Headlines
Commentary
- Soybeans Collapsing on RVO Rumors and Bean Oil Limit Losses
- Soybeans are posting losses of 25 to 30 cents so far on the Thursday session, Pressured by losses in bean oil. The cmdtyView Cash Bean price was up 5 cents to $10.27 3/4. Soymeal futures are up $2.90/ton on the day, with Soy Oil futures down the 3 cent limit....
- Cotton Slipping Lower at Midday
- Cotton futures are down 20 to 30 points as the market trades through midday. Crude oil prices are trading with losses of $1.36/barrel. The US dollar index is back down $0.108 to $100.765. USDA’s Export Sales report indicated a total of 122,192 RB of 2024/25 upland cotton sold in the...
- Hogs Rebounding Higher on Thursday
- Lean hog futures are trading with contracts 87 cent to $1.12 higher at midday. USDA’s national average base hog negotiated price was not reported on Thursday morning, with the 5-day rolling average at $94.17. The CME Lean Hog Index was up 46 cents on May 13, at $90.77. Pork export...
- Corn Holding Mixed Trade at Midday
- The corn market is mixed on Thursday with July up a penny, as Export Sales data was supportive, with other new crop contracts down 3 cents. The nearby CmdtyView national average Cash Corn price is up 1 ¼ cents at $4.18. Export Sales data from this morning showed corn bookings...
- Cattle Extending Losses into Thursday
- Live cattle futures are extending the pullback on Thursday with midday losses of $1.80 to $2.80. Cash action icked off on Thursday morning, with Southern sales of $218-220, steady, and $229 in the north. The Thursday morning Fed Cattle Exchange Online auction from Central Stockyards saw sales on 558 of...
- Wheat Continuing Bounce on Thursday
- The wheat market is continuing to bounce on Thursday, with all three exchanges heading higher. Chicago SRW futures are up 5 to 6 cents so far at midday. Kansas City HRW futures are showing 2 to 3 cent gains as we trade through the session. Minneapolis spring wheat futures are...