Ag Market Commentary
- Cotton Falls Lower on Tuesday
- Cotton futures were down 52 to 61 points on the Tuesday session. The outside markets were mixed factors, as the US dollar index is back down $0.183 on the day to $98.135, with crude oil futures $1.49 lower. On Monday afternoon. NASS reported the US cotton crop at 71% setting...
- Soybeans Claw Back to Close with Gains
- Soybean futures closed the Tuesday session with some slight turnaround action, as contracts were up 1 to 3 ¼ cents. The cmdtyView national average Cash Bean price was up 1 ¼ cents at $9.77 1/4. Soymeal futures posted gains of $1.50 to $3.30 on Tuesday. Soy Oil futures were down...
- Wheat Closes Mixed as Chicago Firms Up
- The wheat complex posted some mixed trade across the three exchanges, as the Chicago market was the strongest of the three. CBT soft red wheat futures were up 2 to 3 cents on the day. KC HRW futures closed the session with losses of 3 to 4 cents. MPLS spring...
- Cattle Bulls Resume March to New Highs on Tuesday
- Live cattle futures posted gains of $1.30 to $2.30 across the front months on Tuesday, hitting new all-time highs on the front month continuation chart. Cash trade was quiet on Monday, mostly compiling showlists. Last week saw northern dressed action at $385-392 and live trade at $245, with southern trade...
- Corn Eases Lower on Tuesday
- Corn futures fell back on Tuesday with contracts down 1 to 3 ¼ cents across most nearbys. The CmdtyView national average Cash Corn price was down 2 cents at $3.69 3/4. USDA’s Crop Progress report showed condition ratings steady at 71% good/excellent, as the Brugler500 index was down 1 point...
- Hogs Posts Gains on Tuesday, as Negotiated Cash Sees Strength
- Lean hog futures saw a rally of 62 cents to $2.02 across the front months on Tuesday. USDA’s national base hog price was reported at $108.40 in the Tuesday PM report, up $2.73 from the day prior. The CME Lean Hog Index was down 54 cents on August 22 at...
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