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Soybean Bulls Trying to Battle Back on Wednesday AM Trade
Soybeans are showing 2 to 4 cent higher trade on Wednesday morning. Futures worked lower into the close with contracts down 8 ½ to 12 cents across the board on Tuesday. Open interest was down 6,473 contracts on Tuesday mainly in November (-32,496) ahead of Friday’s first notice day. The...
Hog Selling Continues at Cash and Cutout Remain Weak
Lean hog futures posted losses of $1.92 to $2.65 on the Tuesday session. New short interest was piling in, with open interest rising 6,721 contracts. USDA’s national base hog price was reported at $57.94 in the Tuesday afternoon report, down $1.52 from the day prior. The CME Lean Hog Index...
Wheat Ticking Higher on Wednesday Morning
Wheat is showing mostly higher trade on Wednesday morning, with spring wheat the lagger. The wheat complex fell lower across the three markets on Tuesday. Chicago SRW contracts were 1 to 7 cents in the red at the close. Open interest was up 2,876 contracts. KC HRW futures were fractionally...
Corn Popping Higher to Start Midweek Trade
Corn prices are getting a bounce on Wednesday morning, up 1 to 3 cents Futures closed the Tuesday session with contracts down 3 to 6 ¼ cents across much of the board. Open interest suggested new short interest on Tuesday, rising 18,872 contracts. The CmdtyView national average Cash Corn price...
Cotton Bouncing Back on Wednesday Morning
Cotton prices are back up 34 to 48 points early on Wednesday. Futures closed the Tuesday session with contracts down 79 to 112 points across the board. Crude oil is down $1.56 per barrel on the session, with the US dollar index $0.410 higher. Crop Progress data tallied 89% of...
Cattle Traders Look to Wednesday Following Mixed Tuesday Trade
Live cattle futures closed Tuesday with contracts down 35 to 77 cents, as nearby October was a tick higher. Cash trade has been quiet early this week as feedlots were compiling showlists. Last week awas $228 in the North, with a few southern sales at $230. Feeder cattle futures saw...

  




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