Corn futures were under pressure on Wednesday following USDA’s quarterly stocks report with front months down 18 ¼ to 21 ¼ cents and 2027 crop contracts steady to 9 ¼ cents lower. The CmdtyView national average Cash Corn price was down 20 3/4 cents at $4.58. The quarterly Grain Stocks...
The dollar index (DXY00 ) rose by +0.09% on Wednesday. The dollar shook off early losses on Wednesday and moved higher after T-note yields rose. Signs of strength in the US economy also supported the dollar after Q2 GDP was revised higher, and the Sep ADP employment change and Sep...
Soybeans failed to see strength on a friendly stocks number on Wednesday, with contracts down 2 ¼ to 5 cents at the close. Sharp losses in corn were a spillover pressure factor. The cmdtyView national average Cash Bean price was down 4 1/2 cents at $12.39 1/2. Soymeal futures were...
The wheat complex ignored USDA Grain Stocks report showing tighter stocks on Wednesday, posting losses across the three exchanges. Chicago SRW closed the day with contracts down 5 ½ to 17 cents to lead the weakness. KC HRW futures posted 4 to 10 cent losses on the session. MPLS spring...
Live cattle futures saw gains of $1.30 to $2.15 across the board on Wednesday. Cash trade saw some light $348-350 dressed action in the North so far this week as reported by USDA, with live sales at $219-219.50. The Wednesday Fed Cattle Exchange online auction showed no sales on the...
Lean hog futures saw weakness on Wednesday, with contracts 7 to 65 cents lower across the board. USDA’s national base hog price was tallied at $77.72 in the Wednesday PM report, down $1.02 from the day prior. The CME Lean Hog Index was down another 27 cents on September 28...
Soybeans got a friendly stocks number on Wednesday, but bulls are fading the data, with fractional losses at midday. Sharp losses in corn are a spillover pressure factor. The cmdtyView national average Cash Bean price is down 1 1/2 cents at $12.42 1/4. Soymeal futures are down 20 to 40...
October NY world sugar #11 (SBV26 ) closed down -0.19 (-1.07%) on Wednesday, and December London ICE white sugar #5 (SWZ26 ) closed down -3.20 (-0.63%). Sugar prices settled lower on Wednesday on concerns over weak demand. According to McDougall Global Views, current open interest in the October NY sugar...
December arabica coffee (KCZ26 ) closed up +1.25 (+0.43%) on Wednesday, and November ICE robusta coffee (RMX26 ) closed up +35 (+1.03%). Coffee prices settled higher on Wednesday, with arabica posting a 3-week high and robusta posting a 1-month high. Coffee prices are climbing as dry conditions in Brazil could...
November Nymex natural gas (NGX26 ) on Wednesday closed up +0.015 (+0.50%). Nat-gas prices recovered from early losses on Wednesday and settled higher on expectations for a smaller-than-average build in weekly gas storage. The consensus is that Thursday’s weekly EIA nat-gas inventories rose +63 bcf for the week ending September...
The S&P 500 Index ($SPX ) (SPY ) closed down by -0.25% on Wednesday, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down by -0.86%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.23%. December E-mini S&P futures (ESZ26 ) fell -0.25%, and December E-mini...
November Nymex natural gas (NGX26 ) on Wednesday closed up +0.015 (+0.50%). Nat-gas prices recovered from early losses on Wednesday and settled higher on expectations for a smaller-than-average build in weekly gas storage. The consensus is that Thursday’s weekly EIA nat-gas inventories rose +63 bcf for the week ending September...
The S&P 500 Index ($SPX ) (SPY ) closed down by -0.25% on Wednesday, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down by -0.86%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.23%. December E-mini S&P futures (ESZ26 ) fell -0.25%, and December E-mini...
November WTI crude oil (CLX26 ) closed up +1.04 (+1.16%) on Wednesday, and November RBOB gasoline (RBX26 ) closed up +0.1282 (+4.09%). Crude oil and gasoline prices rallied sharply on Wednesday after Russia extended its diesel export ban, further tightening the global market. Also, attacks on vessels transiting the Strait...
The S&P 500 Index ($SPX ) (SPY ) closed down by -0.25% on Wednesday, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down by -0.86%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.23%. December E-mini S&P futures (ESZ26 ) fell -0.25%, and December E-mini...
December arabica coffee (KCZ26 ) closed up +1.25 (+0.43%) on Wednesday, and November ICE robusta coffee (RMX26 ) closed up +35 (+1.03%). Coffee prices settled higher on Wednesday, with arabica posting a 3-week high and robusta posting a 1-month high. Coffee prices are climbing as dry conditions in Brazil could...
December ICE NY cocoa (CCZ26 ) closed down -41 (-0.76%) on Wednesday, and December ICE London cocoa #7 (CAZ26 ) closed down -29 (-0.72%). Cocoa prices fell on Wednesday amid demand concerns. On Tuesday, chocolate maker Lindt & Sprungli lowered chocolate prices for a second time this year and cut...
October NY world sugar #11 (SBV26 ) closed down -0.19 (-1.07%) on Wednesday, and December London ICE white sugar #5 (SWZ26 ) closed down -3.20 (-0.63%). Sugar prices settled lower on Wednesday on concerns over weak demand. According to McDougall Global Views, current open interest in the October NY sugar...
November Nymex natural gas (NGX26 ) on Wednesday closed up +0.015 (+0.50%). Nat-gas prices recovered from early losses on Wednesday and settled higher on expectations for a smaller-than-average build in weekly gas storage. The consensus is that Thursday’s weekly EIA nat-gas inventories rose +63 bcf for the week ending September...
Soybeans got a friendly stocks number on Wednesday, but bulls are fading the data, with fractional losses at midday. Sharp losses in corn are a spillover pressure factor. The cmdtyView national average Cash Bean price is down 1 1/2 cents at $12.42 1/4. Soymeal futures are down 20 to 40...