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Sub $4.00 Corn? Why July weather is the "heartbeat" for Midwest corn yields.
Jim's video tells it all... "when the corn is as high as an elephant's eye..."
Corn Adds to Week’s Losses on Friday
Corn futures failed to see much buying post-USDA data release on Friday, as futures slipped into the close with losses of 3 to 5 cents. September closed out the week with a loss of 24 ¼ cents, as December was down 24 ¾. The front month CmdtyView national average Cash...
Hogs Easing Lower into the Weekend
Lean hog futures closed out Friday with losses of 50 cents to $1.65, as August was down $1.42 this week. USDA’s national base hog price was reported at $106.59 on Friday afternoon, dropping $5.74 from the day prior. The CME Lean Hog Index was up a dime at $107.14 on...
Corn Adds to Week’s Losses on Friday
Corn futures failed to see much buying post-USDA data release on Friday, as futures slipped into the close with losses of 3 to 5 cents. September closed out the week with a loss of 24 ¼ cents, as December was down 24 ¾. The front month CmdtyView national average Cash...
Wheat Losses Led by HRS Contracts
The wheat complex posted losses across the three markets on Friday, following a larger than expected production total. Chicago SRW wheat was down 9 to 10 cents, with September down 11 ¾ cents this week. KC HRW contracts were down 10 to 11 cents on the day, taking the week...
Cotton Pushes Losses into the Weekend
Cotton futures ended the Friday session with losses of 5 to 30 points, as December was down 104 on the week. Crude oil is up $2.10 /barrel at $68.67, with the US dollar index $0.233 higher to $97.555. The monthly update to the USDA balance sheets showed a 300,000 bale...
Soybeans Fail to See Strength into the Weekend
Soybeans posted Friday losses of 6 to 9 cents on the session, with futures failing to see bulls show up after USDA data was released. August soybeans dropped 51 1/4 cents this week, as November fell 42 cents from last Thursday’s close. The cmdtyView national average Cash Bean price was...
Cattle Rally to Close Out the Week
Live cattle futures found some strength on Friday with higher cash movement, as contracts were up $2.30 to $3. August was up $8.15 this week. Cash trade picked up to $228-$230 on Friday, in the South, up $4-5. Northern Action was $240, $8-10 higher wk/wk. Feeder cattle posted Friday gains...