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Soybeans Fall Lower on Monday
Soybeans posted Monday losses of 5 to 7 cents across most contracts. CmdtyView’s national front month Cash Bean price was down 6 cents at $9.79 1/2. Soymeal futures were down $2.70/ton, as Soy Oil futures were back down 7 to 9 points. The US soybean crop was listed at 8%...
Cotton Closes with Weakness on Monday
Cotton futures bounced off the midday lows, but still closed with 14 to 55 points on Monday. Crude oil futures were back down $1.30/barrel, with the US dollar index collapsing $0.999 to $98.044. NASS pegged the US cotton crop at 11% planted as of 4/20, now inline with the 5-year...
Corn Slips into Monday’s Close
The corn market failed to hold the early session strength on Monday, with contracts ending the session with fractional losses in the front months. The front month CmdtyView national average Cash Corn price was unch at $4.55 1/2. Crop Progress data from this afternoon showed the US corn crop at...
Wheat Falls on Monday, with NASS Ratings Slipping
The wheat market posted Monday losses across the three exchanges. Chicago SRW futures were down 10 to 11 cents in the front months at the close. Kansas City HRW contracts were 6 to 7 cents lower on Monday. MPLS spring wheat was down 5 to 7 cents across the front...
Cattle Falls Out of the Long Weekend
Live cattle futures came out of the weekend with stronger traders early but slipping to close with 5 to 35 cent losses. Cash trade from last week was reported at $208-210 in the South and $212-214 in the North. Feeder cattle futures posted losses of $1.25 to $1.75. The CME...
Hogs Hold Higher on Monday
Lean hog futures saw gains of a tick to 65 cents in the front months on Monday. USDA’s national average base hog negotiated price was reported at $83.59 on Monday afternoon, up 24 cents from the previous day. The CME Lean Hog Index was back up 25 cents from the...
Soybeans Falling from Early Monday Strength
Soybeans are showing midday losses on Monday, with contracts down 3 to 5 cents so far. CmdtyView’s national front month Cash Bean price was down 2 cents at $9.85 3/4. Soymeal futures are down $2.60/ton, as Soy Oil futures are back down a couple points. Weekly Export Inspections data tallied...
Cotton Flipping Back to Weakness at Midday
Cotton futures are trading with 64 to 77 cent losses so far on Monday. Crude oil futures are back down $1.73/barrel, with the US dollar index collapsing $0.949 to $98.180. CFTC Commitment of Traders data showed spec funds adding back 13,273 contracts to their net short position as of April...
Hogs Mixed on Monday
Lean hog futures are trading with 55 cent gains in the thinly traded May contract and 7 to 15 cent losses in other contracts. USDA’s national average base hog negotiated price was reported at $84.42 on Monday morning, up $2.91 from the previous day. The CME Lean Hog Index was...
Cattle Slipping Lower on Monday
Live cattle futures are falling back on Monday, with contracts 5 to 15 cents in the red. Cash trade from last week was reported at $208-210 in the South and $212-214 in the North. That was up $4-6 on the week. Feeder cattle are falling back $1.30 to $1.50 so...
Corn Mixed at Midday
The corn market is holding steady on Monday, with front months up 1 to 1 ½ cents and new crop corn slipping back, down ¼ cent. The front month CmdtyView national average Cash Corn price is up 1 ¼ cents at $4.56 1/2. Export Inspections data showed a total of...
Wheat Back to Monday Midday Losses
The wheat market is trading with midday losses on Monday. Chicago SRW futures are down 8 to 9 cents so far at midday. Kansas City HRW is trading with 6 to 7 cent losses on Monday. MPLS spring wheat is down 6 to 8 cents across the front months. The...
Cotton Kicking Off the Week with Gains
Cotton price action is up 4 to 25 points so far. Futures posted gains of 53 to 76 points on Thursday to round out the week with May up 43 points last week. Crude oil futures were up $2.10/barrel on the day, with the US dollar index back up $0.037...
Corn Trading with Monday Morning Gains
The corn market is coming out of a 3-week weekend with contracts up 1 to 4 cents on Monday morning. Futures failed to hold the slight midday gains into the close on Thursday, with losses of fractionally to 2 cents. May was back down 8 cents last week, as December...
Wheat Trading Higher Out of 3-Day Weekend
Wheat is trading with gains across the three exchanges early on Monday. The markets closed the Thursday session on the mixed side, pulling back from early gains. Chicago SRW futures saw 1 to 2 cent gains to closed out Thursday, as May was down 7 cents last week. Kansas City...
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