Ag Market Commentary
- Cotton Comes Back to Close with Friday Gains
- Cotton futures closed out Friday with contracts 11 to 18 points higher, as March cotton was down 121 points this week. The outside markets are positive factors on Friday, with the US dollar index back down 592 points and crude oil back up 13 cents/barrel. Cotton Ginnings data was updated...
- Wheat Manages to Close Mixed on Friday
- The wheat market went into the weekend on a mixed note, as the soft red contracts failed to push higher. Chicago SRW futures were steady to down 1 ½ cents across the board on the day, as March was down 19 ¼ cents this week. KC HRW contracts were fractionally...
- Cattle Corrects Higher as CoF Data Comes in Neutral
- Live cattle futures posted Friday gains of 62 cents to $1.85, as Feb was down $3.625 on the week. A few cattle have exchanged hands this week at $195-195.50 in the North, steady from last week, with light Southern action at $191. Feeder cattle futures were back up $1.07 to...
- Hogs Rally on Friday with Fresh Hogs & Pigs Data Due Monday
- Lean hog futures closed out the Friday session with contracts anywhere from 75 cents to $2.30 higher. Feb hogs managed to squeeze out a nickel gain this week. The national average base hog negotiated price was reported at $76.95 on Friday afternoon, down $2.50 from the day prior. The CME...
- Corn Rallies on Friday
- Corn futures closed out the Friday session on a high note, as futures rallied o close out the week. Contracts were up anywhere from a penny to 5 ½ cents. March finished the week with a 4 ¼ cent gain. The national average Cash Corn price from cmdtyView was up...
- Soybeans Push Higher as Meal Rallies on Argentine Dryness Concerns
- The soybean market took back most of the midweek losses on Thursday and Friday, with the latter session closing up 7 to 13 cents. January was still down 13 ¾ cents on the week. CmdtyView’s national front month Cash Bean price was up 11 1/4 cents at $9.24 ¾. Soymeal...
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