- Corn Bears Remain in Control on Tuesday
- Corn futures are down 3 to 5 cents across most contracts at midday. The CmdtyView national average new crop Cash Corn price was down 4 1/4 cents at $3.66 1/2. Crop Progress data indicated 76% of the US corn crop was silking as of 7/27, 1 point back of the...
- Cattle Continuing Rally on Tuesday
- Live cattle futures are 80 cents to $1.05 higher on Tuesday. Cash activity settled in at $230-232 in the South last week, with $240-245 in the North. Feeder cattle futures are posting another round of strength after early weakness, up $1.45 to $1.90 at midday. The CME Feeder Cattle Index...
- Soybeans Falling on Tuesday
- Soybeans are extending the losses to Tuesday’s midday, with contracts 6 to 11 ½ cents lower. The cmdtyView national average new crop Cash Bean price is down 6 1/2 cents at $9.52 1/2. Soymeal futures are continuing with weakness, with contracts down $3.10 to $3.20. Soy Oil is 17 to...
- Wheat Continuing Slide on Tuesday
- Wheat is showing losses across most contracts on Tuesday as the dollar index is continuing its rebound. Chicago SRW futures are 9 to 10 cents in the red at midday. KC contracts are down 6 to 7 cents so far at midday. MPLS spring wheat is continuing weakness into Tuesday,...
- Cotton Falling on Tuesday Trade
- Cotton futures are down 38 to 63 points in the nearby contracts so far on Tuesday’s midday. Crude oil futures are $1.00/barrel higher. The US dollar index is continuing the rally, up $0.340 to $98.735. Weekly Crop Progress data indicated 80% of the US cotton crop was squaring as of...
- Hogs Under Pressure at Midday, with Cash Weakness
- Lean hog futures are down $1.07 to $2.35 so far on Tuesday. USDA’s national base hog price had a weighted average of $105.54 in the Tuesday AM report, down $3.48 from the previous report. The CME Lean Hog Index was up 2 cents at $110.30 on July 25. USDA’s Tuesday...