Andrea Marshall
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- Corn Pulls Gains Out of Midweek Session
- Corn futures closed out the Wednesday session getting some spark higher. Contracts were fractionally to 4 cents higher across the board. EIA data from this morning showed a 33,000 barrel per day bump in ethanol production during the week that ended on April 26 to 987,000 bpd. Despite the increase...
- Cotton Continue Weakness into Close
- Cotton futures are down 37 to 211 points across the board at the close. Crude Oil was feeling the pressure, below $80 per barrel on the day, $2.77 lower. The Fed showed no changes to rates after their 2 day meeting this afternoon, and stated they need to see inflation...
- Wheat Mixed on Wednesday
- The wheat market closed Wednesday with mixed action across the three exchanges. Kansas City led the way lower, with contracts down 3 to 10 ¼ cents and May up ¾. Chicago contracts were down 1 ½ to 4 cents across the nearbys and up fractionally to 2 ½ cents in...
- Hogs Fall to Weakness on Wednesday
- Lean hogs fell lower on Wednesday, as contracts were anywhere from $1 to $2.05 in the red. USDA’s National Average Base Hog negotiated price was down a penny from the day prior in the Wednesday PM report at $92.02. The CME Lean Hog Index was down 26 cents on April...
- Soybeans Head Higher on Wednesday
- Soybeans rounded out the Wednesday session with contracts 4 ½ to 10 ¼ cents higher. Soymeal continued the weakness, with contracts 30 cents to $3.70/ton lower. Soy Oil was 16 to 28 points higher across the board. Export Sales data will be released on Thursday, with the trade range of...
- Cattle Head Lower to Close Out Wednesday
- Live cattle fell lower again on Wednesday, with contracts down $1.12 to $2.37 at the close. Cash trade has yet to develop this week. The Central Stockyards online Fed Cattle Exchange auction saw no sales on the 998 head offered, with no bids and asks of $184-185. Last week’s trade...
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