Commentary
- Wheat Closes Friday on a Mixed Note
- The wheat complex was mixed on Friday, with the winter wheat contracts closing lower. CBT soft red wheat futures were 7 to 8 cents lower trade to close out the week, as December was down 6 ¼ cents on the week. KC HRW futures posted 3 to 5 cents losses,...
- Hogs Close Mixed on Friday
- Lean hog futures are mixed trade at Friday’s close, with nearby December up 42 cents and other contracts down 50 cents. December was still down $21.87 on the week. USDA’s national base hog price from Friday PM was reported at $83.99, down 32 cents from the day prior. The CME...
- Soybeans Close the Week on a Bounce
- Soybeans posted some strength to close out the week, as contracts were up 8 to 10 cents. January was up 1 ¾ cents on the week that saw several double digit swings. There were another 36 deliveries issued overnight, taking the total to 1,506 for the month. The cmdtyView national...
- Cattle Rally Back Higher on Friday, as President Trump Comments After the Close
- Live cattle futures were up $2.50 to $3.05 on Friday to round out the week with $8.32 losses. The Friday morning Central Stockyards Fed Cattle Exchange online auction showed $228-230 sales on 160 of the 1,228 head offered. Outside of that, Northern sales have been reported at $230-230.50, with $232...
- Cotton Head into the Weekend with Losses
- Cotton futures posted 60 to 92 point losses across most contracts on Friday, with December down 192 points this week. Crude oil futures were 39 cents/barrel to $59.82 on the day, with the US dollar index $0.165 lower to $99.420. The Thursday online auction from The Seam showed 2,261 bales...
- Corn Eases Lower into the Weekend
- Corn futures posted losses of 1 to 2 cents across most contracts on the Friday session, as December managed to slip 4 ¼ cents lower this week. The CmdtyView national average Cash Corn price was down 1 3/4 cents to $3.88. While the government remains closed, the USDA is expected...
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