Hogs Face Weakness on Thursday
Hogs Face Weakness on Thursday
Lean hog futures pulled back on Thursday with contracts down 47 cents to $1. USDA’s national base hog price from Thursday morning was reported at $91.47, down $1.95 from the…
Cattle Continue Higher on Thursday
Cattle Continue Higher on Thursday
Live cattle futures closed with 80 cent to $1.77 gains on Thursday. There were no new delivers against October live cattle on Thursday. Cash trade started to pick up at $240…
Wheat Sees Mixed Action on Thursday
Wheat Sees Mixed Action on Thursday
The wheat complex was mixed on Thursday, with the winter wheat contracts leading the bulls and spring wheat leading the bears. CBT soft red wheat futures were 3 to 4…
Wheat Mostly Higher at Midday
Wheat Mostly Higher at Midday
The wheat markets are showing midday gains in the winter wheat contracts on Thursday, with spring wheat showing weakness. CBT soft red wheat futures are 4 to 5 cents higher…
Dollar Weakness Sparks Short Covering in Sugar Futures
Dollar Weakness Sparks Short Covering in Sugar Futures
October NY world sugar #11 (SBV24) today is up +0.05 (+0.28%), and Oct London ICE white sugar #5 (SWV24) is up +2.90 (+0.56%).Sugar prices today recovered from early losses and…
Dollar Falls and Gold Surges on Fed Rate Cut Expectations
Dollar Falls and Gold Surges on Fed Rate Cut Expectations
The dollar index (DXY00) on Thursday fell by -0.47% and posted a 1-week low. Dovish Fed comments weighed on the dollar Thursday after Fed Governor Christopher Waller said the Fed…
Soybeans Posting Gains at Thursday’s Midday
Soybeans Posting Gains at Thursday’s Midday
Soybeans are 5 to 6 cents higher across the front months at Thursday’s midday. The cmdtyView national average Cash Bean price is 6 cents higher at $9.38 3/4. Soymeal futures are up…
Cattle Strength Extending to Thursday
Cattle Strength Extending to Thursday
Live cattle futures are up 70 cents to $1.52 on Thursday. There were 7 of the previous 10 deliveries retendered against October live cattle for Amarillo on Wednesday. Cash trade has…
Dollar Falls and Gold Surges on Dovish Fed Comments
Dollar Falls and Gold Surges on Dovish Fed Comments
The dollar index (DXY00) today is down by -0.21% and posted a 1-week low. Dovish Fed comments today weighed on the dollar after Fed Governor Christopher Waller said the Fed…
Hogs Slipping Back Lower at Midday
Hogs Slipping Back Lower at Midday
Lean hog futures are trading with 25 to 80 cent losses across most contracts at midday. USDA’s national base hog price from Thursday morning was reported at $91.56, down $3.56…
Corn Bulls Gaining Back Some Steam on Wednesday
Corn Bulls Gaining Back Some Steam on Wednesday
The corn market is trading with 4 to 5 cent gains across most contracts on Wednesday. The CmdtyView national average Cash Corn price is up 4 ¾ cents at $3.75 1/4. EIA…
Crude Prices Slip on the Outlook for Ample Global Supplies
Crude Prices Slip on the Outlook for Ample Global Supplies
November WTI crude oil (CLX25) on Wednesday closed down -0.43 (-0.73%), and November RBOB gasoline (RBX25) closed up +0.0058 (+0.32%).Crude oil and gasoline prices settled mixed on Wednesday. Crude remains…