Commentary
- Soybeans Bulls Show Some Strength on Thursday
- Beans settled the Thursday session with losses of 3 ½ to 10 cents across the board, as sales continue to improve and a cut to the Canadian canola crop are giving the bulls a spike. CmdtyView’s national front month Cash Bean price is back up 10 cents at $9.45 3/4....
- Corn Gets a Thursday Pop With Sales Exceeding Expectations
- The corn market closed out the Thursday session with 3 ¾ to 5 cent gains, as Export Sales data was better than expected. The national average Cash Corn price from cmdtyView was up 5 cents at $4.07 1/2. This morning’s Export Sales report showed 1.732 MMT in corn sales, a...
- Wheat Rallies on Thursday
- The wheat complex closed with gains across the three exchanges on Thursday. Chicago SRW futures were up 7 to 10 cents on the session. KC HRW contracts posted 8 ¼ to 10 ¼ cent gains on the day. MPLS spring wheat was up 6 to 9 cents to close the...
- Hogs Close Mixed on Thursday
- Lean hog futures closed out the Thursday session on a mixed note, with December down 7 cents and other contracts steady to 22 cents higher. The national average base hog negotiated price was not at $85.34 on Thursday afternoon, down $2.28 from the day prior. The CME Lean Hog Index...
- Cotton Slip Lower on Thursday
- Cotton futures posted losses of 8 to 21 points on Thursday. The outside markets were mixed, with the US dollar index down 565 points and crude oil back down 15 cents/barrel lower. This morning’s Export Sales report showed 170,663 RB sold for 2024/25 shipment in the week of 11/28, a...
- Cattle Extend Losses on Thursday
- Live cattle futures closed Thursday with losses of $1.12 to $2. Thursday morning’s Fed Cattle Exchange online auction from Central Stockyards showed no sales on the 1,174 head listed. Bids ranged from $186-190 live. Outside of that, bids have been reported at $190, with a few sales there as well....
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