 to 36 points in the front months on Tuesday. Crude oil futures are up $1.92 per barrel on the day at $65.14. The US dollar index is up $0.269 to...
- Wheat Holding Lower on Wednesday
- The wheat complex is mostly lower on Wednesday. Chicago SRW futures are 1 to 2 cents in the red at midday. KC HRW futures are 2 to 3 cents lower on Wednesday. MPLS spring wheat is down 1 to 2 cents so far. Export Sales data will be released on...
- Cattle Holding Gains at Midday
- Live cattle futures are up 40 to 65 cents in the nearbys. The Wednesday Fed Cattle Exchange online auction showed no sales on the 1,602 head offered, with bids of $237. Cash trade from last week was $238-240 live across the country and $375-378 dressed. Feeder cattle futures are up...
- Hogs Mixed on Wednesday
- Lean hog futures are mixed, with contracts 77 cents lower to 15 cents higher at midday. USDA’s national base hog price was reported at $86.29 on Wednesday morning, up 2 cents from the day prior. The CME Lean Hog Index was back up 12 cents on Feb 2 at $85.83....
- Soybeans Rallying on President Trump Post
- Soybeans are trading with 25 to 30 cent gains at midday. The cmdtyView national average Cash Bean price is 27 cents higher at $10.27 1/2. Soymeal futures are $3.40 to $3.80 higher, with Soy Oil futures up 10 to 109 points. A phone call between President Trump and China’s President...
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