Ag Commentary
Wheat Bulls Head South on Friday
Wheat futures closed out the Friday session with contracts down across the three exchanges. Chicago SRW futures were 6 to 6 3/4 cents lower across the board, with Dec expiring. March ended the week on the lower side of last Friday’s close, down a nickel. KC HRW contracts were down...
Cotton Falls on Friday to Close the Week with Losses
Cotton futures ended the Friday session with loses of 71 to 86 points, as March slipped 84 points this week. The outside markets were mixed factors, with the US dollar index up slightly and crude oil shooting $1.07barrel higher. Commitment of Traders data showed a total of 5,840 contracts added...
Cattle Head into the Weekend Mixed
Live cattle futures held gains of 22 cents to $1.52 in the front months on Friday, with deferreds 17 to 25 cents lower. February was up $5.85 on the week spurred by the cash strength. Cash action was at $191-192 trade in the South this week, with trade up to...
Hog Bulls Gain Back Ground on Friday
Lean hog futures rallied to close out the week, with contracts up 97 cents to $1.35 and Dec rolling off the board up 17 cents. February was up just 47 cents this week. The national average base hog negotiated price was reported at $78.93 on Friday afternoon, which was down...
Corn Pressured on Friday, Hold Weekly Gains
Corn futures ended the week on a lower note, as contracts were down 1 ¾ to 2 ¾ cents at the close with Dec rolling off the board. Despite the late week pressure, March was up 2 cents since last Friday. The national average Cash Corn price from cmdtyView was...
Soybeans Fall on Friday
Soybeans ignored the export business reported this morning, as contracts were down 5 3/4 to 8 ¼ cents to close out the day. January ended the week with a loss of 5 ½ cents. CmdtyView’s national front month Cash Bean price was down 7 1/2 cents at $9.39 3/4. Soymeal...