Ag Market Commentary
- Soybeans Hold $10 But Fall on Friday as Trade Tensions Rise
- Soybeans were under pressure from increased trade tensions on Friday, with losses of 14 to 16 cents and November down 11 ¼ cents on the week. The cmdtyView national average Cash Bean price was 15 3/4 cents lower at $9.31. Soymeal futures fell $1.60 to $2.30 on the day, with...
- Corn Falls on Friday
- The corn market was under pressure in sympathy with the beans and other some outside pressure on Friday. Contracts closed down 4 to 5 ¼ cents, with December 6 cents lower this week. The CmdtyView national average Cash Corn price was down a nickel at $3.71 3/4. The average close...
- Hogs Close the Week with Friday Losses
- Lean hog futures were weaker on Friday contracts steady to 40 cents in the red at the close, October was down $1.975 this week. USDA’s national base hog price from Friday afternoon was up 7 cents from the day prior at $96.40. The CME Lean Hog Index was down another...
- Wheat Falls on Friday with the Other Grains
- The wheat complex fell across the three markets on Friday, to end the week with spillover pressure from the rest of the commodity complex. CBT soft red wheat futures saw losses of 8 to 9 cents on Friday, with December 16 ¾ cents lower. KC HRW futures posted 6 to...
- Cattle Bulls Take Back Early Losses to Post Gains, as Fats Lead the Charge on Cash Strength
- Live cattle futures shrugged off the early session weakness, as futures posted strength on cash strength to close $2 to $3.45 higher. October rallied back $7.45 this week. There were no deliveries again for October live cattle again on Friday, with the oldest long dated July 31. Cash saw some...
- Cotton Falls on Friday with Increasing Trade Tensions
- Cotton futures posted losses on Friday, with contracts pulling back 60 to 77 cents in the nearbys. December was down 146 points this week. The US dollar index was back down $0.665 on the Friday session to $98.620, with crude oil $3.31/barrel lower and below the $60 level. Earlier this...
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