New Crop Beans Hold +$12 for Close

Soybeans dropped out of the report’s release, but firmed up into the close. New crop futures finished the day above the $12/bu mark with 5 to 8 cent losses. The old crop market also firmed up for the close, but were still down by 11 to 12 ¼ cents for t…

Wheat Fades On NASS Stocks Data

Front month wheat futures firmed up to close off their lows on Friday, but were still red across the board. Chicago prices were nearly a dime off their lows at the bell, but still 6 to 7 ¾ cents lower for the day. KC wheat futures ended the Friday sess…

Mixed Friday for Cattle Futures

Live cattle closed with 17 to 42 cent losses on Friday, though the feeders held onto 27 to 35 cent front month gains. Feb live cattle finished the week with a net 80c gain, while March feeders were a net $3.55 higher. Cash trade remained light this wee…

Hogs Fade into Three Day Weekend

Lean hog futures ended 30 to 70 cents lower on Friday after gapping 30c lower to start the day. That reduced Feb’s weekly gain to $1.90. USDA’s National Average Base Hog price was 53 cents weaker for Friday afternoon, to $44.96. The CME Lean Hog Index …

Double Digit Losses for Corn Futures into 3-Day Weekend

The corn market settled 5 to 6 cents off the lows after a bearish response to USDA data. Prices were still 1.5% to 2.4% in the red for the close. March futures ended the week on a net 13 ¾ cent loss. As a reminder the market is closed on Monday for MLK…

Firm Friday for Cotton

Cotton futures closed red on Friday, but by within 10 points. March prices were rallying into the USDA reports, but fell back to the red after seeing the data. March futures were still 112 points higher for the week. The market will be closed on Monday…