Ag Market Commentary
- Wheat Posting Midday Losses
- The wheat complex is showing weakness at Tuesday’s midday. KC HRW futures are down 8 to 9 cents in the front months. CBT soft red wheat futures are 9 to 10 cents lower in the nearbys. MPLS spring wheat is the firmest, down just fractionally at midday. USDA trimmed the...
- Cotton Rallying as USDA Slashes Acreage
- Cotton futures are showing 98 to 138 point gains so far on Tuesday, as bulls are finding some steam with the help from a USDA acreage cut. The US dollar index is back down $0.511 to $97.850, as crude oil futures are down 76 cents. USDA showed a total of...
- Corn Falling a Midday as USDA Throws Fuel on the Bear’s Fire
- Corn futures are trading with Tuesday losses of 11 to 12 cents across the front months at midday, following more than 1 billion bushels added to the balance sheet bet the USDA. The CmdtyView national average Cash Corn price was down 12 cents at $3.56 1/2. USDA reported a private...
- Soybeans Resuming Rally as USDA Cuts Acreage
- Soybeans are trading with futures up 15 to 16 cents at Tuesday’s midday. The cmdtyView national average Cash Bean price is up 15 cents at $9.67 1/2. Soymeal futures are $1/ton higher. Soy Oil futures are 39 lower. There were another 128 August soybean meal deliveries overnight, with 87 issued...
- Cattle Bulls Taking Back Some Ground, as Beef Shoots Higher
- Live cattle futures are posting midday gains of $2.77 to $3.37 so far. Cash trade has yet to get kicked off this week, as last week was light with $245 northern action reported and $235 in the South. Feeder cattle futures are posting strength on Tuesday, up $4.27 to $5.02...
- Hogs Showing Steady Trade on Tuesday
- Lean hog futures are steady so far on Tuesday, with contracts up a tick to 50 cents lower in the front months. USDA’s national base hog price was reported at $106.35 on Tuesday morning, down $2.42. The CME Lean Hog Index was down 23 cents at $110.02 on August 8....
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