Newswire
Commentary
- Corn Bears Remian in the Driver’s Seat on Monday
- The corn market posted sharp losses of 8 to 12 cents across most contracts on Monday. The front month CmdtyView national average Cash Corn price was down 9 3/4 cents at $4.11 1/4. After a Friday rally, crude oil gave some of the gains back, down $1.54/barrel. After the Monday...
- Wheat Falls on Monday, Though Harvest Remains Slow
- Wheat futures were lower on Monday, with contracts falling across the three markets. Chicago SRW futures were down 7 to 8 cents across most front months. Kansas City HRW contracts were 4 to 5 cents lower on the session. Minneapolis spring wheat futures ere 9 to 12 cents in the...
- Soybeans Close Mostly Higher as Bean Oil Settles Up the Expanded Limit
- Soybean futures held on to the gains late in the day, as contracts were steady to 5 cents higher at the close. The cmdtyView Cash Bean price was 1/4 cents lower to $10.20 1/4. Soymeal futures fell $7.90 to $8.10/ton, as the EPA announcement is not friendly for the other...
- Hog Rally Continues on Monday
- Lean hog futures saw gains of $1.97 to $2.55 on Monday after gapping higher at the open. USDA’s national average base hog negotiated price was reported at $106.12 on Monday afternoon, up $1.17 from the day prior. The CME Lean Hog Index was up $1.06 on June 12, at $102.81....
- Cotton Pushes Higher into the Close
- Cotton futures were up 8 to 33 points higher. Crude oil was back down $1.54/barrel, as futures are giving some risk premium back as Iran there was light talk of negotiations. The US dollar index was back down $0.396 to $97.780. The weekly Crop Progress report indicated that the US...
- Cattle Bulls Push Back
- Live cattle futures posted gains of $1.925 to $3.10 on Monday, taking back some of Friday’s weakness. Cash trade has yet to get kicked off this week. It was reported at $235 in TX and $233-238 KS last week, with northern trade at $380 dressed and $240-242 live trade in...
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