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National Newswire
Commentary
- Hogs Rebound on Thursday
- Lean hog futures posted gains on Thursday, with contracts up $1.67 to $1.85 in the nearbys. USDA’s national average base hog negotiated price was reported at $94.79 on Thursday afternoon, up $1.18 from the week prior. The CME Lean Hog Index was up 46 cents on May 13, at $90.77....
- Cotton Closes Weaker but Pulls Off Lows
- Cotton futures pulled back off the lows on Thursday, closing with losses of 5 to 10 points. Crude oil prices posted losses of $1.43/barrel. The US dollar index was back down $0.193 to $100.680. USDA’s Export Sales report indicated a total of 122,192 RB of 2024/25 upland cotton sold in...
- Wheat Posts Thursday Strength
- The wheat market posted higher trade on Thursday, with all three exchanges gaining steam. Chicago SRW futures were up 7 to 8 cents across most contracts at the close. Kansas City HRW futures saw contracts close 5 to 6 cents higher. Minneapolis spring wheat futures posted gains of 2 to...
- Soybeans Collapse on Thursday with RVO Rumors and Bean Oil Limit Losses
- Soybeans were under pressure for much of the Thursday session with contracts down 25 to 28 cents at the close, pressured by losses in bean oil. The cmdtyView Cash Bean price was down 25 cents to $10.02. Soymeal futures were up $4.40/ton on the day, with Soy Oil futures down...
- Cattle Collapse Continues on Thursday
- Live cattle futures were pushing the pullback to Thursday, with contracts falling $2.77 to $3.82. Profit taking and technical pressure was takes part of the blame. Cash action kicked off on Thursday, with Southern sales of $218-220, steady, and $229 in the north. The Thursday morning Fed Cattle Exchange Online...
- Corn Closes Mixed on Thursday
- The corn market closed the Thursday session with July up 3 cents, as Export Sales data was supportive. New crop contracts were down 1 to 3 cents. The nearby CmdtyView national average Cash Corn price was up 3 ¼ cents at $4.20. Export Sales data from this morning showed corn...
Market Snapshot
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