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Cattle Rallying on Friday, with Cash Firming

2 weeks 3 days ago
Live cattle futures are rallying as cash trade picks up, with futures up 97 cents to $1.20 at midday. USDA reported a few dressed northern sales at $345-355 in the north. The Friday morning Fed Cattle Exchange online auction showed sales of $228-228.50 on 571 of the 2,596 head offered,...

Wheat Bears Pushing Losses into Friday’s Midday

2 weeks 3 days ago
The wheat complex is heading into the weekend with losses across the three exchanges. Chicago SRW contracts are slipping back 7 to 8 cents to round out the week. KC HRW futures are trading with 7 to 8 cent losses at midday. MPLS spring wheat is down 6 to 7...

Hogs Get a Bounce on Thursday, as Traders Look to Round Out the Week

2 weeks 3 days ago
Lean hog futures found some strength, despite continued pork weakness, with contracts up 35 to 60 cents at the close. Open interest was up 2,643 contracts on Thursday. USDA’s national base hog price was reported at $71.70 on Thursday afternoon, up $2.56 from the day prior. The CME Lean Hog...

Cattle Look to Friday Following Thursday Rally

2 weeks 3 days ago
Live cattle futures were up $1.57 to $2.12 higher across the board on Thursday. There still have been no deliveries against October live cattle. Open interest was down 630 contracts on Thursday. USDA reported a few dressed northern sales at $345-355 in the north. The Thursday Fed Cattle Exchange online...

Weakness in the Corn Market Continues on Friday Trade

2 weeks 3 days ago
Corn prices are down 1 to 2 cents as futures round out the week of trade. Futures faced late pressure on Thursday, with contracts closing down 1 to 4 cents at the closing bell. Open interest was down 5,434 contracts on Thursday, heavily in the December contract. The CmdtyView national...

Cattle Rallying on Friday, with Cash Firming

2 weeks 3 days ago
Live cattle futures are rallying as cash trade picks up, with futures up 97 cents to $1.20 at midday. USDA reported a few dressed northern sales at $345-355 in the north. The Friday morning Fed Cattle Exchange online auction showed sales of $228-228.50 on 571 of the 2,596 head offered,...

Losses in Soybeans Extending to Friday Morning

2 weeks 3 days ago
Soybeans are showing extended weakness on Friday morning, with losses of 4 to 6 cents. Futures fell further into the close on Thursday, down 10 to 14 ¼ cents as futures faded Chinese purchases and sell a bearish NOPA report. Open interest was up 3,241 contracts on Thursday, with November...

Cattle Look to Friday Following Thursday Rally

2 weeks 3 days ago
Live cattle futures were up $1.57 to $2.12 higher across the board on Thursday. There still have been no deliveries against October live cattle. Open interest was down 630 contracts on Thursday. USDA reported a few dressed northern sales at $345-355 in the north. The Thursday Fed Cattle Exchange online...

Stock Indexes Mostly Lower as Chipmaker Weakness Persists

2 weeks 3 days ago
The S&P 500 Index ($SPX ) (SPY ) is down by -0.06% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up by +0.44%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.96%. December E-mini S&P futures (ESZ26 ) are down -0.10%, and December E-mini...

Wheat Bears Pushing Losses into Friday’s Midday

2 weeks 3 days ago
The wheat complex is heading into the weekend with losses across the three exchanges. Chicago SRW contracts are slipping back 7 to 8 cents to round out the week. KC HRW futures are trading with 7 to 8 cent losses at midday. MPLS spring wheat is down 6 to 7...

Hogs Get a Bounce on Thursday, as Traders Look to Round Out the Week

2 weeks 3 days ago
Lean hog futures found some strength, despite continued pork weakness, with contracts up 35 to 60 cents at the close. Open interest was up 2,643 contracts on Thursday. USDA’s national base hog price was reported at $71.70 on Thursday afternoon, up $2.56 from the day prior. The CME Lean Hog...

Cotton Posting Modest Gains

2 weeks 3 days ago
Cotton futures are trading with modest gains of 10 to 21 points across most contracts on Friday. Crude oil is up $2.69 per barrel on the session, with the US dollar index $0.090 lower. USDA’s Export Sales report showed 146,892 RB of cotton sales in the week ending in October...

Coffee Prices Climb on El Niño Weather Concerns

2 weeks 3 days ago
December arabica coffee (KCZ26 ) is up +6.60 (+2.24%) today, and November ICE robusta coffee (RMX26 ) is up +12 (+0.36%). Coffee prices are moving higher today, with arabica posting a 5-week high. Concerns that an El Niño weather pattern could hurt Brazil's and Vietnam’s coffee crops next year are...

Sugar Prices Sink on Forecasts for Drier Weather in Brazil

2 weeks 3 days ago
March NY world sugar #11 (SBH27 ) is down -0.41 (-1.94%) today, and December London ICE white sugar #5 (SWZ26 ) is down -7.20 (-1.28%). Sugar prices are falling today as forecasts for hot, dry weather next week in Brazil’s Center-South region, the country’s largest sugar-producing area, sparked long liquidation...

Soybeans Finding Some Buyers at Midday, Still Facing Weaker

2 weeks 3 days ago
Soybeans are trying to pull off the early near double digit losses on Friday, with contracts down 1 to 3 cents at midday. The cmdtyView national average Cash Bean price is down 1 ¼ cents at $12.03 1/2. Soymeal futures are down $3.20 to $3.40, with Soy Oil futures up...
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