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Cattle Pull Back into the Weekend
Live cattle futures posted some weakness on Friday after a week of strength with contracts down 10 to 70 cents. There were 10 deliveries issued against October futures on Friday for the West Point, NE location. Cash sales were reported in the north at $187-188 this week, even to $1...
Cotton Falls on Stocks Hike
Cotton futures closed out Friday with contracts down 5 to 45 points, as USDA’s production cut didn’t go quite far enough to offset an export cut. The outside markets are mixed, with the crude oil down 35 cents /barrel and the US dollar index 53 points lower. NASS’s bi-monthly Cotton...
Wheat Closes with Weakness on Friday
The wheat complex posted lower trade across the three exchanges on Friday following USDA’s increase to the world stocks projection. Chicago SRW futures were down 4 ¼ to 5 cents on the day. December was up 9 ¼ cents over the week. KC HRW contracts were 4 ½ 6 ½...
Hogs See Gains into the Weekend
Lean hog futures settled the Friday session with contracts up 5 to 70 cents the day. October expires on Monday. The national average base hog price was reported at $74.34 on Friday afternoon. The CME Lean Hog Index was reported at $84.47 on October 9, steady with the day prior....
Soybeans Fall Into the Weekend
Soybeans closed out the Friday session with contracts down 9 to 12 cents across the board. November added to last week’s losses, down another 32 ¼ cents this week. CmdtyView’s national front month Cash Bean price was down 9 cents at $9.43. Soymeal futures were down $1 to $1.70/ton on...
Corn Closes Lower Following Yield Increase
Corn futures ended the Friday session with contracts down 1 ¼ to 3 ¾ cents across the board. December fell back 9 cents this week. The national average Cash Corn price from cmdtyView is down 2 1/2 cents at $3.83 per bu. USDA reported private sales of 577,928 MT of...
Soybean Falling Post-USDA Release
Soybeans are facing midday weakness on Friday despite a slightly lower US yield estimate from USDA. Contracts are down 6 to 7 cents so far on the session. CmdtyView’s national front month Cash Bean price is down 6 cents at $9.46. Soymeal is up 20 cents/ton so far on the...
Corn Pulling Back After Yield Increase
Corn futures are slipping lower so far on Friday following a yield hike by the USDA. Tighter, as expected, overall stocks are helping to ease the bull’s pain, with contracts down 1 to 3 cents at midday. The national average Cash Corn price from cmdtyView is down 1 1/2 cents...
Hogs Mostly Higher on Friday
Lean hog futures are trading with contracts up 50 to 75 cents at midday, with soon to expire October down a tick. The national average base hog price was not reported on Friday morning due to light volume, with the 5-day rolling average at $75.52. The CME Lean Hog Index...
Cotton Slipping Post USDA Release
Cotton futures are down 60 to 70 points so far on Friday, as USDA’s production cut didn’t go quite far enough for the bulls. The outside markets are mixed, with the crude oil down 53 cents /barrel and the US dollar index 133 points lower. NASS’s bi-monthly Cotton Ginnings report...
Cattle Pulling Back into the Weekend
Live cattle futures are showing some slight midday weakness on Friday after a week of strength. Contracts are down 30 to 60 cents. Friday morning’s Central Stockyards Fed Cattle Exchange online auction showed 733 head sold of the 2,636 head listed, with at $187-188. Outside of that, sales have been...
Wheat Weaker at Midday on Increased World Stocks
The wheat complex is posting lower trade across the three exchanges at midday following USDA’s increase to the world stocks projection. Chicago SRW futures are down 8 to 9 cents at midday. KC HRW contracts are trading with 9 to 10 cent losses so far on the session. MPLS spring...
Cattle Look to Round Out Week, as Cash Continues to Firm
Live cattle futures rounded out Thursday with contracts up 70 cents to $1.05. There have been 0 deliveries issued against October live cattle so far. Yesterday morning’s Central Stockyards Fed Cattle Exchange online auction showed no sales on the 2,636 head listed, with bids hitting $182-186.50. A few early sales...
Soybean Bulls Pushing Back on Friday AM Trade
Soybean prices are up 5 to 6 cents across the front months on Friday morning. They rounded out the Thursday session with contracts down 4 to 6 cents. CmdtyView’s national front month Cash Bean price is down 5 1/4 cents at $9.52. Soymeal was down $2.50 to $5.10/ton so far...
Wheat Continuing Climb to Kick Off Friday
Wheat futures are trading with gains across the three major markets on Friday AM. The complex posted higher trade across the three exchanges on Thursday. Chicago SRW futures were up 4 to 5 cents on the day. KC HRW contracts closed with 2 to 3 cent gains on the session....
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