Commentary
- Soybeans Face Pressure on Tuesday with Wetter Forecast
- Soybeans were pressured by weaker products, crude and a wetter forecast on Tuesday, with contracts steady in some deferreds to down 15 cents in the nearbys. The cmdtyView national average Cash Bean price was down 13 3/4 cents at $11.34 1/2. Soymeal futures were down $1.20 to $3.20, with Soy...
- Hogs Head into Tuesday’s Close with Gains
- Lean hog futures posted Tuesday gains of 32 to 62 cents at the close. USDA’s national base hog price was reported at $99.65 on Tuesday afternoon, up 20 cents from the day prior. The CME Lean Hog Index was down 55 cents on July 31 at $97.68. Pork exports converted...
- Corn Falls Back on Turnaround Tuesday
- Corn futures closed out the Tuesday session falling lower, down 2 to 7 cents across most contracts at the close. Crude oil, down $5.20, added pressure. The CmdtyView national average Cash Corn price was down 7 1/4 cents at $4.13 1/2. The weekly Crop Progress report showed condition ratings slipping...
- Cotton Comes Back to Close Mixed on Tuesday
- Cotton futures were down 8 to 22 points in the front months with other contracts, up 2 to 40 points. Crude oil was down $5.20 per barrel, with the US dollar index down $0.031. The Monday Crop Progress report showed condition ratings pegged at 42% good/excellent, down 4 percentage points...
- Wheat Closes with Tuesday Weakness
- The wheat complex was under pressure on Tuesday, with the three markets falling lower. Chicago SRW contracts were 11 to 14 cents in the red. KC HRW futures were 9 1/2 to 11 1/4 cents lower across the board. MPLS spring wheat was down 5 1/2 to 10 3/4 cents...
- Cattle Bulls Push Back Higher on Tuesday
- Live cattle futures posted gains of 85 cents to $1.72 across the board on Tuesday. Cash trade was at $232-233 last week, with a few at $235. Trade has been quiet so far despite early bids near $233 on Monday. Feeder cattle futures were back up 35 cents to $3.60...
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