Commentary
Soybeans Extend Losses into Tuesday, as Jan Fights to Hold $10
Soybeans closed out the Tuesday session with contracts down 5 to 9 cents across most months. CmdtyView’s national front month Cash Bean price was down 4 1/4 cents at $9.30 1/2. Soymeal futures were down $3.20 to $4/ton on the day. Soy Oil contracts were steady to 55 points higher...
Cattle Trade Posts Tuesday Losses
Live cattle futures ended the Tuesday session with contracts down $1.30 to $1.55. There were another 10 deliveries to the West Point, NE location on Tuesday, to take the total for the month to 20. Cash sales were reported in the north at $187-188 last week, even to $1 higher...
Hogs Weaker on Tuesday
Lean hog futures closed the Tuesday session with contracts down 40 to 60 cents in the front months. The national average base hog price was reported a $76.80 on Tuesday afternoon, up $2.33 from the day prior. The CME Lean Hog Index was reported at $84.16 on October 11, down...
Corn Weakness Continues on Tuesday
Corn futures ended the Tuesday trading session with contracts down 6 to 7 ¼ cents across most months. The national average Cash Corn price from cmdtyView was down 6 3/4 cents at $3.69 3/4 per bu. The average close for December corn futures, which indicates the fall crop insurance price,...
Wheat Slide Continues into Tuesday
The wheat complex posted another round of losses across the three exchanges on Tuesday. Chicago SRW futures were down 5 to 7 cents on the day. KC HRW contracts were 7 to 8 cents lower. MPLS spring wheat fell another 9 to 11 cents. A private export sale of 120,000...
Cotton Posts Weaker Action on Tuesday
Cotton futures closed Tuesday with losses of 40 to 44 points. The outside markets were mixed with the crude oil a pressure factor, down $2.92/barrel and the US dollar index 40 points lower. This afternoon’s Crop Progress report from NASS indicated a total of 88% of the US cotton crop...


  


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