Commentary
Soybeans Holding Gains on Friday with Bean Oil Strength Leading the Charge
Soybean prices are up 5 to 6 1/2 cents so far on Friday’s midday. The cmdtyView national average Cash Bean price is up 5 cents at $9.90 3/4. Soymeal futures are don a dime to $2. Soy Oil futures is up 164 to 175 points so far on the day....
Hogs Rallying to Round Out the Week
Lean hog futures are up $1.10 to $1.35 across most contracts at midday. USDA’s national base hog price was reported at $107.89 in the Friday AM report, up 55 cents from the day prior. The CME Lean Hog Index was down 25 cents at $108.32 on August 20. USDA’s FOB...
Wheat Weakens on Friday
The wheat complex is mostly lower on Friday, with spring wheat holding steady. CBT soft red wheat futures are trading with 1 to 2 cent losses at midday. KC HRW futures are down 4 to 5 cents across most contracts on Friday. MPLS spring wheat is steady at the midday...
Corn Holding Fractional Losses on Friday
Corn futures are trading with contracts fractionally lower so far on Friday. The CmdtyView national average Cash Corn price is down 1/2 cent at $3.68 1/4. USDA reported a couple private export sales of 119,769 MT of corn to Costa Rica and 140,452 MT to Spain this morning all for...
Cattle Rallying Ahead of USDA Data Release
Live cattle futures are up $1.15 to $2.20 across most contracts on Friday. Cash trade has been slow this week, with some northern dressed action at $385 and live trade at $245. The Friday morning Fed Cattle Exchange online auction showed $245 BidTheGrid™ sales on 80 of the 1,264 head...
Cotton Popping Higher at Midday with Outside Support
Cotton futures are trading with contracts up 44 to 60 points at Friday’s midday. The outside markets are supportive, as the US dollar index is back down $0.911 on the day to $97.590, with crude oil futures $0.14 higher. Export Sales data from Thursday indicated the marketing year commitments in...



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