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Cotton Face Friday Weakness, Despite USDA Production Cut
Cotton futures closed out Friday with contracts down 14 to 226 contracts across the board, led by the front months. Outside pressure and a risk off approach into the weekend led the bears. December was down 27 points on the week. Crude oil was back down $2.49 per barrel on...
Wheat Faces Friday Weakness, as USDA Hikes World Wheat Stocks
The wheat complex faced pressure across the three markets heading into the weekend. Chicago SRW contracts saw 8 ¼ to 16 ¼ cent losses across the board, with December slipping 6 ½ cents on the week. KC HRW futures saw weakness, with contracts 10 to 20 ¼ cents lower, as...
Corn Fades Lower into Fridays Close Despite USDA Yield Cut
Corn futures closed out the Friday session with contracts 2 ¾ to 5 cents lower, selling the fact on the lower yield number. December was down 6 ½ cents on the week. The CmdtyView national average Cash Corn price was down 3 1/4 cents at $4.84 3/4. USDA reported a...
Soybeans Face Friday Pressure as USDA Increases Production
Soybeans fell into the Friday close, with contracts down 21 to 35 ¾ cents across the board, as money came off the table. November was down 13 ¼ cents for the week. The cmdtyView national average Cash Bean price was down 36 cents at $12.38 ½. Soymeal futures were down...
Cattle Rally into the Weekend
Live cattle futures closed the Friday session rallying $1.75 to $2.85 into the final bell, as October was $6.72 higher for the week. Cash trade picked up on Friday, with sales noted $1-6 higher at $222-225. The Friday morning Fed Cattle Exchange showed $225 sales on 45 of the 952...
Hogs Face Friday Pressure as Cash and Cutout Weaken
Lean hog futures were down 72 cents to $1.62 across most contracts on Friday, with October slipping 77 cents for the week. USDA’s national base hog price was reported at $85.38 on Friday afternoon, down $1.48 from the day prior. The CME Lean Hog Index was down another 57 cents...