Commentary
- Cotton Rallies on Tuesday
- Cotton futures rallied on Tuesday, with contracts 145 to 159 points higher at the close. Crude oil was up another $1.76 per barrel, with the US dollar index up 0.254. Monday afternoon’s Crop Progress showed 73% of the US cotton crop squared as of Sunday, 1% ahead of normal. The...
- Cattle Slip Back on Tuesday
- Live cattle futures rounded out the Tuesday Session with mixed trade, a contracts were up 15 cents to 10 cents lower. Cash trade has yet to get kicked of this week with Monday compiling showlists. Last week settled in at $238-240 in the north, with Southern trade at $237-238. Feeder...
- Hogs See Modest Strength on Tuesday
- Lean hog futures were up 17 to 42 cents at the Tuesday close. USDA’s national base hog price was reported at $100.22 on Tuesday afternoon, up $1.33 from the day prior. The CME Lean Hog Index was 51 cents higher on July 17 at $96.16. USDA’s pork carcass cutout value...
- Wheat Rallies Late on Tuesday
- The wheat complex shrugged off early weakness on Tuesday, with contracts higher across the three markets. Chicago SRW contracts were 4 to 5 cents in the green. KC HRW futures were up 9 to 10 ½ cents in the front months. MPLS spring wheat was the leader, with contracts 11...
- Soybeans Ease Lower on Turnaround Tuesday
- Soybeans posted Turnaround Tuesday losses of 3 to 6 1/2 cents on the session pulling off early lows. The cmdtyView national average Cash Bean price was down a nickel at $11.84. Soymeal futures were $2.80 to $3.00 higher, with Soy Oil futures down 45 to 50 points. Crop Progress data...
- Corn Firm Late to Close Tuesday with Gains
- Corn futures found strength late in the session, with contracts up 2 to 3 ¼ cents across the front months. The CmdtyView national average Cash Corn price was up 3 ¼ cents at $4.21. The weekly Crop Progress report showed 59% of the US corn crop silking by July 19,...
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