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Oklahoma USDA Newswire
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Commentary
- Wheat Close Mixed Following Neutral USDA Data
- The wheat market was mixed across the three exchanges on Friday with the soft wheat contracts holding up and the hard wheats the weakspot. Chicago SRW futures were mixed, with contracts anywhere form a penny higher to 1 ½ cents lower, as December was up 4 ½ cents on the...
- Soybeans Pull Back from Highs, Close with Gains on Bullish USDA Data
- Soybeans faded the initial gains post USDA report release this morning, but bulls managed to close the day with contracts up 1 ¼ to 6 cents across most contracts on Friday. January closed out the week with a 36 ½ cent gain since last Friday. CmdtyView’s national front month Cash...
- Corn Holds onto Gains as USDA Trims Yield
- A yield cut from the USDA earlier on Friday helped futures to close the day with fractional to 3 ¾ cent gains. December managed a 16 ½ cent jump this week. The national average Cash Corn price from cmdtyView was up 4 cents at $4.04 1/2 per bu. USDA reported...
- Cattle Collapse Heading into the Weekend
- Live cattle futures fell 80 cents to $2.125 on Friday, as the Boxed Beef values continue to slip lower. December was down $2.22 on the week. Cash trade this week settled in with Northern sales of $186-188 and Southern action at $187. This morning’s Central Stockyards Fed Cattle Exchange showed...
- Hogs Close Mixed on Friday, as Specs Improve Record Net Long
- Lean Hog futures settled Friday with contracts down 47 to 77 cents in the nearbys, but up 7 to 42 cents in most others. December fell $3.65 on the week. The national average base hog negotiated price was reported at $81.67 on Friday afternoon, a drop of $3.36 from the...
- Cotton Pulls off Lows, Still Closes with Losses
- Cotton futures rounded out the week with Friday losses of 7 to 19 points, with bearish USDA data and outside market factors. December managed to close with a gain of 81 points over the course of the week. The outside markets were pressuring the market, with crude oil down $1.85/barrel...