Ag News
USDA
Ag Commentary
- Soybeans Starting Wednesday with Weakness
- Soybeans are continuing their descent, with losses of 3 to 4 ½ cents. Futures were under pressure for much of Tuesday, with contracts down 2 to 7 cents at the close. Preliminary open interest was down 6,135 contracts on Tuesday, mainly due to a 15,821 drop in August ahead of...
- Wheat Showing Wednesday Morning Losses
- The wheat complex is down across the winter wheat markets on Wednesday, with MPLS trying to hold up. Wheat was under pressure on Tuesday, as contracts closed with losses across the three markets. Chicago SRW futures were 8 to 9 cents in the red at the close. Tuesday’s preliminary open...
- Cotton Weakness Continues on Wednesday Morning
- Cotton price action is down 45 to 49 points across most contracts early on Wednesday. Futures rounded out the Tuesday session under pressure, with contracts down 67 to 110 points. Pressure came from a $0.295 gain in the US dollar index to $98.690. Crude oil futures were $2.57/barrel higher. Weekly...
- Hogs Bulls Look to Correct Tuesday’s Weakness
- Lean hog futures saw losses of $1.27 to $2.15 across most contracts on Tuesday. USDA’s national base hog price was up 79 cents on Tuesday afternoon, at $112.14. The CME Lean Hog Index was up 2 cents at $110.30 on July 25. USDA’s Tuesday PM FOB plant pork cutout value...
- Corn Holding Steady on Wednesday Morning
- Corn futures are steady so far on Wednesday AM trade, with contracts fractionally mixed. Bulls missed the turnaround part of the Tuesday session, as futures closed with losses of 3 to 5 cents. Preliminary open interest was up 28,273 contracts on Tuesday. The CmdtyView national average new crop Cash Corn...
- Cattle Look to Wednesday Following New All Time Highs
- Live cattle futures closed the Tuesday session $1.40 to $1.85 higher across most contracts. Cash activity settled in at $230-232 in the South last week, with $240-245 in the North. Feeder cattle futures settled Tuesday trade with contracts up $2.50 to $2.70 at the final bell. The CME Feeder Cattle...