Soybeans Hold Losses on Tuesday, as Ratings Drop After the Close
Soybeans posted losses of 9 to 13 ½ cents across most contracts on Tuesday. There were 3 deliveries issued against September beans. The cmdtyView national average Cash Bean price was down 13 1/2 cents at $9.65 1/4. Soymeal futures were down $3.80 to $8.10 in the front months. There were...
Wheat Closes with Weakness on Tuesday
The wheat complex held losses across the three markets on Tuesday. CBT soft red wheat futures were down 5 to 6 cents. Preliminary open interest was down 10,535 contracts on Friday, suggesting some short covering. KC HRW futures were 8 to 10 cents lower on the Tuesday session. There were...
Cattle Pull Back Lower into the Close
Live cattle futures saw Tuesday action mixed, with nearby October down 12 cents and other contracts up 22 to 37 cents. Cash activity was quiet on Tuesday, with showlists being compiled. Last week was steady in the North at $245 in the north, with $242 in the South, up $2....
Hogs Close with Gains on Tuesday
Lean hog futures posted 45 to 77 point gains across the front months on Tuesday. USDA’s national base hog report showed negotiated price was reported at $106.37, up $1.46 from the day prior. The CME Lean Hog Index was down 26 cents on August 28 at $106.17. USDA’s FOB plant...
Cotton Holds Lower on Tuesday, with Condition Ratings Slipping
Cotton futures were down 49 to 64 points on the Tuesday session. The US dollar index was up $0.575 on the day to $98.265, with crude oil futures $0.96 higher. Th weekly NASS Crop Progress report showed 90% of the US cotton crop setting bolls as of Sunday (vs. 93%...
Hogs Close with Gains on Tuesday
Lean hog futures posted 45 to 77 point gains across the front months on Tuesday. USDA’s national base hog report showed negotiated price was reported at $106.37, up $1.46 from the day prior. The CME Lean Hog Index was down 26 cents on August 28 at $106.17. USDA’s FOB plant...
Corn Comes Back to Close with Gains as Ratings Slip Back
Corn futures saw some late day strength, as contracts closed with gains of 2 to 5 cents across most nearbys. Contracts closed 7 to 10 cents off the early session lows. The CmdtyView national average Cash Corn price was down 5 cents at $3.79. The monthly NASS Grain Crushing report...
Corn Comes Back to Close with Gains as Ratings Slip Back
Corn futures saw some late day strength, as contracts closed with gains of 2 to 5 cents across most nearbys. Contracts closed 7 to 10 cents off the early session lows. The CmdtyView national average Cash Corn price was down 5 cents at $3.79. The monthly NASS Grain Crushing report...
Pure Hedge - Livestock and Grain
Grains Widely Mixed - Cattle Markets All Over The Place
Strained grain storage capacity expected
A senior grain analyst with Terrain says grain storage capacity will be strained if the U.S. produces the large corn and soybean crops USDA is forecasting. Marc Rosenbohm tells Brownfield there’s not enough permanent on-farm and commercial storage across the Midwest and Delta. “Across a lot of the Plains states...