Ag Market Commentary
- Cotton Higher at Midday
- Cotton price is trading with gains of 85 to 96 points so far on Monday’s midday. Crude oil prices are up $0.33/barrel. The US dollar index is back down $0.666 to $100.280. The weekly CFTC report showed money managers in cotton futures and options adding 8,039 contracts to their net...
- Corn Posting Monday Gains
- Corn futures are trading with gains at Monday’s midday, with front months fractionally high and new crop up 3 to 4 cents. The front month CmdtyView national average Cash Corn price is up 3/4 cents at $4.16 ¼. Weekly Export Inspections data tallied corn shipments at 1.719 MMT (67.68 mbu)...
- Soybeans Holding Higher at Midday
- The soybean market is posting midday gains on Monday, with contracts stready to 3 cents in the green. The cmdtyView Cash Bean price is up 3/4 cents to $10.01. Soymeal futures are down $4.60/ton on the day, with Soy Oil futures back up 35 points. USDA reported a total of...
- Wheat Starting the Week with Gains
- The wheat market is trading with gains across all three markets at midday. Chicago SRW futures are up 1 to 2 cents. Kansas City HRW contracts are 4 to 5 cents in the green. Minneapolis spring wheat futures are 8 to 9 cents higher. Export Inspections data showed a total...
- Hogs Leaking Lower at Midday
- Lean hog futures are down 40 to 90 cents so far on Monday. USDA’s national average base hog negotiated price was reported at $94.91 on Monday morning. The CME Lean Hog Index was up another 24 cents on May 15, at $91.26. Weekly Commitment of Traders data showed the large...
- Cattle Trading Mostly Higher at Midday
- Live cattle futures are holding higher on Monday, with contracts 65 to 90 cents higher. Cash action from last week showed Southern sales of $218-220, steady, and $229 in the north. Feeder cattle futures are mixed at midday, with nearby May down 22 cents and other contracts 10 to 22...
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