HARVEST HOURS
Commentary
- Cattle Fall Back on Friday
- Live cattle futures posted losses of 45 cents to $2.67 across the board on Friday, giving back the gains from the week, as October was just a tick lower wk/wk. October options expired on Friday. Cash trade saw some light $348-350 dressed action in the North so far this week...
- Wheat Post Mixed Friday Trade
- The wheat complex was mixed on Friday, KC leading the way to the downside. Chicago SRW contracts settled the session with contracts steady to as much as 3 cents higher with the deferreds the leaders, as December was 20 ¼ cents lower on the week. KC HRW futures were steady...
- Hogs Bounce Higher on Friday
- Lean hog futures found some buyers to close out the week, with contracts $1.10 to $1.57 higher on the week. October was 37 cents in the green on Friday, with a weekly loss of 35 cents. USDA’s national base hog price was reported at $77.23 on Friday afternoon, up 30...
- Cotton Rallies Back into the Weekend
- Cotton futures saw strength on Friday, with contracts closing steady to 112 higher across the board. December was still down 383 points on the week, despite the Friday gains. Crude oil was back down $1.61 per barrel on the session, with the US dollar index back down $0.203. The weekly...
- Corn Bulls Fail to Hold $5 on Friday
- Corn futures fell under pressure on Friday, with contracts down 1 ½ to 5 ¼ cents across the board. December collapsed this week for a 30 ½ cent loss, of 5.77%. The CmdtyView national average Cash Corn price was down 2 1/4 cents at $4.59. USDA reported a private export...
- Soybeans Head into the Weekend with Modest Weakness
- Soybeans posted losses of 2 ¼ to 6 ¼ cents across the board on Friday, as November was 40 ¾ cents lower for the week. The cmdtyView national average Cash Bean price was down 6 cents at $12.23. Soymeal futures were down $2.40 to $7.40, led by the front months,...
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