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AG Market Commentary
- Wheat Closes with Mixed Trade on Tuesday
- The wheat complex was mixed across the three markets on Tuesday. Chicago SRW wheat was down 3 to 4 cents at the close. KC HRW futures saw fractionally higher trade into the closing bell. MPLS spring wheat saw 2 to 3 cent losses. The Monday afternoon Crop Progress report showed...
- Soybeans Fall on Tuesday
- Soybeans slipped lower at midday, with contracts closing 5 to 6 cents in the red on Tuesday. The cmdtyView national average Cash Bean price was down 4 3/4 cents at $9.56 1/4. Soymeal futures were down $2.20 to $2.70/ton, as Soy Oil was 30 to 43 points higher. President Trump...
- Hogs Closes Mixed on Tuesday
- Lean hog futures were mixed on Tuesday, with contracts up 70 to down 50 cents in most nearbys. July expired today. USDA’s national base hog price was reported at $112.60 on Tuesday afternoon, up $3.02 from the day prior. The CME Lean Hog Index was back up 15 cents at...
- Cattle Rally Back Higher on Tuesday
- Live cattle futures were back to rally mode on Tuesday, with gains of $2.10 to $3.05. Cash trade has yet to get kicked off this week, after strengthening to $228-$230 in the South and $240-241 in the North. Feeder cattle posted a Turnaround Tuesday bounce, with contracts up $2.70 to...
- Corn Holds onto Turnaround Tuesday Strength
- Corn futures held onto gains heading into the Tuesday close, as contracts were up 1 to 2 cents in the nearbys. The front month CmdtyView national average Cash Corn price was up 1 1/4 cents at $3.88 3/4. Crop Progress data from Monday showed steady crop ratings at 74% gd/ex...
- Cotton Pushes Gains to Tuesday’s Close
- Cotton futures popped higher on Tuesday, with contracts closing up 40 to 80 points. Crude oil was down $0.26/barrel at $66.72, with the US dollar index $0.572 higher to $98.335. Weekly Crop Progress data showed condition ratings up 2% to 54% gd/ex, as the Brugler500 index was up 3 points...
Iowa USDA Newswire
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