Ag Market Commentary
- Corn Heads Lower into the Close
- Corn futures failed to hold the early session gains after USDA failed to trim back their ending stocks projection on Tuesday, with contracts closing fractionally to 3 cents in the red. CmdtyView’s national average Cash Corn price was down 1 1/4 cents at $4.31 1/4. The USDA’s updated balance sheet...
- Wheat Holds Tuesday Losses as USDA Raises Stocks Estimate
- Wheat closed lower across the three exchanges on Tuesday with more wheat expected this month for the end of the marketing year. Chicago SRW futures were down 4 to 6 cents on the day. KC HRW futures close with 6 to 7 cent losses in the front months. MPLS spring...
- Cattle Faces Tuesday Weakness
- Live cattle futures settled the Tuesday trade with contracts down 75 cents to $1.02 . Cash trade has been quiet so far, with last week’s trade at $196-198 in the south and northern trade at $200-202. Feeder cattle posted mixed action on Tuesday, with contracts 22 cents lower to 45...
- Soybeans Slip Weaker into the Tuesday Close
- Soybeans slipped back on Tuesday, closing 1 to 3 ents lower, as USDA made no changes to the US balance sheet. The cmdtyView national front month Cash Bean price was down 2 cents at $9.47 1/4. Soymeal futures were steady to down 50 cents/ton in the nearbys, with Soy Oil...
- Cotton Holds Steady at the Closing Bell
- Cotton futures posted slightly mixed trade on Tuesday, with contracts anywhere from up 2 points to down 9 across the front months. The outside markets were supportive factors, with crude oil futures up 59 cents/barrel and the US dollar index back down $0.598 on the day. This morning’s update to...
- Hogs Fall Back Weaker on Tuesday
- Lean hog futures posted Tuesday losses of 45 cent to $1.75, led by the nearbys. USDA’s national average base hog negotiated price was reported at $90.98 on Tuesday afternoon, up $2.08 from the previous day. The CME Lean Hog Index was down another 29 cents from the previous day at...
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