Ag Market Commentary
- Corn Posts Wednesday Strength as Robust Ethanol Production Continues
- The corn market rallied off early session lows on Wednesday, with contracts closing the day up 1 1/4 to 3 cents. Near record ethanol output and continued spillover strength in wheat helped. The national average Cash Corn price from cmdtyView was up 3 cents at $4.07 3/4 per bu. EIA...
- Soybeans Fall to Weakness on Wednesday as Bean Oil Adds Pressure
- Soybeans continued to see weakness on Wednesday as contracts posted losses of 4 ½ to 19 ¼ cents. CmdtyView’s national front month Cash Bean price was down 7 1/12 cents at $9.39. Soymeal futures were up 70 cents to $1.30/ton, but Soy Oil futures brought the pressure, down another 95...
- Cotton Rally on Wednesday
- Cotton futures ended the midweek Wednesday session with contracts rallying 65 to 157 points. The outside markets were pressure factors but were shrugged off. The US dollar index is up 457 points, with crude oil futures back down 23 cents/barrel. The Seam reported 2,808 bales of online sales on November...
- Hogs Rally Resumes on Wednesday as Negotiated Cash Firms
- Lean Hog futures closed out the Wednesday session with contracts up 57 cents to $1.52. The national average base hog negotiated price was up $2.55 in the Wednesday PM report at $85.04. The CME Lean Hog Index was reported at $88.09 on November 18, down another 40 cents from the...
- Wheat Strength Pushes ton Wednesday’s Close as Black Sea Tensions Remain High
- The wheat complex continues to extend higher as the Black Sea tensions heighten, with all three markets closing higher. Chicago SRW futures were up 2 3/4 to 5 cents across the board at the close. KC HRW contracts saw gains of 2 to 3 1/2 cents to close out the...
- Cattle Post Mixed Trade on Wednesday
- Live cattle futures rounded out Wednesday trade with contracts within 27 cents on either side of unchanged. Cash trade came across at mostly $185 across the country last week, down $1 to $3. Action early in the week has been mostly compiling showlists. Asks so far this week have started...
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