Newswire
Commentary
- Cattle Look to Thursday Trade
- Live cattle futures closed higher on Wednesday, with contracts up 70 cents to $1. Wednesday’s preliminary open interest rose 2,310 contracts on Wednesday. Cash trade started was reported at $229-230 live in the north and dressed at $360-370. A few sales were picked up in KS at $224-227. The Wednesday...
- Cotton Falling Lower on Thursday Morning
- Cotton prices are down 54 to 73 points in early Thursday trade. Futures posted slightly lower trade on Wednesday, with contracts down 3 to 5 points and thin October up 3 points. Crude oil prices were down 70 cents on an inventory build despite a stronger start overnight. The US...
- Soybeans Pulling Off Overnight Lows
- The soybean market is pulling off the sharply lower overnight start, with contracts down 2 to 5 cents on Thursday morning. Soybeans posted gains of 8 to 12 cents across most contracts on Wednesday. The Preliminary ope interest data showed a drop of 4,832 contracts on Wednesday. The cmdtyView Cash...
- Corn Steady on Thursday Morning
- Corn is trading with fractionally mixed action on Thursday AM. Futures posted gains of 6 to 7 ½ cents across most contracts on Wednesday, helped by a weaker US dollar index and a rebound in ethanol production. Preliminary open interest was up 4,587 contracts on Wednesday. The front month CmdtyView...
- Hogs Face Pressure on Wednesday
- Lean hog futures closed out the Wednesday session with contracts 50 cents to $1.02 lower. Preliminary open interest was up 3,377 contracts. USDA’s national average base hog negotiated price was reported at $95.30 on Wednesday afternoon, up $1.90 from the day prior. The CME Lean Hog Index was up another...
- Wheat Sticking Close to Unchanged Early on Thursday
- Wheat is closing back in on steady trade on Thursday morning after overnight weakness. The wheat complex closed out the Wednesday session with gains across the three exchanges, fading from off the midday highs. Chicago SRW futures were 3 to 4 cents in the green. Preliminary open interest was down...
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