Soybeans Fall on Monday, as Condition Hold Steady
Soybeans were down 9 to 15 cents across most contracts on Monday, as the bean oil market faced crude oil pressure. The cmdtyView national average Cash Bean price was down 9 1/4 cents at $10.11 1/2. Soymeal futures were $1.50 to $1.80/ton lower. Soy Oil is trading with midday losses...
Hogs Post Gains on Monday, as Specs Build Net Long
Lean hog futures posted 60 to 85 cent gains on Monday. USDA’s national base hog price was reported at $109.35 on Monday afternoon, down $1.11 from the previous day. The CME Lean Hog Index was up $1.19 at $108.78 on June 19. The weekly CFTC Commitment of Traders report was...
Corn Pressure Lower on Monday, Conditions Drop After the Close
Corn futures ended the Monday session with contracts down 7 to 9 ½ cents. The front month CmdtyView national average Cash Corn price was down8 3/4 cents at $3.96 1/4. Crude oil was down $6.70 at the close, as the market is failed much upside follow through reaction following the...
Cattle Close with Weakness on Monday, as Feeders Hold Stronger
Live Cattle futures closed the Monday session with contracts clipping back another 25 to 72 cents. Cash trade pulled back last week with $236 ($376 dressed) reported in the north, down $4-6 and $228-231 in the south, $5 lower. Feeder cattle futures closed with slight 35 to 50 cent gains...
Cotton Posts Mixed Action, with Outside Noise
Cotton futures closed the Monday session mixed, with the nearby contracts down 8 to 17 points and December rallying up 71 points. Crude oil was down $6.70 at the close, as the market is failed much upside follow through reaction following the US strikes on Iran nuclear facilities over the...
Wheat Falls Double Digits, but Harvest Remains Slow and Conditions Slip
Wheat failed to see much buying late in the Monday session, as contracts fell by double digits across the three markets. CBT wheat was down 14 to 15 cents. KC HRW contracts were 13 to 14 cents in the red. MPLS spring wheat was down 11 to 13 cents. This...
Cattle Mixed on Monday
Live Cattle futures are trading with losses of 70 cents to $1.05. Cash trade has pulled back last week with $236 ($376 dressed) reported in the north, down $4-6 and $228-231 in the south, $5 lower. Feeder cattle futures are up 20 to 50 cents so far on Monday. The...
Wheat Facing Double Digit Weakness
Wheat is falling out of the weekend, with contracts down double digits on Monday. CBT wheat is down 13 to 15 cents at midday. KC HRW contracts are 12 to 13 cents in the red. MPLS spring wheat is down 13 to 15 cents. This morning’s Export Inspections report showed...
Hogs Mostly Higher at Midday
Lean hog futures are trading with 32 to 65 cent gains on Monday. USDA’s national base hog price was not reported on Monday morning due to light volume. The CME Lean Hog Index was up $1.19 at $108.78 on June 19. USDA’s FOB plant pork cutout value from Friday afternoon...
Cotton Mixed on Monday
Cotton futures are down 7 to 15 points so far on Monday in the nearbys, with new crop up 54 points. Crude oil down $2.75, as the market is failing to see reaction following the US strikes on Iran nuclear facilities over the weekend. The Cotlook A Index was unchanged...
Soybeans Falling on Monday
Soybeans are posting losses of double digits of 10 to 15 ccents on Monday, as the bean oil market is facing crude oil pressure. The cmdtyView national average Cash Bean price is down 10 1/4 cents at $10.10 3/4. Soymeal futures are $2/ton lower. Soy Oil is trading with midday...
Corn Facing Pressure on Monday
Corn is trading with 7 to 10 cent losses across most contracts on Monday. The front month CmdtyView national average Cash Corn price is down 9 cents today at $3.96. Crude oil down $2.75, as the market is failing to see reaction following the US strikes on Iran nuclear facilities...
Soybean Slipping to Start Monday
Soybeans are down 3 to 5 cents so far on Monday morning. The market settled 5 ¼ to 7 ½ lower on Friday, after hitting the highest front month prices since mid-May early in the session. The cmdtyView national average Cash Bean price is down 5 3/4 cents at $10.20...
Hogs Look to New Week After Hitting New Life of Contract Highs
Lean hog futures closed out Friday with gains of 35 to 87 cents. July posted a new life of contract high at $113.02. USDA’s daily direct hog report showed the national base hog price at $110.46, down $2.66 from the day prior. The ECB numbers were not reported due to...
Corn Falling Out of the Weekend
Corn prices in Chicago are down another 4 to 6 cents so far on Monday morning. Futures settled 2 ¼ to 4 ¾ lower on Friday, with old crop July the weakest as the July options expired and a July 430 pin was unsuccessful. The front month CmdtyView national average...