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Oklahoma USDA Newswire
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Commentary
- Corn Mixed to Kick Off the Midweek Session
- Corn price action is mixed to start Wednesday trade. Futures ended the Tuesday session down 2 to 7 cents across the nearbys, as pressure came from wheat and some calming Black Sea tensions. Preliminary open interest on Tuesday saw net new selling, up 17,891 contracts. The CmdtyView national average Cash...
- Cattle Settle with Mixed Action on Tuesday
- Live cattle futures closed the Tuesday session with 17 to 47 cent gains in the nearbys and other contracts lower. Preliminary open interest was up 4,273 contracts. The cash market has been quiet to start the week. Last week’s cash movement was up $7-8 to $210 in the South and...
- Hogs Higher on Tuesday
- Lean hog futures settled the Tuesday session with contracts 45 to 95 cents higher. The USDA national average base hog negotiated price was reported at $88.65 on Tuesday afternoon, down $1.64 from the day prior. The CME Lean Hog Index for March 21 was down 9 cents from the previous...
- Soybeans Sneaking Gains to Start Wednesday
- The soybean market is showing slight strength on Wednesday morning. Soybeans were mixed at the Tuesday close, with front months down 4 to 6 cents and some new crop contracts firm. Preliminary open interest was down 2,692 contracts on Tuesday. CmdtyView’s national front month Cash Bean price was down 5...
- Wheat Extends Weakness on Black Sea Pressure
- Wheat futures are continuing to slide lower so far on Wednesday morning. The complex was under pressure on Tuesday. Chicago SRW futures were down 5 to 6 cents in the front months. Tuesday’s preliminary open interest data showed an increase of 1,665 contracts. Kansas City HRW contracts closed 8 to...
- Cotton Starting Wednesday with some Strength
- Cotton prices are kicking off Wednesday trade with 30 to 47 point gains. Futures saw some weakness on Tuesday with contracts as much at 28 points lower in the nearbys. The outside factors were supportive, albeit slightly. Crude oil were futures up 9 cents/barrel and the US dollar index $0.081...