Ag Market Commentary
- Cotton Heads Lower into the Weekend
- Cotton futures closed the Friday session with contracts down 89 to 119 points across the nearbys. December was down 187 points on the week. The US dollar index was back down $1.318 to $98.425, as crude oil futures were $2.09/barrel lower. CFTC data showed spec funds in cotton futures and...
- Wheat Fades Lower into Friday’s Close
- The wheat complex faded lower into the weekend, with all three markets in the red. CBT futures were 5 to 7 cents in the red at the close, with September falling back 21 ½ cents. Kansas City HRW contracts were 6 to 7 ½ cents lower on Friday, as September...
- Hogs Post Friday Bounce
- Lean hog futures were up 22 to 62 cents across the nearby contracts on Friday, as August was still down $1.35 this week. USDA’s national base hog price was back down $2.76 from the previous day, at $108.91 on Friday afternoon. The CME Lean Hog Index was down 14 cents...
- Corn Falls Back on Friday
- Corn futures closed out the Friday session with contracts down 2 to 4 ¼ cents, as September was a dime lower on the week and December down 8 ¼ cents. The CmdtyView national average Cash Corn price was down 3 1/2 cents at $3.73 1/2. A couple more private export...
- Soybeans Fade Back to Close Steady
- Soybean futures fell weaker into the Friday close, as the three nearby contracts were unchanged at the final bell. August fell 37 cents this week, with November 31 ¾ cents lower. The cmdtyView national average Cash Bean price was down 3 ½ cents at $9.31 ½. Soymeal futures saw Friday...
- Cattle Post Recovery on Friday
- Live cattle futures posted gains across most contracts, with 50 cent to $2.35 gains in the nearbys, with August carrying the load. First Notice day is on Monday. August was up $3.65 this week. Cash trade has picked up this week to $235-236 in the South, up $3 to $5...
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