Commentary
- Cattle Rally Continues to Friday Midday
- Live cattle are trading with gains of $1.07 to $1.87 across most front months on Friday. Cash action has been quiet this week, with USDA reporting a few in the WCB at $186-190 on Thursday. Bids of $187 are being reported in the North this morning, with Southern bids in...
- Cotton Slipping Back Lower on Friday
- The cotton market is back to heading lower into the weekend, as midday losses are 10 to 39 points in the nearby contracts. The outside market factors are a mixed bag, with crude oil up another 31 cents and the US dollar index just 20 points higher. USDA’s Export Sales...
- Corn Round Out the Week with Midday Friday Weakness
- Corn is posting losses of 1 to 5 ½ cent across most contracts on Friday, closing out the week with weakness. Weather through the weekend shows much of the WCB drier, with portions of the ECB shifting drier. The entire Corn Belt looks wetter getting into next week. USDA's Export...
- Soybeans Rallying on Friday
- Soybeans are trading with midday gains to round out the week. Contracts are up 2 to 9 ½ cents across most contract on Friday. Soymeal futures are mixed, with front months up 40 cents/ton. Soy Oil is posting gains of 77 to 83 points at midday. Weekly Export Sales data...
- Wheat Continues Pattern of Fading Overnight Gains for Midday Weakness
- The wheat complex is posting midday weakness again on Friday. Chicago contracts are down 7 to 12 cents across most contracts. Kansas City futures are trading with losses of 8 to 13 cents in most months. MPLS spring wheat is down 8 to 9 ¾ cents. The final day of...
- Hogs Falling into Weekend
- Lean hogs are slipping lower in the to weekend, with contracts down 25 cents to $2, led by the nearbys. USDA’s National Average Base Hog negotiated price was back down 58 cents on Friday morning at 88.78. The CME Lean Hog Index was up another 37 cents on May 15...
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