The cotton market posted 7 to 113 point losses on Thursday. The death spiral liquidation continues for May, down 146 points, as longs get out before deliveries, with rest of the contracts following along. The US dollar index was up 226 points on the day, with crude oil back up...
Soybeans pushed lower into Thursday’s close, as contracts settled with losses of 6 ¾ to 15 ¼ cents on the day, led by the nearbys. Soymeal was down 70 cents to $3.0 at the closing bell. Soy Oil was down another 22 to 90 points on the day. Export Sales...
Live cattle posted some strength on Thursday, with contracts up anywhere from a nickel to $1.05. Cash action has been quiet so far this week. There have still been no deliveries against April futures. The Central Stockyards Fed Cattle Exchange saw no sales on the 1,376 head listed this morning,...
Thursday trading in the corn market saw weakness creep in, with losses of 3 1/2 to 4 ¾ cents at the close. May was 3 ½ cents in the red and back below $4.30, with December settling at $4.60, down 4 ¾. USDA’s Export Sales report showed a 54% uptick...
The wheat markets put together some strength on Thursday, as contracts were mostly higher. Chicago was the weakest, with nearby May closing down ¼, but other contracts up ¾ to 2 ¼ cents. Kansas City was up 1 ½ to 6 ¼ cents at the close. Minneapolis spring wheat futures...
Lean hogs posted mostly weaker action on Thursday, as contracts were down anywhere from a tick to 42 cents with the exception to July, up a nickel. USDA’s National Average Base Hog negotiated price was up 65 cents at $89.78 in the Thursday afternoon report. The CME Lean Hog Index...
Live cattle futures are mixed at midday, with the front months down 12 to 25 cents and other contracts 7 to 62 cents higher. Cash action has been quiet so far this week. The Central Stockyards Fed Cattle Exchange saw no sales on the 1,376 head listed this morning, with...
Hogs are trading 40 cents to $1 lower across most contracts on Thursday’s session. USDA’s National Average Base Hog negotiated price was $2.04 at $90.49 in the Thursday morning report. The CME Lean Hog Index was another 38 cents higher at $91.36 on April 16. Pork export sales during the...
The cotton market is down 59 to 168 points across most contracts on Thursday. The death spiral liquidation continues for May, as longs get out before deliveries, with rest of the contracts following along. The US dollar index is up 141 points at midday, with crude oil back up 141...
Soybeans are trading in the red on Thursday, posting new daily lows at midday, with losses of 9 to as much as 13 cents. Soymeal is slipping lower, with May down 50 cents and July $2.0/ton lower. Soy Oil is down 50 to 51 points in the nearbys. Export Sales...
Corn futures are pushing lower at midday despite an initial surge higher at the 8:30 am CDT morning open. They are currently down 2 to 4 cents across most front months on Thursday. USDA’s Export Sales report showed a 54% uptick in sales during the week that ended on April...
The wheat markets are trying to recover from the Wednesday weakness, as futures try to push higher at midday. Chicago is running low on fuel, with gains limited to just 1 to 3 cents. Kansas City is up 5 to 7 ¼ cents. MPLS is leading the way with 5...
Hogs were mixed on the Wednesday trade session, as contracts were anywhere within 10 cents lower to 47 cents higher. USDA’s National Average Base Hog negotiated price was up 9 cents at $89.13 in the afternoon report. The CME Lean Hog Index was another 25 cents higher at $90.98 on...
The wheat markets are trading back higher early on Thursday, led by 5 to 7 cent gains in the spring wheat. Chicago is up 4 to 5 cents, with KC 3 ½ to 4 cents higher. Wheat closed Wednesday with contracts near the lows. Chicago futures were down 4 ¾...
Soybeans are posting losses of 6 to 8 cents this morning following overnight trade. They saw 1 ½ to 5 cent higher trade on Wednesday, as there was some recovery in the product values. Soymeal ended the day with contracts up $1.20 to $3.40/ton, with Soy Oil 1 to 9...