Ag Market Commentary
- Soybeans with Double Digit Overnight Gains
- Soybeans are trading 6 to 11 cents higher to start your Friday. They got a boost from the meal value on Thursday, with bean contracts up 14 to 34 ¼ cents across the board. Flooding in southern Brazil was also a bullish input. Soymeal paved the way for the rally,...
- Corn Breaking Higher on Friday
- Early Friday corn prices are 4 to 5 cents higher than they went home on Thursday. Futures ended Thursday with gains of 4 ½ to 9 cents across most contracts. Weakness in the US dollar has been helpful to the bulls. Some precip is expected to make its way across...
- Cattle Look to Round Out Bumpy Week
- Live cattle shot higher following Wednesday’s late USDA H5N1 announcement, closing with $1.90 to $2.95 gains. Cash trade has been slow to develop this week with a few $186 in KS reported by the USDA, with NE at $187. Both would be an improvement on the week, but noted volume...
- Wheat Resumes Rallying into Friday
- Overnight action in wheat has prices trading 5 to 12 cents higher this morning, with the winter wheat contracts leading the way. Wheat bulls held their ground on Thursday, with gains across all three exchanges. Kansas City futures were up 11 to 11 ½ cents across most contracts. Chicago contracts...
- Cotton Showing Mixed Trade on Friday Morning
- Cotton prices are posting mixed trade to start the final trade session of the week, with July down 59 points and new crop steady to 6 cents higher. Futures continued to work lower as the recent drop in prices hasn’t seemed to attract much export business according to recent USDA...
- Hogs Look to Friday Following Mixed Thursday Trade
- Lean hogs continue the mixed trade this week, as Thursday closed with contracts down 10 to 50 cents in the front months and later months up 5 to 77 cents. USDA’s National Average Base Hog negotiated price was down $0.24 from the day prior in the Thursday afternoon report at...
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