Ag News
USDA
Ag Commentary
- Cattle Post Triple Digit Gains on Thursday
- Live cattle futures closed with Thursday gains of 22 cents to $1.37 on the day. Cash trade has shown sales of $180-182 reported in the South this week, steady to $1 higher from last week, with the North steady at $181. Thursday’s Fed Cattle Exchange showed 2 lots sold at...
- Wheat Closes Mixed, With Spring Wheat Pulling Out Gains
- Wheat futures were mixed across the three main exchanges on Thursday, with the winter wheats feeling pressure. Chicago SRW futures ended the day with fractional to 1 cent losses. KC HRW posted losses of ¼ to 2 ¼ cents. MPLS spring wheat was up 3 ¼ to 5 ¾ cents...
- Cotton Posts Gains After Bull Friendly USDA Data
- Cotton futures settled the Thursday session with gains of 14 to 77 points, following US production cut from USDA. The dollar index was down 298 points, with crude oil futures back up $1.93/barrel to help support the market. Export Sales data showed 116,052 RB of cotton sold for export in...
- Hogs Slip Lower on Weaker Negotiated Cash Hogs
- Lean hog futures closed the Thursday session with contracts down a dime to 85 cents on the day. The national average base hog price was reported at $76.00 on Thursday morning, down $1.25 from the previous afternoon. The CME Lean Hog Index was $85.46 on September 10, down a dime...
- Corn Closes Green Despite Midday Pressure
- Corn futures came out of the USDA reports in sell mode, but closed with a rally in the last hour and a half of trading. Contracts ended the day with steady to 1 ¼ cent firmer action on Report Day. The monthly Crop Production report showed a 0.5 bpa increase...
- Soybeans Settle with Double Digit Gains
- Soybeans closed out the Thursday session with contracts rallying from the slight midday gains. Futures settled the day with gains of 7 to 11 ¾ cents. Soymeal futures were up $1.90 to $3.20/ton at the closing bell. Soy Oil futures ended the trading day with contracts rallying 34 to 55...