Newswire
Commentary
- Cotton Weakness Starting on Monday
- Cotton price action is down 85 to 95 points on Monday morning. Futures posted Friday losses of 37 to 45 points to round out the week that saw July up 167 points. The outside markets were mixed, with crude oil futures back up 39 cents/barrel and the US dollar index...
- Corn Falling to Start Monday
- The corn market is falling lower on Monday morning, down 6 to 7 cents. Corn futures closed Friday with contracts mixed, as nearbys were up 1 ½ cents and new crop December down ¾ cent. May was down 3 ½ cents on the week. Preliminary open interest was down 44,704...
- Cattle Shift Focus to New Week, As USDA Threatens Import Restrictions on Mexico
- Live cattle futures closed steady to 75 cents higher on Friday, with June up $4.175 last week. Friday’s preliminary open interest was up 1,908 contracts Cash trade was delayed until Friday, with the South coming in at $212-213, up $2-3 from last week. Northern trade was up to $217-218, $4-5...
- Wheat Falling Early on Monday
- Wheat is trading with double-digit losses on Monday morning. The wheat complex closed Friday on a mixed note, as futures failed to hold much strength into the close. Chicago SRW futures settled with slight fractional gains, as May was 18 ¾ cents in the red last week. Kansas City HRW...
- Soybeans Heading Lower on Monday Morning
- The soybean market is trading with 6 to 8 cent losses early on Monday. They slipped into the Friday close as fractional to 3 ¼ cent losses pulled the weekly gains to just 13 ¼ cents for the May contract. Preliminary open interest was down 13,773 contracts on Friday, with...
- Hogs Look to New Week After Friday Strength
- Lean hog futures ended Friday with contracts 85 cents to $1.25 higher. June was up $3.125 last week to close over $100. Preliminary open interest was up 4,688 contracts on Friday, with most of the increase in June. USDA’s national average base hog negotiated price was back up 8 cents...
Local Weather
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