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Hog Bulls Look for Follow-Up as Pork Firms, Mostly Higher at Midday
Lean hog futures are mostly higher at midday on Thursday, with nearby August down a nickel as this is writer. Other contracts are up 47 to 87 cents. Lean hog futures posted gains of $1.05 to $2.35 across most contracts on Wednesday, with July up 7 cents on expiration day....
Corn Market Fading Wednesday Gains at Midday
Corn prices are down 5 to 8 cents at midday on Thursday amid a sharp slide in overall ag commodity prices and poor weekly export sales numbers. Futures had posted gains of 5 to 9 cents yesterday, getting spillover support from near limit gains in wheat. Open interest was up...
Soybeans Give Back Early Session Gains on Thursday
Soybean futures are trading 5 to 6 cents lower at midday on profit taking after the rally on Wednesday had boosted prices above the $12 round number resistance. Futures settled 7 ½ to 11 cents higher on Wednesday. Open interest suggested modest new buying interest, rising 3,344 contracts. The cmdtyView...
Cotton Sharply Lower on Thursday, Rejecting 80 Cent Mark
At midday on Thursday, cotton futures prices are back down 260 to 396 points from the Wednesday close. Futures closed the Wednesday session with contracts up 24 to 96 points. Crude oil is was up a modest 10 to 15 cents per barrel late morning, with the US dollar index...
Cattle Hit Hard by Bears on Thursday
Live cattle futures are trading sharply lower at midday on Thursday, with a number of contract months down $3 per cwt or more. They posted $1.30 to $2.82 losses on Wednesday. Open interest was down 3,922 contracts, suggesting additional long liquidation. Cash trade started to pick up, with a few...