The cotton market is trading higher to round out the week, with gains of 13 to 63 points this morning. Futures posted 7 to 113 point losses on Thursday. The death spiral liquidation continues for May, down 146 points, as longs get out before deliveries, with rest of the contracts...
Soybeans are trading 3 to 4 cents higher following overnight trade. They pushed lower into Thursday’s close, as contracts settled with losses of 6 ¾ to 15 ¼ cents on the day, led by the nearbys. Soymeal was down 70 cents to $3.0 at the closing bell. Soy Oil was...
Lean hogs posted mostly weaker action on Thursday, as contracts were down anywhere from a tick to 42 cents with the exception to July, up a nickel. USDA’s National Average Base Hog negotiated price was up 65 cents at $89.78 in the Thursday afternoon report. The CME Lean Hog Index...
The wheat markets are trading higher this morning with Chicago and MPLS putting in a joint effort to lead the way, up 5 to 7 cents. KC is steady to 2 cents higher. They put together some buyers on Thursday, as contracts were mostly higher. Chicago was the weakest, with...
Live cattle posted some strength on Thursday, with contracts up anywhere from a nickel to $1.05. Cash action has been quiet so far this week. There have still been no deliveries against April futures. The Central Stockyards Fed Cattle Exchange saw no sales on the 1,376 head listed this morning,...
Overnight action in the corn market has prices up 3 to 4 cents this morning. Corn was lower on Thursday, with losses of 3 1/2 to 4 ¾ cents at the close. May was 3 ½ cents in the red and back below $4.30, with December settling at $4.60, down...
The cotton market posted 7 to 113 point losses on Thursday. The death spiral liquidation continues for May, down 146 points, as longs get out before deliveries, with rest of the contracts following along. The US dollar index was up 226 points on the day, with crude oil back up...
Soybeans pushed lower into Thursday’s close, as contracts settled with losses of 6 ¾ to 15 ¼ cents on the day, led by the nearbys. Soymeal was down 70 cents to $3.0 at the closing bell. Soy Oil was down another 22 to 90 points on the day. Export Sales...
Live cattle posted some strength on Thursday, with contracts up anywhere from a nickel to $1.05. Cash action has been quiet so far this week. There have still been no deliveries against April futures. The Central Stockyards Fed Cattle Exchange saw no sales on the 1,376 head listed this morning,...
The wheat markets put together some strength on Thursday, as contracts were mostly higher. Chicago was the weakest, with nearby May closing down ¼, but other contracts up ¾ to 2 ¼ cents. Kansas City was up 1 ½ to 6 ¼ cents at the close. Minneapolis spring wheat futures...
Lean hogs posted mostly weaker action on Thursday, as contracts were down anywhere from a tick to 42 cents with the exception to July, up a nickel. USDA’s National Average Base Hog negotiated price was up 65 cents at $89.78 in the Thursday afternoon report. The CME Lean Hog Index...
Thursday trading in the corn market saw weakness creep in, with losses of 3 1/2 to 4 ¾ cents at the close. May was 3 ½ cents in the red and back below $4.30, with December settling at $4.60, down 4 ¾. USDA’s Export Sales report showed a 54% uptick...
Live cattle futures are mixed at midday, with the front months down 12 to 25 cents and other contracts 7 to 62 cents higher. Cash action has been quiet so far this week. The Central Stockyards Fed Cattle Exchange saw no sales on the 1,376 head listed this morning, with...
Hogs are trading 40 cents to $1 lower across most contracts on Thursday’s session. USDA’s National Average Base Hog negotiated price was $2.04 at $90.49 in the Thursday morning report. The CME Lean Hog Index was another 38 cents higher at $91.36 on April 16. Pork export sales during the...
The cotton market is down 59 to 168 points across most contracts on Thursday. The death spiral liquidation continues for May, as longs get out before deliveries, with rest of the contracts following along. The US dollar index is up 141 points at midday, with crude oil back up 141...