Commentary
- Hogs Post Gains on Friday
- Lean hog futures closed the Friday session with contracts up 57 cents to $1.22, as April was 50 cents lower over the course of the week. The USDA national average base hog negotiated price was reported at $88.40 on Friday afternoon, down 99 cents from the day prior. The CME...
- Cotton Falls Weaker on Friday
- Cotton futures closed the Friday session with contracts falling back 70 to 81 points on the day. May closed the week slipping 210 points since last Friday. The outside factors were mixed, with crude oil futures up 30 cents/barrel and the US dollar index $0.293 higher on the day. Cotton...
- Soybeans End the Week with Losses
- Soybean futures posted slight losses on Friday, pulling off the lows into the close to settle with 2 to 4 cent losses. May was 6 ¼ cents lower throughout the week, with new crop November lipping 10 ¼ cents. CmdtyView’s national front month Cash Bean price was back down 2...
- Corn Closes the Week with Friday Losses
- Corn futures closed the week on Friday with losses of 2 to 5 cents across most front months. Despite the Friday losses, May saw a 5 ¾ cent gain on the week. New crop held steady, as the trade range narrows ahead of the Prospective Plantings report on the 31st...
- Cattle Futures Ignore Cash Strength, with Position Squaring Ahead of the CoF Report
- Live cattle futures faded into the Friday close, settling down $1.52 to $2.47 on the day, as traders were lightning up ahead of the monthly Cattle on Feed report. Cash trade was on the move on Friday, up $7-8 from last week in the South at $210. Northern business came...
- Wheat Firms into the Close to Settle the Week with Gains
- The wheat complex was choppy on the Friday trade, as bulls came out on top to end the session. Chicago SRW futures closed the session with gains of a penny in the nearbys and May up jist 1 ¼ cent on the week. Kansas City HRW contracts posted front month...
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