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Commentary
Soybeans Slipping on Friday Morning Trade
Soybeans are trading with 2 to 5 cent losses in early Friday trade. The soybean market posted a mixed Thursday close, as contracts were down 1 ¾ to ½ cent higher. CmdtyView’s national front month Cash Bean price was steady at $9.46 1/2. Soymeal futures were down $1.1 to $1.60/ton...
Cotton Pulling Back Lower on Friday Morning
Cotton price action is heading south this morning, down 68 to 86 points across most front months. Futures posted slightly mixed trade on Thursday, with contracts down 6 point to 5 points higher. The outside markets were pressure factors, with the US dollar index up 310 points and crude oil...
Wheat Hovering Near Unchanged to Start Friday
Wheat is off to a slow start on Friday morning, with contracts sticking close to steady. The wheat complex closed with weakness across the three markets on Thursday. Chicago SRW futures were 4 ¼ to 4 3/4 cents lower across the board. KC HRW contracts were down 4 ¼ to...
Corn Steady to Kick Off Friday
Corn futures are trading near unchanged so far on Friday morning. The corn market closed out the Thursday session with contracts down ½ to 6 ¼ cents, retreating from the early week rally. There were another 107 deliveries issued against December corn futures overnight, with contract expiration today. The national...
Cattle Retreat on Thursday
Live cattle futures reverted lower on Thursday with contracts down 12 cents to $1.22 at the close. Early cash action has seen $191 trade reported in KS this week, with action up to $195-196 in NE reported on Thursday. Thursday morning’s Central Stockyards Fed Cattle Exchange online auction showed $192...
Hogs Sneak Out Thursday Gains
Lean hog futures settled with 5 to 20 cent gains on Thursday. The national average base hog negotiated price was reported at $79.02 on Thursday afternoon, which was down $2.37 from the day prior. The CME Lean Hog Index was reported at $83.61 on December 10, up 28 cents from...

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