Commentary
- Cotton Extending Strength to Friday Morning
- Cotton price action is up 1 to 14 points early on Friday. Futures posted Thursday gains of 14 to 40 points in the front months, with May down 145 points on first notice day. The outside markets were supportive, with crude oil futures back up 50 cents/barrel and the US...
- Wheat Getting Some Buying Early on Friday
- Wheat is trading with contracts higher, led be spring wheat futures. The wheat market closed the Thursday session with contracts steady to slightly higher across the three markets. Chicago SRW futures were 1 to 2 cents higher at the close at midday. Kansas City HRW contracts saw stead to fractionally...
- Cattle Shift Focus to Friday Trade After Mixed Thursday
- Live cattle futures closed Thursday mixed, with most nearby contracts within a quarter of unch, and April up 80 cents. Preliminary open interest was up 3,533 contracts on Thursday. Cash trade has been quiet so far this week, with light $210 action in KS. Thursday morning’s Fed Cattle Exchange online...
- Corn Mixed to Start Friday Trade
- Corn prices are trading in either side of unchanged early on Friday, with contracts within a penny of unchanged. Futures closed out Thursday trade with contracts up 2 to 5 ¼ cents, bouncing from recent weakness. Preliminary open interest was down 26,893 contracts on Thursday, as 35,687 contracts were out...
- Soybeans Back to Mixed Action Following Overnight Trade
- The soybean market is trading mixed action to start Friday, with nearbys slight lower and new crop ticking higher. Soybeans posted strength into the Thursday close, as contracts were up 8 to 13 cents. Preliminary open interest showed a rotation of ownership, down just 65 contracts. CmdtyView’s national front month...
- Hogs Look to Round Out Week After Pullback on Thursday
- Lean hog futures settled the Thursday session with contracts mixed, as nearby May was up 7 cents and other contracts down 20 to 25 cents. Preliminary open interest was up 1,507 contracts. USDA’s national average base hog negotiated price was down 56 cents from the day prior at $90.22 on...
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