Soybeans See a Slight Bounce on Monday
Soybeans saw a slight recovery on Monday with contracts up fractionally to 2 ½ cents at the close. November soybeans are averaging $10.18 at the close in the nine sessions through October. The cmdtyView national average Cash Bean price was 1 3/4 cents higher at $9.33 3/4. Soymeal futures were...
Corn Closes Monday with Losses
The corn market rounded out the Monday session with contracts posting fractional to 2 ¼ cent losses. The CmdtyView national average Cash Corn price was 2 ¼ cents lower at $3.69 1/2. December has averaged a $4.18 close since the first of October. Amid the government shutdown, Monday is Columbus...
Cattle Strength Continues on Monday
Live cattle futures saw another round of strength on Monday, with gains of 35 cents to $2.22. There were no deliveries issued for October live cattle on Monday, with the oldest long dated August 7. Cash cattle trade last week closed in on $234-235 for much of the country, $2...
Cotton Close Monday with Losses
Cotton futures were 16 to 35 points lower across most contracts on Monday, as pressure continues to show up. The US dollar index was back up $0.273 on the session to $99.005, with crude oil $0.63/barrel higher. On Friday, President Trump announced a new 100% tariff on Chinese goods starting...
Wheat End Monday with Losses
The wheat complex was mostly lower on Monday, with some back months seeing strength at the close. CBT soft red wheat futures saw front months with fractional to 2 cent losses, as some deferreds were ¼ cent higher. KC HRW futures posted 1 ¾ to 2 ¾ cent losses in...
Hogs Close with Gains On Monday
Lean hog futures were mixed on Monday, with the front months leading the charge higher, up 7 to 82 cents. USDA’s national base hog price from Monday afternoon was reported at $92.29, down $4.11 from the day prior. The CME Lean Hog Index was down another 65 cents on October...
Cotton Back to Mixed Monday Action
Cotton futures are showing some mixed trade on Monday, with December up a tick and other contracts down a dime. December was down 146 points last week. The US dollar index is back up $0.233 on the session to $98.965, with crude oil $0.76/barrel higher. On Friday, President Trump announced...
Hogs Bouncing Higher on Monday
Lean hog futures are showing some recovery higher on Monday, with gains to 30 cents to $1. USDA’s national base hog price from Monday morning was not reported due to light volume, with a 50-day rolling average at $97.31. The CME Lean Hog Index was down another 65 cents on...
Soybeans Trying to Hold onto Gains at Midday
Soybeans are trading with midday action of down ¼ cent for November and other contracts 1 to 2 cents higher. The cmdtyView national average Cash Bean price is 1/4 cent higher at $9.31 1/4. Soymeal futures are down $1.20/ton, with Soy Oil up 65 points in the day, as crude...
Corn Fading Lower at Midday
Corn futures are down 1 to 2 ½ cents at midday, with most contracts feeling pressure continue to start the week. The CmdtyView national average Cash Corn price is 2 ½ cents lower at $3.68 1/4. Amid the government shutdown, Monday is Columbus Day, a federal holiday. Thus, the Export...
Cattle Rally Continuing to Start New Week
Live cattle futures are $1.70 to $2.22 higher at the midday portion of trade on Monday. Cash cattle trade last week closed in on $234-235 for much of the country, $2 higher in the South and up $4-5 in the North. Feeder cattle futures are up $1 to $2.15 so...
Wheat Mixed at Monday’s Midday
The wheat complex is showing mostly steady trade at midday, with the three exchanges within a penny of unchanged. CBT soft red wheat futures are fractionally lower on Monday. KC HRW futures is starting the week with contracts down as much as a penny at midday. MPLS spring wheat futures...
Corn Steady on Monday Morning Trade
Corn is trading with fractionally mixed trade so far on Monday. The corn market was under pressure in sympathy with the beans and other some outside pressure on Friday. Contracts closed down 4 to 5 ¼ cents, with December 6 cents lower last week. Friday’s preliminary open interest was up...
Hogs Look to Monday Trade After Weakness Last Week
Lean hog futures were weaker on Friday contracts steady to 40 cents in the red at the close, October was down $1.975 last week. Preliminary open interest saw some continued long liquidation, down 2,687 contracts. USDA’s national base hog price from Friday afternoon was up 7 cents from the day...
Cattle Look to New Week After New Hitting New Highs
Live cattle futures shrugged off the early session weakness, as futures posted strength on cash strength to close $2 to $3.45 higher. October rallied back $7.45 last week. Preliminary open interest was down 2,774 contracts on Friday. There were no deliveries again for October live cattle again on Friday, with...