Commentary
- Corn Close with Gains on Tuesday
- Corn futures posted Tuesday gains of 1 to 2 ¼ cents on the session. The CmdtyView national average Cash Corn price was up 1 ¾ cents at $3.70 1/4. USDA tallied corn export shipments at 1.129 MMT (44.47 mbu) during the week ending on October 9. That was 119.74% above...
- Soybeans Bounce into the Tuesday Close, Hold onto Losses
- Soybeans held the losses on Tuesday, with contracts closing steady to 1 ¼ cents higher and off the early lows. The cmdtyView national average Cash Bean price was 1 1/4 cents lower at $9.32 1/2. Soymeal futures were mixed, with contracts up 50 cents to 80 cents lower, with Soy...
- Cattle Bulls Maintain Momentum on Tuesday
- Live cattle futures saw gains of $1.25 to $1.75 across the front months on Tuesday. There were 10 deliveries tendered for Amarillo on Tuesday. Cash trade has yet to get kicked off this week, with last week centering in at $234-235. Feeder cattle futures were up another $4.30 to $4.70...
- Hog Retreat Continues on Tuesday
- Lean hog futures saw mostly lower action on Tuesday, down $1.50 to $1.70. October futures expired today, up a nickel. USDA’s national base hog price from Tuesday afternoon was reported at $93.05, up 76 cents from the day prior. The CME Lean Hog Index was down another 86 cents on...
- Wheat Bounces Higher on Tuesday
- The wheat complex was strength on Tuesday across the three markets. CBT soft red wheat futures saw contracts 3 to 4 cents higher at the close. KC HRW futures held the strength on Tuesday, as contracts closed with 6 to 7 ¼ cent gains. MPLS spring wheat futures were up...
- Cotton Holds onto Losses on Tuesday
- Cotton futures posted losses of 8 to 25 points across most contracts on Tuesday. The US dollar index was back down $0.215 on Tuesday to $98.815, with crude oil $0.85/barrel lower. Monday’s online auction from The Seam showed 628 bales sold with an average price of 60.94 cents/lb. The Cotlook...
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