Newsroom

Market Updates

Market Closes - April 26, 2018
April 26, 2018
Market Closes - April 26, 2018

CBOT futures closed steady to lower. Overnight strength gave way after USDA released its Weekly Export Sales report which was disappointing for corn and soybeans.  Beyond the nearby April contracts, cattle futures closed lower and near the day’s lows.

Market Closes - April 25, 2018
April 25, 2018
Market Closes - April 25, 2018

CBOT futures closed higher with KC/Chicago wheat leading the way by adding to Tuesday’s big gains.  Corn gained 5-6 cents/bushel on spillover from the wheat market and from fund buying.  Cattle futures closed moderately higher but near the day’s highs. Market support came from the continued strength in boxed beef values.

Market Closes - April 24, 2018
April 24, 2018
Market Closes - April 24, 2018

CBOT futures closed mostly steady to higher. KC and Chicago Wheat futures led the market today.  Cattle futures moved higher in early morning trade but then weakened with prices turning negative in the last half hour of trading.  

Market Closes - April 23, 2018
April 23, 2018
Market Closes - April 23, 2018

CBOT futures closed mixed with limited market news to trade on. A much stronger US Dollar today weighed on commodity prices, some more than others.  Cattle futures closed up sharply with the April LC contract closing near the day’s highs and posting the best gain for LC futures. LC futures charted “gap higher” openings.  

Market Closes - April 19, 2018
April 19, 2018
Market Closes - April 19, 2018

CBOT futures closed narrowly mixed after trading around one-percent ranges. Cattle futures closed sharply lower and near the day’s lows. The nearby April LC contract posted a bearish key reversal. Lean Hog futures closed little changed and remain near the April highs.

Market Closes - April 18, 2018
April 18, 2018
Market Closes - April 18, 2018

CBOT futures closed mixed with corn and soybeans reversing Tuesday’s direction, while wheat added to its gains.  Soybean futures dropped under pressure from the weaker soybean meal market. Corn benefitted from higher ethanol futures as energy prices rose sharply. Cattle futures closed higher with the nearby April LC contract gaining nearly a dollar/cwt. 

Market Closes - April 17, 2018
April 17, 2018
Market Closes - April 17, 2018

CBOT futures closed mixed on a lack of market direction from the fundamentals. Traders are watching weather forecasts for indications of when corn planting could accelerate. Cattle futures closed mostly higher but well off the day’s highs.  

Market Closes - April 16, 2018
April 16, 2018
Market Closes - April 16, 2018

Despite a weaker US Dollar and unfavorable Corn Belt weather, corn and soybean futures could not overcome the negativity coming out of the wheat futures market.  Cattle futures had disappointing closes with small gains or losses, near the day’s lows. Lean Hog futures closed much lower despite a strong pork market today. 

Market Closes - April 11, 2018
April 11, 2018
Market Closes - April 11, 2018

CBOT futures closed lower today. CBOT futures couldn’t benefit from the stronger energy futures and weak US dollar.   Cattle futures closed mostly higher after a day with narrower trading ranges.

Market Closes - April 10, 2018
April 10, 2018
Market Closes - April 10, 2018

CBOT futures closed narrowly mixed following today’s USDA WASDE report which didn’t have any material surprises.  Cattle futures opened higher but approached the day’s lows mid-morning. Except for the nearby April LC and FC contracts, futures closed steady or lower.