Ag News
USDA
Ag Commentary
- Wheat Falling Despite Slow Harvest and Conditions Slip
- The wheat market is extending the weakness into Tuesday, as futures are falling double digits early across the three exchanges. Wheat failed to see much buying late in the Monday session, as contracts fell by double digits across the three markets. CBT wheat was down 14 to 15 cents. KC...
- Hogs Shift Focus to Tuesday Trade
- Lean hog futures posted gains of 60 to 85 cents on Monday. USDA’s national base hog price was reported at $109.35 on Monday afternoon, down $1.11 from the previous day. The CME Lean Hog Index was up $1.19 at $108.78 on June 19. The weekly CFTC Commitment of Traders report...
- Corn Extending to New Lows Despite Drop in Condition Ratings
- Corn prices are showing 1 to 2 cent losses early on Tuesday morning. Futures ended the Monday session with contracts down 7 to 9 ½ cents. Preliminary open interest was up 32,135 contracts on Monday, excluding July, suggesting new selling interest. The front month CmdtyView national average Cash Corn price...
- Soybeans Weaker on Tuesday Morning
- Soybeans are slipping back another 4 to 6 ½ cents so far on Tuesday. Futures were down 9 to 15 cents across most contracts on Monday, as the bean oil market faced crude oil pressure. The cmdtyView national average Cash Bean price was down 9 1/4 cents at $10.11 1/2....
- Cotton Rallying to Start Tuesday Trade
- Cotton price action is up 28 to 229 points so far on Tuesday morning. Today is first notice day for July Cotton Futures. Futures closed the Monday session mixed, with the nearby contracts down 8 to 17 points and December rallying up 71 points. Crude oil was down $6.70 at...
- Cattle Look to Tuesday Following Mixed Monday Action
- Live Cattle futures settled Monday with contracts slipping back another 25 to 72 cents. Cash trade pulled back last week with $236 ($376 dressed) reported in the north, down $4-6 and $228-231 in the south, $5 lower. Feeder cattle futures closed with slight 35 to 50 cent gains on Monday....