Ag Market Commentary
- Corn Corrects Lower into the Weekend
- The corn market was faced with pressure on Friday, as contracts wee down 4 to 8 cents across most months. March ended the week with a 5 cent loss. March options expired today, with traders going for a pin at the 490 strike. CmdtyView’s national average Cash Corn price was...
- Cotton Faces Outside Pressure on Friday
- Cotton futures posted losses on Friday, with front months down 11 to 16 points at the close. March was down 103 points this week. The outside markets were pressure factors to close out the week. Crude oil futures were down $2.18/barrel, with the US dollar index $0.276 higher. CFTC data...
- Soybeans Give into Weakness on Friday
- Soybeans headed in the weekend with pressure on Friday, down 1 to 6 cents across the front months out to November. March was still up 3 ½ cents this week. The cmdtyView national front month Cash Bean price was 4 ½ cents lower at $9.81 3/4. Soymeal futures closed down...
- Cattle Post Strength on Friday
- Live cattle futures were buying into the Cattle on Feed report on Friday, up 15 to 35 cents in the front months at the close. Feb closed the week up just 7 cents. Cash trade was slow this week, with sales around $199 in the South and North trade at...
- Hogs Close Mixed on Friday
- Lean hogs ended the Friday session with losses in the nearbys by 50 to 85 cents and other contracts higher in some back months. April lost $4.925 on the week. The Friday afternoon national average base hog negotiated price from the USDA was reported at $90.08, a 64 cent increase...
- Wheat Closes the Week with Mixed Action
- The wheat market closed Friday mixed across the three exchanges, as the winter wheats were the strongest. Chicago SRW futures were up 3 to 5 cents to close the day, as March was still down a dime on the week. KC HRW futures were 1 to 2 cents higher as...
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