Beans Finished in Black, Propped Up by Soy Oil

Soy oil futures led the beans higher with 1.3% to 1.4% gains on the day. Soybean futures were 2 to 5 ½ cents higher at the close, ended 0.2% to 0.5% in the black for the day. Soymeal futures closed $0.90 in the red. The weekly Export Inspections data h…

Tuesday Gains in Cotton Market

Front month cotton futures were 11 to 31 points higher on Tuesday. That left the March contract at a net 54 point gain for the day. Dec remains at a net 128 point discount to the March contract. Monthly cotton shipments were shown at 557,636 bales for …

Hogs Extend Rally on Tuesday

Front month lean hog futures were $0.27 to $1.27 higher on the day. That left the Feb contract at a net weekly gain of $1.87. USDA’s National Average Base Hog price was 41 cents stronger on Tuesday afternoon to $45.31. The CME Lean Hog Index was $65.74…

Corn Rallies on Tuesday

The Tuesday corn market finished with 3 ½ to 4 ¼ cent gains as March ended just 1 ¼ cents off the session high. The turnaround Tuesday session ended with March sitting a net 1 ½ cents weaker for the week. Dec was a 33 ½ cent premium to the March contra…

Cattle Close Mostly Firmer on Tuesday

Front month fat cattle futures were 32 to 82 cents stronger on Tuesday. Feeders were mixed with Jan and Mar down by as much as 20c while the deferred months strengthened by 25 to 55 cents. There were no cash cattle sales confirmed for Monday or Tuesday…

Double Digit Turnaround Tuesday in Wheat Futures

Wheat futures closed the session with double digit rallies for winter wheat, though 2 to 3 cent gains for HRS. SRW closed 12 ½ to 13 ¾ cents higher with gains of over 2%, leaving the March contract at a net weekly 6 cent loss. KC wheat ended with Tuesd…