Commentary
Wheat Futures Continue Up Swing
The recovery in the wheat futures market continued with another up day. Minneapolis futures were 4 ¼ cents higher, while the KC HRW ended the session up by 8 ¾ cents. SRW futures finished the day 12 cents stronger. The FAS data had 622,803 MT of wheat sales during the...
Cotton Finished Higher on Thursday
The front month cotton market ended with 44 to 81 points stronger on the day. New crop Dec was 25 points higher at the close. The Dec/Dec spread ended the Thursday session 177 points inverse. The weekly Export Sales report showed 217,662 RBs of cotton was booked during the week...
Cattle Drop Back Triple Digits
Front month live cattle ended the day $1.07 to $1.65 weaker, which flipped the board back to net weaker on the week. Feeders also fell on the day with 0.7% losses flipping the week’s move to net lower. USDA reported the cash trade for Thursday was nearly 25k head -...
Corn Closes 1% Higher
The Thursday session ended with corn futures 4 to 7 cents higher and a 2.7% gain in the Dec contract. March corn futures saw nearly a 10c range with nearly all of it in the black. The weekly Export Sales data had 1.928 MMT of corn booked during the week...
New Crop Beans Miss Out on Red Day
The soybean market 2 to 4 ¼ cents in the red, though the new crop market was a penny higher. The Jan to Nov inverse is now less than 50c. Soymeal futures closed $2.10 to $3 in the red. Soybean Oil futures ended the day 38 to 43 points lower....
Hogs Close Stronger on Thursday
The front month lean hog futures were $0.60 to $1.37 stronger at the close. Dec hogs futures ended the day 20 cents in the red. The National Average Base Hog price for Thursday was $58.60, up by 54 cents. The CME Lean Hog Index for 11/28 was $71.53, down 13...

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