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Commentary
- Cotton Showing Midday Gains
- Cotton futures are trading with 8 to 17 point gains so far on Thursday’s midday. The outside markets are mixed factors, with the US dollar index up 40 points and crude oil 13 cents/barrel higher. Export Sales data from this morning showed a total of 152,989 RB sold in the...
- Hogs Sneaking Higher at Midday
- Lean hog futures are trading with 5 to 22 cent gains at Thursday’s midday. The national average base hog negotiated price was reported at $80.78 on Thursday morning, which was down $3.35 from the day prior. The CME Lean Hog Index was reported at $83.61 on December 10, up 28...
- Cattle Slipping Back After Early Gains
- Live cattle futures are reverting lower at midday, with contracts down 10 to 20 cents and nearby Dec up 22 cents on cash strength. Early cash action has seen $191 trade reported in KS this week, some $193 sales in NE reported on Wednesday and bids of $195 in the...
- Wheat Slipping After Slow Export Sales
- The wheat complex is trading with weakness across the three markets at midday. Chicago SRW futures are 6 1/2 cents lower in the March contract. There were another 5 deliveries issued against December CBT wheat overnight. KC HRW contracts are down 6 ½ to cents on the day. MPLS spring...
- Soybeans Pulling Back at Midday
- The soybean market is showing 4 to 6 cent losses in the front months on Thursday. CmdtyView’s national front month Cash Bean price is down 5 1/2 cents at $9.41 3/4. Soymeal futures are down $2.70/ton on the day. There were another 278 deliveries issued against December soybean meal overnight,...
- Corn Heading Lower After Weak Export Sales Data
- The corn market is facing 4 to 6 cent losses across the nearbys to Thursday’s midday. There were 172 deliveries issued against December corn futures overnight, all by a Marex customer. The national average Cash Corn price from cmdtyView was down 5 cents at $4.15. The weekly Export Sales report...