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AG Market Commentary
- Soybeans Fall to Start the Week, as Ratings Improve
- Soybeans closed the Monday session with contracts down 9 to 10 cents. The cmdtyView national average new crop Cash Bean price was down 10 1/2 cents at $9.59 1/4. Soymeal futures were fading lower on Monday, with contracts $1.60 to $2.90. Soy Oil was 1 to 27 points higher on...
- Wheat Closes Mixed on Monday
- The wheat complex closed out the Monday session with contracts mixed. Chicago SRW futures were fractionally higher across most contracts. KC contracts faded off the midday gains, with fractional to penny losses on Monday. MPLS spring wheat was down 2 to 3 1/4 cents across most contracts. Crop Progress data...
- Corn Bears Hold onto Losses at Monday’s Close
- Corn futures closed out the Monday session holding to their bearish sentiment from earlier in the day. Contracts were down 5 to 6 cents at the close. The CmdtyView national average new crop Cash Corn price was down 5 1/4 cents at $3.71 3/4. USDA reported a private export sale...
- Cattle Closed with Monday Strength
- Live cattle futures started out Monday with a gap higher and closed with gains of $1.40 to $1.87 on the session. Cash activity settled in at $230-232 in the South last week, with $240-245 in the North. Feeder cattle futures closed out Monday with $2.15 to $2.35 gains in the...
- Hogs Settle Monday Mixed
- Lean hog futures were down 17 cents in the nearby August contract, as other months were up 27 to 65 cents. USDA’s national base hog price had a weighted average of $111.35 in the Monday PM report, up $1.08 from the previous report. The CME Lean Hog Index was up...
- Cotton Pop Higher on Monday, USDA Shows Drop in Ratings
- Cotton futures closed out the Monday session with contracts up 11 to 39 points. Crude oil futures were $1.79/barrel higher. The US dollar index was rallying, up $0.996 to $98.295. Weekly Crop Progress data indicated 80% of the US cotton crop was squaring as of July 27, with 44% setting...
Iowa USDA Newswire
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