Commentary
- Corn Losses Leaking into Monday
- Corn futures are trading with 2 to 3 cent losses so far on Monday. Preliminary open interest on Friday was down 10,784 contracts. The CmdtyView national average Cash Corn price was down 2 3/4 cents at $3.70 3/4. Export Inspections data showed 1.208 MMT (47.54 mbu) of corn shipped in...
- Hogs Posting Monday Gains
- Lean hog futures are trading with Monday gains of 65 cents to $1. USDA’s national base hog price was not reported on Monday morning due to light volume. The CME Lean Hog Index was down 11 cents at $110.21 on July 31. Commitment of Traders data indicated a total of...
- Wheat Mixed at Midday
- The wheat complex is mixed to mostly lower on Monday’s midday. CBT futures are mixed within a penny of unchanged so far. Kansas City HRW contracts are fractionally in the red so far on Monday. MPLS spring wheat is down fractionally to 2 cents at midday. This morning’s Export Inspections...
- Soybeans Popping Higher on Monday’s Midday
- Soybeans are showing some early week strength, with futures are up 5 to 8 cents. There were another 5 deliveries issued for August soybeans overnight. The cmdtyView national average Cash Bean price was up 5 3/4 cents at $9.37 ½. Soymeal futures are showing gains of $2.40 to $3.70/ton. Soy...
- Cattle Fading After Early Gains
- Live cattle futures are down a nickel to 77 cents early on Monday. First Notice day if today for August. Cash trade was picked up last week to $235-236 in the South, up $3 to $5 from last week, as Northern trade reported at $247, up $2. Feeder cattle futures...
- Cotton Posting Monday Pop Higher
- Cotton futures are up 22 to 28 points a midday. The US dollar index was back down $0.375 to $98.545, as crude oil futures are another $1/barrel lower. OPEC+ announced another production hike of 547,000 barrels per day in September. CFTC data showed spec funds in cotton futures and options...
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