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Hogs Falling Lower on Wednesday

1 month ago
Lean hog futures are trading with contracts 97 cents to $1.77 lower at midday. USDA’s national base hog price was at $72.12 in the Wednesday AM report, down $3.97 from the day prior. The CME Lean Hog Index was down another 41 cents on October 5 at $79.22. USDA’s pork...

Wheat Falling Lower on Wednesday

1 month ago
The wheat complex is giving back Tuesday’s rally on Wednesday. Chicago SRW contracts are falling back 17 to 18 cents on the session. KC HRW futures are trading with 18 to 19 cent losses at midday. MPLS spring wheat are 12 to 14 cents lower across most front months on...

Rising ICE Inventories and Demand Fears Undercut Cocoa Prices

1 month ago
December ICE NY cocoa (CCZ26 ) is down -149 (-2.61%) today, and December ICE London cocoa #7 (CAZ26 ) is down -85 (-2.01%). Cocoa prices are sharply lower for a second day today, pressured by rising ICE cocoa inventories. ICE cocoa inventories rose to a 2.25-year high of 3,538,981 bags...

Dollar Firms and Gold Falls as T-Note Yields Jump

1 month ago
The dollar index (DXY00 ) is up by +0.55% today, just below Monday’s 1.5-year high. Higher T-note yields today have strengthened the dollar’s interest rate differentials as the 10-year T-note yield rose to a 24-year high of 5.36%. Also, higher crude oil prices today have raised inflation expectations and could...

Cotton Correcting Lower on Wednesday Morning

1 month ago
Cotton prices are down 80 to 90 points so far on Wednesday. Futures closed the Tuesday session with contracts 21 to 57 points higher at the final bell. Crude oil was 48 cents per barrel higher on the session, with the US dollar index back down $0.308. Monthly trade data...

Crude Prices Supported by Middle East Supply Concerns

1 month ago
November WTI crude oil (CLX26 ) is up +0.20 (+0.22%) today, and November RBOB gasoline (RBX26 ) is up +0.0255 (+0.78%). Crude oil and gasoline prices are moving higher today on concerns about disruptions to crude supplies from the Middle East after Iran ramped up attacks on tankers in the...

Corn Getting a Wednesday AM Correction

1 month ago
Corn is trading with contracts 3 to 4 cents lower so far on Wednesday morning. Futures found late strength on Tuesday with contracts closing 6 to 10 ¾ cents higher across most contracts. Open interest was up 8,479 contracts on Tuesday. The CmdtyView national average Cash Corn price was up...

Cotton Correcting Lower on Wednesday Morning

1 month ago
Cotton prices are down 80 to 90 points so far on Wednesday. Futures closed the Tuesday session with contracts 21 to 57 points higher at the final bell. Crude oil was 48 cents per barrel higher on the session, with the US dollar index back down $0.308. Monthly trade data...

Stocks Pressured by Rising Bond Yields

1 month ago
The S&P 500 Index ($SPX ) (SPY ) is down by -0.61% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down by -0.93%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.92%. December E-mini S&P futures (ESZ26 ) are down -0.55%, and December E-mini...

Crude Prices Supported by Middle East Supply Concerns

1 month ago
November WTI crude oil (CLX26 ) is up +0.20 (+0.22%) today, and November RBOB gasoline (RBX26 ) is up +0.0255 (+0.78%). Crude oil and gasoline prices are moving higher today on concerns about disruptions to crude supplies from the Middle East after Iran ramped up attacks on tankers in the...
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