Commodity News
- Hogs Look to Wednesday Trade As Cutout Pulls Back
- Lean hog futures posted 55 cent to $1.10 weaker trade on Tuesday, with October up 17 cents. USDA’s national base hog price was down 33 cents in the Tuesday afternoon report, with negotiated trade at $111.55. The CME Lean Hog Index was back down 26 cents at $111.76 on June...
- Wheat Sliding Lower Early on Wednesday
- Wheat is showing slight weakness on Wednesday morning. The wheat market snuck out some gains on the Tuesday session, with contract higher across the three markets at the close. Chicago SRW wheat was up 8 to 11 cents on the day. Preliminary open interest was up 10,076 contracts on Tuesday....
- Corn Pushing Weakness to Wednesday AM Trade
- Corn price action is down 3 to 4 cents on Wednesday morning. Futures climbed out of their overnight hole on Tuesday, though contracts still closed with fractional to 3 ½ cent losses. Preliminary open interest was up 24,013 contracts on Tuesday, suggesting net new selling. There were 78 deliveries against...
- Can Cattle Bulls Bounce Back on Wednesday?
- Live cattle futures posted $2.30 to $3.12 losses at the close on Tuesday. Preliminary open interest was up 2,460 contracts. Cash action was mostly compiling showlists on Monday. Trade last week saw sales at $230-233 in the North and $223-225 in the South. The Tuesday morning Fed Cattle Exchange online...
- Cotton Popping Higher on Wednesday Morning
- Cotton prices are trading with 37 to 40 point gains on Wednesday morning. Futures saw steadier trade on Tuesday, with the front month and thin contracts unchanged and December down 10 points. Crude oil was up $0.45/barrel, with the US dollar index $0.193 lower. Weekly Crop Progress data showed 95%...
- Soybeans Pushing Higher on Wednesday Morning
- Soybeans are showing gains early on Wednesday morning. Futures came back to close with fractional gains across most front months on Tuesday, despite early weakness. Preliminary open interest was up 15,303 contracts on Tuesday. There were no deliveries issued overnight. The cmdtyView national average Cash Bean price was up 7...
