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Market Updates

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.

Market Closes - April 9, 2018
April 9, 2018
Market Closes - April 9, 2018

Corn and soybeans closed higher, while wheat jumped over 3 percent.  Wheat was supported by short-covering by the spec funds in light of the unfavorable weather in wheat country.  Cattle futures closed mostly lower and at the low end of the day’s trading ranges.

Market Closes - April 5, 2018
April 6, 2018
Market Closes - April 5, 2018

Most CBOT futures closed sharply higher as futures continued to recover from the heavy losses seen early Wednesday.  The rally followed the pattern in the US equity markets, as buyers rushed back into the market as their worries over a trade war with China eased.  Cattle futures closed higher for the second straight day as buying followed through on yesterday’s bullish key reversals.

Market Closes - March 13, 2018
March 13, 2018
Market Closes - March 13, 2018

CBOT futures closed mixed with good trading ranges. Corn traded to new highs for 2018 but closed well off the highs in old-crop. Soybean futures were supported by strong fund buying as prices recovered for a second day following Friday’s big selloff.  Cattle futures closed mostly lower, but the nearby April Live Cattle contract ended up slightly.

Market Closes - March 12, 2018
March 12, 2018
Market Closes - March 12, 2018

With a late rally in corn and wheat futures, The CBOT closed mostly steady to higher.  Cattle futures closed lower today, taking prices back near Thursday’s closing prices.  Lean Hog futures closed moderately lower as the trend remains down.

Market Closes - March 1, 2018
March 1, 2018
Market Closes - March 1, 2018

CBOT futures rallied strongly today, led by the wheat market. Prices were supported by dry weather – in the Plains for wheat and in Argentina for soybeans and corn.  Cattle futures traded both sides but closed near unchanged. Nearby LC was supported by strong beef cutout values. 

Market Closes - February 8, 2018
February 8, 2018
Market Closes - February 8, 2018

CBOT futures closed mixed with wheat and soybean futures trading roles from yesterday. Corn, wheat and soybeans traded wide ranges in both directions following the 11 am CT release of the WASDE report.  Cattle rallied strongly mid-morning but turned south when the US equity markets accelerated to the downside.  Lean Hog futures closed narrowly mixed.