- Monday Hog Trade Falls $3
- Lean hog futures were $2.82 to $3.75 lower on Monday. That left December at $80.60 with ~3 weeks left to trade. Feb hogs printed a new low for the month of November. The USDA National Average Base Hog Price was 27 cents higher at $83.22. The CME Lean Hog Index...
- Tuesday Strength from AM Cotton Trades
- So far into the Tuesday session, futures are back up by triple digits past the Dec. Cotton futures began the new week with losses. Dec held firm near the day’s low for most of the session, while the other front months attempted an intra-day comeback. Futures ultimately could not hold...
- Monday Weakness from Cattle Futures
- Live cattle futures faded 30 to 52 cents on the first trade day of the new week. That left December at $152.57 with December options expiring Friday and First Notice Day next Monday (12/5). Cash trade was not sufficient to establish a trend on Monday. Last week USDA saw $154-155...
- Mixed Morning into Tuesday for Wheat
- So far for the Tuesday session the wheat futures are trading both directions as the AM is working to offset the overnight movements. Domestic wheat futures dropped on Monday with +1% losses at the bell. CBT futures were down as much as 25 1/4 cents at the day’s low, and...
- Beans Fractionally Higher Thus Far
- Soybeans are trading with fractional gains after an overnight range of 19 cents (-8 1/4 to +9 3/4 (Jan)). The new week started with >1% gains across the soy complex. Beans rallied 15 3/4 to 21 cents across the front months as Jan settled 1.46% in the black. Meal prices...
- Contested Overnight has Red Corn into Tuesday
- Overnight trading has the corn board setting 1 1/2 to 2 1/2 cents in the red so far for early Tuesday. On Monday, futures were mixed and within a penny of UNCH. Dec did end higher, which reduced carry to March to 2 1/2 cents. March is now a 1...
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August USDA Report
USDA pegs wheat ending stocks 29 million bushels lower off an increase in exports.Yield per acre was raised slightly as well from 47.3 to 47.5 bushels.
Soybean stocks finished 15 million bushels higher. This was mainly driven by a 26 million bushel projected increase in soybean production.
Corn was the biggest mover in ending stocks on this report. The USDA pegged its ending stocks 82 million bushels lower at 1388 million. Once again this was mainly driven by a change to production projections.
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