Hogs Hold onto Gains on Wednesday
Hogs Hold onto Gains on Wednesday
Lean hog futures were 25 to 45 cents higher on Wednesday. USDA’s national base hog price from Wednesday afternoon was reported at $93.42, up 37 cents from the day prior.…
Hogs Ticking Higher at Midday
Hogs Ticking Higher at Midday
Lean hog futures are trading with steady to 35 cent higher action across the front months on Wednesday. USDA’s national base hog price from Wednesday morning was reported at $95.12.…
Wheat Posts Marginal Losses on Wednesday
Wheat Posts Marginal Losses on Wednesday
The wheat markets were trying to pull back to the higher side on Wednesday, though contracts leaked lower at the close. CBT soft red wheat futures were down 1 to…
Cattle Pull Off Intraday Lows to Close Mixed
Cattle Pull Off Intraday Lows to Close Mixed
Live cattle futures rounded out the Wednesday session with 20 to 35 cent gains. There were 7 of the previous 10 deliveries retendered against October live cattle for Amarillo on Wednesday.…
Corn Bulls Hold Gains on Wednesday
Corn Bulls Hold Gains on Wednesday
The corn market was 3 to 4 cents across most contracts on Wednesday. The CmdtyView national average Cash Corn price was up 3 ¾ cents at $3.74. EIA data will be pushed…
Cotton Bulls Pushing Higher on Wednesday
Cotton Bulls Pushing Higher on Wednesday
Cotton futures are showing a rally on Wednesday, up 53 to 64 points a midday. The US dollar index is back down $0.315 on Tuesday to $98.495, with crude oil $0.19/barrel…
Expectations of Abundant Global Supplies Weighs on Sugar Prices
Expectations of Abundant Global Supplies Weighs on Sugar Prices
March NY world sugar #11 (SBH26) today is down -0.23 (-1.45%), and December London ICE white sugar #5 (SWZ25) is down -11.20 (-2.48%).Sugar prices are under pressure today but remain…
Dollar Declines and Gold Soars on Expectations of Fed Rate Cuts
Dollar Declines and Gold Soars on Expectations of Fed Rate Cuts
The dollar index (DXY00) on Wednesday fell by -0.28%. The dollar moved lower on Wednesday after dovish comments from Boston Fed President Susan Collins reinforced expectations that the Fed will…
Sugar Prices Fall on the Outlook for Abundant Supplies
Sugar Prices Fall on the Outlook for Abundant Supplies
March NY world sugar #11 (SBH26) on Wednesday closed down -0.19 (-1.20%), and December London ICE white sugar #5 (SWZ25) closed down -10.70 (-2.37%).Sugar prices settled lower on Wednesday but…
Cotton Bounce Higher on the Midweek Session
Cotton Bounce Higher on the Midweek Session
Cotton futures saw a turnaround on Wednesday, with contracts closing 20 to 25 point gains across the front months. The US dollar index was back down $0.400 on Tuesday to $98.410,…
Cattle Bulls Taking a Breather on Wednesday
Cattle Bulls Taking a Breather on Wednesday
Live cattle futures are slipping back 12 to 47 cents at midday. There were 10 deliveries tendered against October live cattle for Amarillo on Tuesday. Cash trade has yet to be…
Soybeans Shows Steady Trade on Wednesday
Soybeans Shows Steady Trade on Wednesday
Soybeans were back and forth on Wednesday, with contracts steady to fractionally higher at the close. The cmdtyView national average Cash Bean price was 1/4 cent higher at $9.32 3/4. Soymeal futures…