I discussed the recent action in the wheat, soybean, and corn markets on AgWeb's Market's Now with Michelle Rook today. We also talked about the cattle markets and gold.
Milk futures and cash dairy prices were lower again Wednesday on the Chicago Mercantile Exchange. May Class III milk was down $0.35 at $17.78. June was down $0.31 at $17.91. July was down $0.23 at $18.31. August was down $0.23 at $18.52. September through November contracts ranged from thirteen cents...
Corn futures extended the front month losses into the close, as contracts through Dec were down 2 to 5 ¼ cents. For 2025 contracts and beyond, trade closed with contracts with in 1 ¾ cents on either side of unchanged. EIA’s weekly petroleum report tallied ethanol production at 954,000 barrels...
Lean hogs closed the midweek session with contracts a dime to $1.22 lower, as August was the lone exception, up a nickel. USDA’s National Average Base Hog negotiated price was down 36 cents on Wednesday afternoon, at $91.49. The CME Lean Hog Index was up 14 cents on April 22...
The wheat complex is continuing to lead the grains bull charge this week. Kansas City futures were up 10 ¾ to 16 ¾ cents on the session. Chicago contracts were up 9 ½ to 12 cents at the close. Spring wheat futures were 9 ¼ to 13 ¼ cents higher...
Live cattle ended the day with weakness, as contracts were down $1.20 to $2.12 on Wednesday. This morning’s Fed Cattle Exchange auction saw no sales on the 894 head listed, with bids of $181 and asks of $184. A few cash sales in the South popped up today at $182,...
Cotton futures were down anywhere from 39 to 187 points on Wednesday. The outside market influences put pressure on the market, with crude oil down 54 cents/barrel and the UD dollar index up 160 points. Export Sales data will be released on Thursday morning. ICE certified cotton stocks were up...
Soybeans faded the earlier morning strength, as contracts were mixed but well off the highs. Futures closed with contracts anywhere from down 1 ½ to up a penny. Soymeal posted some strength on the day, with contracts 80 cents to $3.70/ton higher. Soy Oil was back down to close with...
MIAMI – More than 30 days out from the official start of the Atlantic hurricane season, the National Hurricane Center is tracking the first feature of the year. However, like many off-season developments, it will likely just be a meteorological wonder.The NHC gave the area of low pressure, which is...
The NYSE and Nasdaq had 75 52-week highs and 109 52-week lows. The good news is that the NYSE had more highs than lows on Wednesday, while the Nasdaq did not.
A market analyst reminds farmers there could be marketing opportunities ahead for July corn futures. Naomi Blohm, senior market advisor at Total Farm Marketing, tells Brownfield fifteen of the past 24 years the “summer high” has come in June. “Sometimes the high occurs early in June, sometimes it’s in conjunction...
At the Chicago Mercantile Exchange, live and feeder cattle were sharply lower with boxed beef lower at midday, watching direct business unfold. June lives closed $1.90 lower at $175.25 and August lives closed $2.12 lower at $173.37. May feeders closed $1.95 lower at $244.10 and August feeders closed $3.10 lower...