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Market Updates

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.

Market Closes - February 7, 2018
February 7, 2018
Market Closes - February 7, 2018

CBOT futures closed mixed although KC and Chicago Wheat futures posted sharp gains. Corn and wheat closed near the day’s highs, while soybeans ended near the lows. Weather issues and short-covering by the funds are the main factors supporting the market. Live Cattle futures closed lower in the nearby contracts and higher in most deferred contracts.

Market Closes - February 1, 2018
February 1, 2018
Market Closes - February 1, 2018

CBOT futures closed mostly steady except for the soy complex which posted losses as much as one percent.  Cattle futures closed sharply higher to as much as up the daily limit (LC=$3.00; FC=$4.50). Today’s rally resulted from yesterday’s friendly Cattle inventory report which had a smaller herd increase than expected.

Market Closes - January 29, 2018
January 29, 2018
Market Closes - January 29, 2018

CBOT futures closed higher with corn and wheat ending near the day’s highs and prices reaching new highs for the current January rally.  Cattle futures closed higher but well off the day’s highs. Futures opened sharply higher as result of last Friday’s big jump in cash prices to $126-127.  

Market Closes - January 24, 2018
January 24, 2018
Market Closes - January 24, 2018

CBOT futures closed strongly higher with KC/Chicago Wheat leading the way up. Today’s big gains resulted from today’s sharp drop in the value of the US Dollar.   LC futures were supported by positive follow-through following strong gains Monday and Tuesday.

Market Closes - January 23, 2018
January 23, 2018
Market Closes - January 23, 2018

CBOT futures closed mixed. Soybean futures recovered from an early morning sharp decline to close higher for the seventh straight trading day.  Cattle futures closed higher as the market continued to be supported by the inclement weather and ideas the cash market will firm this week.