Commentary
- Corn Rally Extends to Tuesday
- Corn futures posted gains of 6 to 8 ¾ cents across most contracts on Tuesday, extending to new highs. There were another 187 deliveries issued against September corn overnight. The CmdtyView national average Cash Corn price was up 7 1/4 cents at $4.99 3/4. This week’s Crop Progress report showed...
- Hogs Close Mixed on Tuesday
- Lean hog futures posted mixed Tuesday trade, with contracts down a tick to 25 cents and deferreds steady to 25 cents higher. USDA’s national base hog price was reported at $91.63 on Tuesday afternoon, up $2.90 from the day prior. The CME Lean Hog Index was down another 66 cents...
- Cotton Falls Back Lower on Turnaround Tuesday
- Cotton posted Turnaround Tuesday losses of 115 to 169 points at the Tuesday close. Crude oil was $4.92 per barrel higher on the day, with the US dollar index up $0.235. Weekly Crop Progress data showed 89% of the US cotton setting bolls as of Sunday, with 29% of the...
- Soybeans Rally to the Teens on Tuesday Following EPA News, Ratings Drop
- Soybeans were rallying on Tuesday, contracts 21 to 29 3/4 cents in the green at the close. The cmdtyView national average Cash Bean price was up 11 ¾ cents at $12.62 1/4. Soymeal futures were up $1.80 to $7.40 on the day, with Soy Oil up 116 to 187 points....
- Wheat Bulls Extend Rally to Tuesday
- The wheat complex started off September with an extension of the rally. Chicago SRW contracts were up 4 ¼ to 9 3/4 cents on the day. There were another 9 deliveries overnight against Sep CBT wheat. KC HRW futures were 1 ½ to 7 ¼ cents higher at the close....
- Cattle Fall Lower on Tuesday
- Live cattle futures posted 60 cent to $1.55 losses on the day. Last week’s cash trade was mostly $220-222 late across the country. Nothing has been reported for this week. Feeder cattle futures were $1.10 to $1.97 lower at the close. The CME Feeder Cattle Index was down another 17...
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