Market News
Wheat Posting Midday Gains
Barchart11 minutes ago
The wheat complex is trading higher through Wednesday’s midday. Chicago SRW futures are up 5 to 7 cents. KC HRW is 5 to 8 higher. MPLS spring wheat is 3 to 7 cents in the green. There are some concerns about crops in the Kursk region in Russian being harvested...
Cotton Rally Holding on Wednesday
Barchart11 minutes ago
Cotton futures are holding the triple digit gains on Wednesday’s midday, with contracts up 140 to 150 points. The dollar index is up just 72 points on the day, with crude oil futures back up $2.00/barrel. Now Hurricane Francine will make landfall in Louisiana on Wednesday as a category 1....
Hogs Rallying at Midday
Barchart11 minutes ago
Lean hog futures are posting midday gains of 50 to 95 cents on Wednesday. The national average base hog price was not reported on Wednesday morning due to light volume, with the 5-dauy rolling average at $77.57, down 14 cents from the previous day. The CME Lean Hog Index was...
Corn Hovering Near Unchanged at Midday
Barchart11 minutes ago
Corn futures are trading near unchanged so far on Wednesday, with contracts showing just fractional gains. There were another 62 deliveries issued against September futures overnight. EIA data released this morning showed 1.08 million barrels per day of ethanol production for the week that ended on September 6. That was...
Soybeans Turnaround for Midday Gains
Barchart11 minutes ago
Soybeans were pressured early on during the Wednesday session, but contracts are pulling out midday gains of 6 to 8 cents. Soymeal futures are helping, with October up $3.20/ton. Soy Oil futures are posting losses of 26 points in October. The CBoT showed 54 deliveries against September soybeans overnight, with...
Cotton Rally Holding on Wednesday
Barchart11 minutes ago
Cotton futures are holding the triple digit gains on Wednesday’s midday, with contracts up 140 to 150 points. The dollar index is up just 72 points on the day, with crude oil futures back up $2.00/barrel. Now Hurricane Francine will make landfall in Louisiana on Wednesday as a category 1....
Cattle Mixed Again on Wednesday
Barchart11 minutes ago
Live cattle are trading with mixed action on Wednesday, as the nearbys are down a tick to 25 cents. Cash trade has yet to kick off this week, with some light bids of $178 reported in the South. Wednesday’s Fed Cattle Exchange showed no sales on the 1,422 head listed,...
Corn Hovering Near Unchanged at Midday
Barchart11 minutes ago
Corn futures are trading near unchanged so far on Wednesday, with contracts showing just fractional gains. There were another 62 deliveries issued against September futures overnight. EIA data released this morning showed 1.08 million barrels per day of ethanol production for the week that ended on September 6. That was...
Cattle Mixed Again on Wednesday
Barchart11 minutes ago
Live cattle are trading with mixed action on Wednesday, as the nearbys are down a tick to 25 cents. Cash trade has yet to kick off this week, with some light bids of $178 reported in the South. Wednesday’s Fed Cattle Exchange showed no sales on the 1,422 head listed,...
National Farmers Union signs MOU with FSA
Brownfield Ag News15 minutes ago
The National Farmers Union has signed a memorandum of understanding with USDA’s Farm Service Agency to address staffing shortages and improve customer service at the county level. NFU President Rob Larew says under the MOU, NFU members will give feedback through listening sessions in local communities and USDA will use...
Midday cash livestock markets
Brownfield Ag News15 minutes ago
Direct cash cattle trade activity remains quiet. The lone bid to have surfaced is at $178 live in Kansas. Asking prices are around $182 live in the South, but still haven’t been established in the North. Packer inquiry could improve yet today, but it is more than likely significant trade...