Cotton futures were weaker on Wednesday, with contracts down 37 to 53 points across the nearbys. The US dollar index was up $0.392 on the day to $96.640. The Fed cut rates by 25 basis points, as expected on Wednesday. Crude oil futures were $0.59 lower. The Seam reported 909...
Live cattle futures were down $2.35 to $2.65 across the front months to close out Wednesday. Cash trade has yet to get kicked off this week. A few Southern sales were being reported at $239 on Wednesday. This morning’s Fed Cattle Exchange online auction from Central Stockyards saw no sales...
Corn futures closed out Wednesday with losses of 2 to 3 cents across the front months. The CmdtyView national average Cash Corn price was down 2 3/4 cents at $3.82 ¼. The weekly EIA report showed ethanol production dropping 50,000 barrels per day in the week ending on September 12...
The wheat complex gave back some of the Tuesday gains, with contracts falling lower across the three markets. CBT soft red wheat futures posted 5 to 6 cent losses. KC HRW futures fell back 7 to 8 cents. MPLS spring wheat futures were down 2 to 3 cents in the...
Lean hog futures eased back lower on Wednesday, with contracts down a nickel to 60 cents. USDA’s national base hog report from Wednesday afternoon was reported at $106.71, up 42 cents from the day prior. The CME Lean Hog Index was down 14 cents on September 15 at $106.00. USDA’s...
Soybeans posted 6 to 7 cent losses in the front months at the close. The cmdtyView national average Cash Bean price was down 5 1/2 cents at $9.67. Soymeal futures were down 40 cents to $1.90 in the front months with contracts up a dime to $1.60. Soy Oil futures...
Highly pathogenic avian influenza has been detected in a Minnesota commercial turkey flock. The Minnesota Department of Agriculture says the detection in Redwood County marks the first time the virus has affected the state since April. The flock of 20,000 toms showed signs of increased mortality, and HPAI was confirmed...
A southwest Iowa farmer is confident fungicide will pay off this year. Mark Peterson of Stanton says disease pressure was high in corn. “I am hoping that we will be fairly well blessed, and I think we will be. I did put fungicide on all of my corn, I don’t...
At the Chicago Mercantile Exchange, live and feeder cattle were sharply lower, pressured by the recent declines in boxed beef prices and ahead of this week’s direct business and Cattle on Feed report. October live cattle closed $2.35 lower at $231.10 and December live cattle closed $2.47 lower at $232.67. ...
The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed down -0.10%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.57%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.21%. September E-mini S&P futures (ESU25 ) fell -0.09%, and September E-mini Nasdaq futures...
Soybeans were lower on profit taking and technical selling. Beans are watching U.S. harvest activity and anticipating generally good near-term progress. There’s been some rain in parts of the region with more in the forecast later this week, but coverage and totals remain uncertain. The trade is also monitoring planting...
The chief economist with the National Corn Growers Association says a new study conducted in partnership with the Renewable Fuels Association shows expanding consumer access to E15 nationwide, year-round, would dynamically boost the American economy. Krista Swanson says full implementation would bring nearly $26 billion to the U.S. gross domestic...
Dec. corn $4.26 and 3/4, down 2 and 3/4 centsNov. soybeans $10.43 and 3/4, down 6 centsOct. soybean meal $283.90, down $1.90Oct. soybean oil 51.24, down 145 pointsDec. Chicago wheat $5.28 and 1/4, down 5 and 3/4 centsOct. live cattle $231.15, down $2.35Oct. feeder cattle $349.12, down $5.17Oct. lean hogs...