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Market Commentary
Soybeans Rally into Thursday’s Close, with Bean Oil Support
Soybeans posted strength into the Thursday close, as contracts were up 8 to 13 cents. CmdtyView’s national front month Cash Bean price was up 15 1/4 cents at $10.06 ¾. Soymeal futures were down $1.20 to $2.10/ton, as Soy Oil futures were up 103 to 174 points on the session....
Corn Posts Thursday Pop Higher
Corn futures closed out Thursday trade with contracts up 2 to 5 ¼ cents, bouncing from recent weakness. The nearby CmdtyView national average Cash Corn price was up 5 1/2 cents at $4.50 1/2. The CBOT is raising daily price limits for corn futures by a nickel to 35 cents,...
Cattle Continuing Gains on Thursday
Live cattle futures are extending the recent strength on Thursday with gains of 25 cents to $1.075. Cash trade has been quiet so far this week. This morning’s Fed Cattle Exchange online auction from Central Stockyards showed no sales on the 1,346 head listed, with bids at $207-207.50. Feeder cattle...
Hogs Trading Mostly Lower on Thursday
Lean hog futures show mixed trade on Thursday with May up a tick and other contracts down 30 to 40 cents. USDA’s national average base hog negotiated price was down $1.37 from the day prior at $90.22 on Thursday morning. The CME Lean Hog Index was up another 67 cents...
Wheat Facing Midday Weakness
The wheat market is holding weaker as futures trade through the Thursday session. Chicago SRW futures are 1 to 2 cents lower at midday. Kansas City HRW contracts are showing 1 to 2 cent weaker trade on Thursday. MPLS spring wheat is trading with 1 to 2 cent losses. Rains...
Corn Posting Midday Gains on Thursday
Corn futures are showing a round of strength on Thursday, with front months up 4 to 5 cents and new crop December steady. The nearby CmdtyView national average Cash Corn price is up 5 1/2 cents at $4.50 1/4. Outside support from a bounce higher in the crude oil market...

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