Commentary
- Cotton Futures at New Lows for the Move
- Cotton is trading with triple digit losses into the AM session setting the market at new lows for the new. Front month cotton futures had rallied back towards yesterday’s highs overnight but turned southbound for the day session. At the Thursday close prices were 29 to 70 points in the...
- Hogs at $3 Losses into Friday
- Hog futures were initially lower on Thursday, but ended the day mixed. May and June contracts were 10 and 2 cents higher at the bell respectively, while the other nearbys went home 2 to 50 cents lower. April saw a $1.33 range on the day. Week-to-date, the May contract is...
- Cattle Traders to Utilize Cold Storage Data
- The feeder cattle market ended mixed but mostly higher with Thursday gains of 62 to 77 cents for March and April. The August contract was also up, but by just 5 cents, while May closed 17 cents in the red. Fat cattle on the other hand saw a relatively firm...
- Wheat Markets Rally into Friday
- The wheat futures market is up by double digits so far for Friday. Nearby May and July CBT contracts stayed in the red for the bell with a 1 1/2 and 3/4 cent loss respectively. KC HRW futures closed the day off the highs, but still up by 5 to...
- Beans Start Friday Red
- After beans tried to bounce initially overnight, seeing a 4c gain, the market quickly flipped back to red. Futures are 4 to 10 1/4 cents lower into the day session. Beans tried for a bounce on Thursday after overnight action had the board in the black by as much as...
- Corn Markets in Black thus far
- Current corn futures prices are fractionally to 4 3/4 cents higher for the Friday session. Corn prices ended Thursday with a penny to 2 1/4 cent losses. Ultimately May printed a wide 16 3/4 cent range on the day and went home 1 3/4 cents in the red. Preliminary open...
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