National Newswire


Commentary
Cotton Retreating on Turnaround Tuesday
Cotton futures are down 79 to 109 points so far on Tuesday. The outside factors are adding pressure, with crude oil down another $1.07 and the US dollar index up 198 points. NASS Crop Progress data indicated the US cotton crop ahead of the average development pace, with 64% squaring...
Wheat Mixed at Tuesday’s Midday
Wheat futures are mixed so far through Tuesday’s midday. Chicago futures are fractional to 2 cents in the green. Kansas City contracts are slipping back fractionally to 2 cents. MPLS spring wheat futures are up 1 to 3 cents. Weekly Crop Progress data suggested that 71% of the US winter...
Cattle Mixed on Tuesday
Live cattle are showing slight 7 to 20 cent gains in the front months on Tuesday. Last week’s cash cattle trade centered around $188 in the South, with northern trade at $198. This week’s early activity was mostly just compiling show lists. Feeder cattle are mostly 15 to 45 cent...
Hogs Rallying Hard on Tuesday
Lean hogs are posting $1.10 to $2.50 gains so far on Tuesday. The USDA National Base Hog price was not reported on Tuesday morning citing packer submission issues. The CME Lean Hog Index was $88.42 on July 12, back up 4 cents from the previous day. USDA reported the Tuesday...
Soybeans Holding Higher on Tuesday’s Midday
Soybeans are trading with 12 cent gains in August, as other contracts are up 4 to 6 cents. Soymeal futures are showing a $3.80/ton pop in the August contract. Soy Oil futures are up 38 points. Crop Progress data showed 51% of US soybeans were blooming as of July 14,...
Corn Finding A Spark on Turnaround Tuesday
Corn futures are trading through the Turnaround Tuesday session with contracts 5 to 7 cents higher. Predicted 5 day rain accumulations show 1-2” over the southern portions of the Corn Belt this week. Storms rolled through parts of IA, IL, and IN overnight, bringing with it some strong winds, with...

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