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...
Premium Soybean Marketing Options
Soybean Producers: You can sell soybeans delivered directly into the AGP Processing Plants at Aberdeen, SD and Dawson, MN. Contact our Grain Merchandising Staff for details.