Headlines


Commentary
Cotton Head Lower After Stocks Revised Higher
Cotton closed out Wednesday following some pressure from USDA data, as contracts were down 46 to 99 points. The US Dollar Index was down 494 points on the day. CPI data came in at an annualized rate of 3.3% for May, below the 3.4% estimate and 3.4% from April. Core...
Hogs Post Rebound on Wednesday
Lean hog futures closed the Wednesday trading session with gains of 7 cents to $1.42. The CME Lean Hog Index was down 20 cents at $91.32 on June 10. USDA showed the National Base Hog weighted average price at $87.59 on Wednesday morning, up 9 cents from the day prior....
Cattle Fall on Wednesday
Live cattle futures slipped lower on Wednesday, with losses of a dime to 67 cents. June cattle are in deliveries, but none have been served, with the oldest long in line dated November 7, 2023. Cash trade activity so far has mostly consisted of collecting show lists, with a few...
Soybeans Slip into Close, Following USDA Release
Soybeans fell lower on the midweek session, pressed lower by a less than bull friendly USDA revision. Contracts closed with losses of ¾ cent in July to 7 ¾ cents lower in the back months. Soymeal futures were mixed, with July up 90 cents/ton and other contracts down $1 to...
Wheat Falls on Wednesday, Despite a Few Friendly USDA Numbers
Wheat futures sold some of the bull facts on Wednesday, as several contracts were down double digits across the three exchanges. Chicago futures were down 5 to 11 1/2 cents, led by the front months. KC HRW was 6 1/4 to 17 3/4 cents lower across the board. MPLS spring...
Corn Bulls Muster Strength into Close, Despite Uneventful USDA Report
Corn futures faded out of the USDA report, there was little news on the US side, and less bull friendly World numbers. However, bulls found some late session strength, with contracts closing steady in some deferred contracts to up 4 ¾ cents in the front month July. EIA data from...