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Market Updates

Market Closes - August 17, 2016
August 17, 2016
Market Closes - August 17, 2016

CBOT futures closed higher, led by soybean oil and soybean futures. Market support continues to come from strong export demand for soybeans and corn.  Cattle futures closed lower for the third straight day as traders doubt cash cattle prices will strengthen much.

Market Closes - August 16, 2016
August 16, 2016
Market Closes - August 16, 2016

CBOT futures closed mixed with minimal changes. Prices traded both sides of unchanged and corn/soybeans had relatively small price ranges.  Cattle futures closed lower as the negative sentiment continues to weigh on the market.

Market Closes - August 9, 2016
August 9, 2016
Market Closes - August 9, 2016

CBOT futures closed mixed on a lack of significant market news.  Late Monday, USDA reported corn and soybean condition ratings remain very positive. Cattle futures closed higher led by the feeder market. Live Cattle were also supported by ideas the cash market will be higher on smaller market receipts.

Market Closes - August 8, 2016
August 8, 2016
Market Closes - August 8, 2016

CBOT futures closed steady to mostly higher, led by the soybean market. Soybean futures were supported by daily soybean export demand, last week’s bounce off the 200-day moving average, higher energy futures supporting soybean oil and the calendar whereby soybeans face the final critical production period.

Market Closes - August 3, 2016
August 3, 2016
Market Closes - August 3, 2016

CBOT futures closed mixed with wheat futures leading the market higher. Most trading stayed above Tuesday’s lows.  Cattle closed higher on optimism for stronger cash cattle trade this week and a firmer boxed beef market.

Market Closes - August 2, 2016
August 2, 2016
Market Closes - August 2, 2016

Monday’s strong crop ratings and non-threatening weather forecasts maintained pressure on CBOT futures.   Cattle futures closed mostly higher, consolidating Monday’s gains with support from the boxed beef market. Lean Hog futures closed mixed, supported by a strong pork market at midday where Fob Plant was up 2.24.

Market Closes - August 2, 2016
August 1, 2016
Market Closes - August 1, 2016

With plentiful soil moisture and forecasts for timely rainfall the next 2 weeks, traders and spec funds aggressively sold corn and soy complex futures.  Cattle futures soared higher with nearby Feeder Cattle contracts closing limit up. Futures were supported by aggressive short-covering after cash cattle traded $118/cwt, up $3.00 from a week earlier.

Market Closes - July 27, 2016
July 27, 2016
Market Closes - July 27, 2016

Soybean futures closed strongly higher, pulling corn up one percent.  Wheat futures traded higher early in the day but eventually sold off to close near the day’s lows and little changed from Tuesday’s market.  Cattle futures closed steady to slightly higher, consolidating this week’s strong futures gains.

Market Closes - July 26, 2016
July 26, 2016
Market Closes - July 26, 2016

CBOT futures closed mixed for a second day with prices mostly going the opposite direction seen yesterday.  Cattle futures closed higher, adding to Monday’s big gains (2016 contracts were limit up).

Market Closes - July 25, 2016
July 25, 2016
Market Closes - July 25, 2016

CBOT futures closed mixed as U.S. weather continues to ease concerns of production problems.  November soybean futures hit a new low for this move and are at 3-month lows.  Many cattle futures (through December 2016) contracts closed LIMIT UP as traders were encouraged by Friday’s friendly Cattle on Feed Report and the discount August LC have to the last cash trade near $115/cwt.