Corn held up despite the bears putting up a fight after the overnight strength. Futures closed with contracts up ½ to 3 ¼ cents, as in delivery May was down a nickel. July futures ended the week with a 10 ¼ cent climb, as December was 9 ¼ cents higher....
Soybeans powered into the close as contracts were within a few cents of the daily high at the final bell. Futures were up anywhere from 7 to 16 cents at the close. The weekly gains totaled 37 ¾ cents for July and 26 ¼ cents for new crop November. Soymeal...
Wheat bulls were feeling better heading into the weekend, as Friday posted a round of strength. Chicago contracts were up 11 to 19 ¼ cents across the board, with May getting thin and July up just a tick on the week. Kansas City futures were 6 ½ to 14 cents...
Live cattle ended the day with Juny down 12 cents and other contracts spreading higher, up 27 to 67 cents. June was down a total of $1.90 on the week. Cash trade has been slow to develop this week with sales of $184 in the South and a few trades...
Lean hogs slipped lower as we closed out the week with losses of 15 to 97 cents across most contracts. June was down $3.52 since last Friday. USDA’s National Average Base Hog negotiated price was down $2.40 from the day prior in the Friday afternoon report at $89.38. The CME...
Cotton futures closed out the week on a better note for the bull as contracts were up 53 to 244 points. July was down 284 points this week, with December 134 points lower. A weaker US dollar helped to close out the day with losses of 218 points. Commitment of...
Cotton futures are seeing some profit taking off the recent drop, as contracts are up 147 to 268 points at midday, disregarding the thin May. A weaker US dollar is also helping, with midday losses of 288 points. ICE certified cotton stocks were down 11 bales on the first of...
Corn futures are slipping of the early session strength on Friday, with contracts down 1 ½ to 3 ½ cents in the nearbys and up 1 to 2 cents in the new crop contracts. Some precip is expected to make its way across the US over the next week, possibly...
Soybeans are trading the final session of the week, with contracts up 6 to 8 cents across most months, pulling back from early double digit gains. Soymeal is also pulling off the highs, with contracts up $2 to 5 at midday. Soy Oil is mixed, with May up 13 points...
The wheat complex is heading higher on Friday. Chicago contracts are the leaders, with gains of 17 to 20 cents across most contracts. Kansas City futures are up 13 to 15 cents on the day, so far. There were again zero deliveries vs. KC May futures. MPLS spring wheat futures...
Live cattle are up a nickel to 90 cents across most contracts on Friday. Cash trade has been slow to develop this week with bids of $184 in the South and $186 in the North, as there have been a few trades in the north in a range of $187-188....
Lean hogs are heading lower into the weekend, with contracts down 27 to 70 cents at midday. USDA’s National Average Base Hog negotiated price was up $1.10 from the day prior in the Friday morning afternoon report at $90.53. The CME Lean Hog Index was up another 32 cents on...
Soybeans are trading 6 to 11 cents higher to start your Friday. They got a boost from the meal value on Thursday, with bean contracts up 14 to 34 ¼ cents across the board. Flooding in southern Brazil was also a bullish input. Soymeal paved the way for the rally,...
Early Friday corn prices are 4 to 5 cents higher than they went home on Thursday. Futures ended Thursday with gains of 4 ½ to 9 cents across most contracts. Weakness in the US dollar has been helpful to the bulls. Some precip is expected to make its way across...
Live cattle shot higher following Wednesday’s late USDA H5N1 announcement, closing with $1.90 to $2.95 gains. Cash trade has been slow to develop this week with a few $186 in KS reported by the USDA, with NE at $187. Both would be an improvement on the week, but noted volume...