Commodity News
- Soybeans Steady on Tuesday AM Trade
- Soybeans are trading with early Tuesday action close to unch, with contracts fractionally mixed. The soybean market saw slight gains on Monday, with contracts steady to 2 cents in the green at the close. Preliminary open interest suggested a rotation of ownership, up 1,332 contracts on Monday. The cmdtyView Cash...
- Cotton Slightly Lower to Start Tuesday
- Cotton price action is showing steady to 5 point losses in the front months early on Tuesday. Futures closed out the Monday session with contracts 65 to 75 points higher. Crude oil prices were up $0.21/barrel. The US dollar index was back down $0.726 to $100.220. NASS pegged the US...
- Cattle Traders Look to Tuesday Following Mostly Higher Monday
- Live cattle futures saw higher trade on Monday, with contracts rallying 75 cents to $1.20. Preliminary open interest was up 1,329 contracts, with August up 3,176 contracts. Cash action was quiet on Monday, with last week’s Southern sales $218-220 and $229 in the north. Feeder cattle futures were mixed on...
- Wheat Rallying on Tuesday Morning, as Wheat Ratings Slip
- Wheat futures are starting off the Tuesday session with contracts higher across the three exchanges. The wheat market closed out the Monday session with bulls gaining ground. Chicago SRW futures saw 4 cent gains in the nearbys. Kansas City HRW contracts were 6 to 7 cents in the green. Preliminary...
- Corn Gains Continue into Tuesday Morning
- The corn market is starting off Tuesday trade with contracts up 4 to 6 cents in the green, Corn futures saw gains on Monday, as bulls were rallying into the close, with post 4 to 7 cent gains. Preliminary open interest was up 6,103 contracts across the board on Monday,...
- Hogs Face Monday Weakness
- Lean hog futures posted Monday losses of 52 cents to $1.07 into the close. USDA’s national average base hog negotiated price was reported at $92.51 on Monday afternoon, back up $4.41 from the day prior. The CME Lean Hog Index was up another 24 cents on May 15, at $91.26....
