Commentary
Corn Retreats Lower on Tuesday
Corn futures saw a Turnaround Tuesday pull back, as futures fell 1 to 2 cents in the nearbys on the session. The national average Cash Corn price from cmdtyView was down 2 ¼ cents at $4.40. Weekly EIA data will be out on Wednesday morning, with most expecting to see...
Hogs Extend Bounce into Tuesday’s Close
Lean hog futures posted Tuesday gains of 45 cents to $1.20 in most contracts to round out the day. The national average base hog negotiated price was reported at $80.14 on Tuesday afternoon, up $1.00 from the day prior. The CME Lean Hog Index was reported at $80.76 on January...
Cotton Slips Back Lower on Tuesday
Cotton futures closed out the Tuesday session with contracts down 14 to 21 points across most nearby contracts. The outside factors were mixed, as the US dollar index was down 792 points, with crude oil $0.69/barrel lower. The Seam reported 11,823 bales of online sales on January 11 at an...
Cattle Mixed on Tuesday, as Feeders Rally
Live cattle futures settled the Tuesday session with contracts steady to 50 cents lower in most contracts. Cash trade has yet to kick off this week. Last week’s action was reported at $200-201 in the South and sales of $202 and a few up to $205 in the North. Feeder...
Soybeans Pull Back on Turnaround Tuesday
The soybean market posted 5 to 6 cent lower trade in most nearby contracts on Tuesday, as January expired up 1 ½ cents. CmdtyView’s national front month Cash Bean price was down 6 cents at $9.88. Soymeal futures were back down 30 cents to $2/ton on the day. Soy Oil...
Wheat Closes Mixed on Tuesday
Wheat posted mixed action on Tuesday, hard red contracts the weakest and soft market the strongest. Chicago SRW futures were up 1 to 2 cents on the session. KC HRW settled with fractional losses on Tuesday. MPLS spring wheat futures were down 3 to 4 cents in most front months...

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