U.S. farmers & Purdue University helping solve corn storage concerns in Mexico
A former chairman of the Illinois Corn Marketing Board says U.S. farmers are teaching their customers in Mexico how to better handle and utilize American-grown corn. Jon Rosenstiel, who farms in northern Illinois, says Mexico continues to be the largest export market for U.S. corn. “They experience some quite different...
Cotton Sticking Near Steady on Friday
Cotton futures are holding near unchanged so far on Friday, with contracts anywhere from up 6 points to 2 points lower in the nearbys. Crude oil prices are back 93 cents/barrel. The US dollar index is down $0.315 to $100.175. USDA’s Export Sales report showed current cotton commitments for export...
Wheat Falling at Midday
The wheat market is trading with losses at Friday’s midday. Chicago SRW futures are trading with 5 to 6 cent losses in the front months on Friday. Kansas City HRW futures are facing midday weakness, with to 5 cent losses at midday. Minneapolis spring wheat futures are trading with contracts...
Soybeans Rallying into the Weekend
The soybean market is trading with 7 to 12 cent gains ahead of the weekend meeting with the US and China. There were another 3 deliveries issued against May soybeans on Thursday. The cmdtyView Cash Bean price is up 11 3/4 cents to $10.05 1/4. Soymeal futures are up 30...
Corn Bulls Pushing Higher at Midday
Corn futures are posting a round of strength ahead of the weekend, with contract up 1 to 4 cents at midday. There were another 17 deliveries issued against May futures overnight. The nearby CmdtyView national average Cash Corn price is up 1 3/4 cents at $4.20 1/2. USDA reported a...
Hogs Posting Friday Strength at Midday
Lean hog futures are trading with contracts 50 to 60 cent gains in the front months so far on Friday, with thinly trade May down a dime. USDA’s national average base hog negotiated price was reported at $9478 on Friday morning, up $0.14. The CME Lean Hog Index was back...
Cotton Sticking Near Steady on Friday
Cotton futures are holding near unchanged so far on Friday, with contracts anywhere from up 6 points to 2 points lower in the nearbys. Crude oil prices are back 93 cents/barrel. The US dollar index is down $0.315 to $100.175. USDA’s Export Sales report showed current cotton commitments for export...
Cattle Pulling Back on Friday
Live cattle futures are slipping back by a nickel to $1 so far at Friday’s midday. Cash trade this week has come in at the $218-220 range in the South, with northern action at $225-228. Feeder cattle futures are fading back below the $300 level in some contracts, with midday...
Soybeans Rallying into the Weekend
The soybean market is trading with 7 to 12 cent gains ahead of the weekend meeting with the US and China. There were another 3 deliveries issued against May soybeans on Thursday. The cmdtyView Cash Bean price is up 11 3/4 cents to $10.05 1/4. Soymeal futures are up 30...
Cash dairy prices mostly lower Friday
Cash dairy prices were mostly lower except butter Friday with light trading on the Chicago Mercantile Exchange. Dry whey was unchanged at $0.5425. No sales were recorded. Forty-pound cheese blocks were down $0.0225 at $1.8175. No sales were recorded. Cheese barrels were down $0.0125 at $1.77. No sales were recorded. ...