Commentary
- Wheat Pressure Continuing at Midday
- The wheat complex is continuing their slide this week, the three markets heading lower at midday. Chicago SRW futures are down 10 to 11 so far on Wednesday. KC HRW contracts are trading with 5 to 8 cent losses on the day. MPLS spring wheat is 6 to 7 cents...
- Cattle Posting Mixed Action on Midweek Trade
- Live cattle futures are trading with firm to 50 cent higher trade on Wednesday. This morning’s Fed Cattle Exchange online auction from Central Stockyards showed no sales on 2,510 head listed, with bids of $184-188. Feeder cattle futures are mixed, with November down 12 cents and other contracts up 55...
- Soybeans Weaker at Midday as Product Pressure Persists
- Soybeans are trading with contracts down fractionally to 2 cents. They were felling pressure from the products on Tuesday, as contracts were down 8 ¼ to 13 ¾ cents. CmdtyView’s national front month Cash Bean price is down 3 cents at $9.55. Soymeal futures are down $1.80/ton. Soy Oil futures...
- Cotton Feeling Weaker on Wednesday
- Cottonfutures are weaker again on Wednesday, with losses of 18 to 35 points. The outside markets are mixed today, as the US dollar index continues to rally, up anther 400 points, with crude oil futures 58 cents higher. The weekly Crop Progress report from NASS showed cotton harvest at 71%...
- Corn Losses Limited Despite Spillover from Wheat
- The corn bulls are trying to hold up the market at midday, with spillover pressure from wheat playing a role. Corn is down 1 to 3 cents at midday, with help from a couple large export bookings. The national average Cash Corn price from cmdtyView is down 1 1/4 cents...
- Hogs Mixed at Midday
- Lean Hog futures are trading with mixed action on Wednesday, as contracts are down 52 cents in the Dec contract to slightly higher in the other nearbys. The national average base hog negotiated price was reported at $87.99 on Wednesday morning. The CME Lean Hog Index was reported at $89.88...
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