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Crude Oil Soars As Middle East Intensifies After Trump Steps Up Attack On Iran
(RTTNews) - Extending gains from the four previous sessions, crude oil prices have surged on Thursday, with expectations of an early reopening of the Strait of Hormuz sinking after U.S. President Donald Trump announced stringent economic measures against Iran.
Corn Holding onto Thursday Gains as December Tests $5
Corn futures are posting 3 ½ to 5 cent gains across most contracts on Thursday, fading from some early session highs. The CmdtyView national average Cash Corn price is up 4 ¾ cents at $4.49 1/4. The ProFarmer Crop Tour showed Illinois corn yields averaging 184.19 bushels per acre down...
Soybeans Holding onto Thursday Gains
Soybeans are trading with fractional to 4 cent gains across most contracts Thursday. The cmdtyView national average Cash Bean price is up 1 1/4 cents at $11.99 1/4. Soymeal futures are back down 30 cents to $1.10, as Soy Oil is trading with 110 to 120 point gains. USDA reported...
Wheat Slipping back to Mixed Action on Thursday
The wheat complex is showing mixed action across the three exchanges on Thursday. Chicago SRW contracts are steady to a penny higher at midday. KC HRW futures are slipping back 2 to 3 cents on the session. MPLS spring wheat is up 5 to 6 cents so far on the...
Cattle Bulls Pushing Back on Thursday
Live cattle futures are showing 97 cent to $2 gains across the front months at midday. Cash trade has picked up a few at $355-360. The Thursday morning Fed Cattle Exchange online auction showed no sales on the 1,520 head offered, with bids of $223 to 225. Feeder cattle futures...
Hogs Back to Weaker Trade on Thursday
Lean hog futures are showing losses of 15 cents to $1.12 on the Thursday session. USDA’s national base hog price was reported at $92.75 in the Thursday AM report, up 51 cents from the day prior. The CME Lean Hog Index was down another 82 cents on August 18 at...