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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