Cattle Bulls Not Fooled on April 1
Live cattle futures closed out Tuesday with contracts up $1.32 to $2.30. Cash action has been mostly compiling showlists on early this week. Feeder cattle futures were pushing higher into the close up $1.82 to $2.90. The CME Feeder Cattle Index was back down 48 cents on March 31, with...
Wheat Hold Higher at Tuesday’s Close
Wheat held gains into Tuesday’s close, as contracts were following up the Monday strength on the acreage cut. Chicago SRW futures were 3 to 4 cents higher on the day. Kansas City HRW contracts were 6 to 9 cents in the green at the close. MPLS spring wheat was up...
Cotton Rally Higher on Tuesday
Cotton futures posted 89 to 142 point gains across most nearby contracts on Tuesday. Futures shrugged off negative outside factors. Crude oil futures were back down 34 cents/barrel, as the US dollar index was $0.032 higher on the day. The monthly NASS Cotton Systems report showed 257 RB of extra...
Corn Rallies on April Fool’s Day
Corn futures started off April with contracts 4 to 8 cents higher across most contracts. New crop contracts led the way, as rains in the forecast may limit any early planting. The CmdtyView national average Cash Corn price was up 7 ¾ cents on the day at $4.31 1/4. Monthly...
Soybeans Post Double-Digit Gains on Bean Oil Strength
The soybean market rallied hard on Tuesday, following the bean oil gains. Contracts were up 19 to 22 cents at the close. CmdtyView’s national front month Cash Bean price was down 21 3/4 cents at $9.79. Soymeal futures were mixed, with contracts up a dime to down 70 cents/ton. with...
Hogs Post Gains on Tuesday
Lean hog futures posted $1.07 to $1.75 against on Tuesday with April down 35 cents. The USDA national average base hog negotiated price was down 23 cents from the day prior at $88.26 in the Tuesday PM report. The CME Lean Hog Index was down another 28 cents from the...
Cotton Rallying on Tuesday
Cotton futures are rallying on Tuesday with contracts up 80 to 128 points at midday. Crude oil futures are back down 21 cents/barrel, as the US dollar index is $0.053 lower on the day. The Seam showed 1,533 bales in online sales on 3/31 at an average price of 63.47...
Hogs Higher at Tuesday’s Midday
Lean hog futures are up 27 cents in the front month April contract, with the rest of the front months up $1.45 to $2.40. The USDA national average base hog negotiated price was down 37 cents from the day prior at $88.08 in the Tuesday AM report. The CME Lean...
Cattle Rallying Higher on Tuesday
Live cattle futures are posting $1.30 to $2.15 higher trade at midday on Tuesday. Cash action was mostly compiling showlists on Monday, with last week’s action settling in steady from the previous week at $209-210 in the South and $213-214 in the North. Dressed trade was $335-345 in the North....
Wheat Holding Strength on Tuesday
Wheat is posting higher trade at Tuesday’s midday. Chicago SRW futures are firm to 2 1/4 cents higher so far on the day. Kansas City HRW contracts are 3 to 5 cents in the green. MPLS spring wheat is up 2 to 4 cents in the nearby contracts. Precip is...
Corn Posting Higher Trade on Tuesday
Corn futures are posting 4 to 6 cent gains across the front months at Tuesday’s midday, extending the gains from Monday. The CmdtyView national average Cash Corn price is up 6 ¾ cents on the day at $4.30 1/2. Monthly Grain Crushing data will be released later today, with the...
Soybean Rally Led by Bean Oil
The soybean market is posting 15 to 17 cent gains across the front months at midday. CmdtyView’s national front month Cash Bean price was down 17 1/2 cents at $9.74 3/4. Soymeal futures are down $1.00/ton at midday, with Soy Oil futures are up 223 points so far on the...
Soybean Bulls Pushing Back on Tuesday Morning
The soybean market is trading with 3 to 5 cent gains early on Tuesday. Soybeans were under pressure following USDA’s reports this morning, with contracts closing 4 ¾ to 9 ¾ cents in the red. Preliminary open interest was down 10,656 contracts in the May contract and up 15,278 contracts...
Hogs Mixed on Monday’s Close
Lean hog futures posted mixed trade on Monday, with contracts mostly 7 to 77 cents lower and April up $1.025. The USDA national average base hog negotiated price was up 19 cents at $88.49 in the Monday PM report. The CME Lean Hog Index was down 35 cents from the...
Corn Posting Gains Early on Tuesday
Corn futures are trading with Tuesday morning strength of 3 to 6 cents so far. The corn market closed the Monday session with front months up 3 ¼ to 4 cents. Larger than expected acres weighed on new crop, with contracts steady to ¾ cent lower. Preliminary open interest was...