While geopolitical tensions have eased somewhat after the ceasefire between Iran and Israel, many countries are expected to increase their defense spending in the coming 10 years.
Live cattle futures posted $2.30 to $3.12 losses at the close on Tuesday. Cash action was mostly compiling showlists on Monday. Trade last week saw sales at $230-233 in the North and $223-225 in the South. The Tuesday morning Fed Cattle Exchange online auction showed no bids on the 1,064...
The wheat market snuck out some gains on the Tuesday session, with contract higher across the three markets at the close. Chicago SRW wheat was up 8 to 11 cents on the day. There were 193 contracts issued against CBT wheat overnight. KC HRW contracts pushed higher into the close,...
Cotton futures saw steadier trade on Tuesday, with the front month and thin contracts unchanged and December down 10 points. Crude oil was up $0.45/barrel, with the US dollar index $0.193 lower. Weekly Crop Progress data showed 95% of the US cotton crop planted (98% on average), with 40% squaring...
Lean hog futures posted 55 cent to $1.10 weaker trade on Tuesday, with October up 17 cents. USDA’s national base hog price was down 33 cents in the Tuesday afternoon report, with negotiated trade at $111.55. The CME Lean Hog Index was back down 26 cents at $111.76 on June...
Corn futures climbed out of their overnight hole on Tuesday, though contracts still closed with fractional to 3 ½ cent losses. There were no deliveries against July futures overnight. The front month CmdtyView national average Cash Corn price was steady at $3.92 3/4. Grain Crushings data showed a total of...
Soybeans came back to close with fractional gains across most front months on Tuesday, despite early weakness. There were 503 deliveries issued overnight. The cmdtyView national average Cash Bean price was up 7 cents at $9.88 3/4. Soymeal futures were down $1.60 to $2.10 on the day, as Soy Oil...
At the Chicago Mercantile Exchange, live and feeder cattle were lower on technical selling. August live cattle closed $3.12 lower at $210.75 and October live cattle closed $2.37 lower at $207.80. August feeder cattle closed $4.65 lower at $306.02 and September feeder cattle closed $4.97 lower at $305.65. Direct cash...
A north Iowa corn and soybean farmer is concerned weather conditions are favorable for disease pressure. Chris Edgington of Saint Ansgar says June was wetter than normal. “Soybeans especially do not like wet feet, and they’ve got wet feet and they’re going to keep wet feet. So there will be...
Aaron Porter, a farmer in southeast Missouri, says the crops are mixed as July begins. “Some corn looks good and some corn looks stressed, a little yellow,” he says. “Some soybeans look good and other soybeans have been replanted. And the cotton is taking off finally after a week of...
A farmer in northeast Missouri says corn is starting to tassel and the soybeans are getting bigger. “This heat and moisture are starting to turn the crops around and they look pretty good.” Drew Lock says it’s warmer than he’d like for corn pollination, but there’s plenty of moisture in...