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National Newswire


Commentary
Soybean Rally Led by New Crop as Drier Forecast Emerges
Soybeans closed out their strong overnight start on Monday with gains of 20 ½ cents in August to 32 ¾ in the November contract. Soymeal futures were up $7.10 to $9.40 per ton in the nearbys. Soy Oil futures settled with gains of 27 to 44 points on the day....
Wheat Posts Gains as Spring Wheat Leads the Way
Wheat futures faced some early and midday pressure but followed the Minneapolis complex to post gains on Monday. MPLS spring wheat was up 6 to 13 cents across most contracts. Chicago futures were 4 to 5 ½ cents in the green at the close. Kansas City contracts were the weak...
Cattle End with Strength on Monday
Live cattle futures came out of the Cattle on Feed report from Friday with gains of 82 cents to $1.325. Last week’s cash trade was 187-188.50 across the south last week, down $1 to 50 cents higher from the previous week. In the north, trade was $196-198, steady to down...
Corn Rallies on Monday, USDA Shows Drop to Conditions
Corn futures started off the week in rally mode, as contracts closed with 9 to 11 cent gains across the front months on Monday. A drier forecast across much of the Corn Belt as we get into full pollination mode and into grain fill, supported the market. This afternoon’s Crop...
Cotton Slips Marginally Lower On Monday
Cotton futures were down 5 to 10 points across the nearby contracts on Monday. Crude oil was down 40 cents per barrel to add some pressure via the synthetic fiber market. Monday afternoon’s Crop Progress report tallied 81% of the US cotton crop squaring, 5% faster than the normal squaring...
Hogs See Front Month Strength Led Higher with Support from the Pork Cutout
Lean hogs closed out the Monday session with contracts up 80 cents to $1.42. The USDA National Base Hog price was reported at $84.04 on Monday afternoon, up $1.62 from the day prior. The CME Lean Hog Index was $89.71 on July 18, up 44 cents from the previous day....

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