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Market Updates

Market Closes - July 21, 2016
July 21, 2016
Market Closes - July 21, 2016

CBOT futures closed mostly higher but corn futures made new life-of-contract low closes. Pressure came from expectations that weather will be more favorable after the extreme heat this week.   Cattle and hog futures closed sharply lower on weaker product values and traders’ concern for consumer demand, especially during the extreme heat.

Market Closes - July 20, 2016
July 20, 2016
Market Closes - July 20, 2016

CBOT futures closed lower after trading steady or higher overnight into early this morning. Corn and wheat began selling off after 930 am CT. Traders seemed to have discounted the impact of the next few days of very hot temperatures given forecasts of less heat and more rain next week.   Cattle futures closed strongly lower, adding to Friday’s losses.

Market Closes - July 18, 2016
July 18, 2016
Market Closes - July 18, 2016

Corn, wheat and soybean futures closed higher and near the day’s highs. Futures firmed up on Sunday evening and then weakened overnight.  Cattle futures closed higher, finding support from the August LC contract’s steep discount to last week’s cash trade near $117/cwt. 

Market Closes - July 13, 2016
July 13, 2016
Market Closes - July 13, 2016

Corn and soybean futures closed strongly higher with support from warmer and drier forecasts and follow-through buying after futures closed higher Tuesday due in part to a friendly WASDE report, especially for corn.  Cattle futures closed strongly higher on short-covering buying.

Market Closes - July 11, 2016
July 11, 2016
Market Closes - July 11, 2016

CBOT futures closed lower after trading higher overnight. Corn futures gapped higher Sunday evening, traded sideways overnight, then headed lower when trading reopened at 830 am.  Live and Feeder Cattle futures closed sharply lower with October LC down the daily $3.00 limit (limit expands to $4.50 tomorrow).  

Market Closes - July 7, 2016
July 7, 2016
Market Closes - July 7, 2016

CBOT futures closed steady to sharply lower, with most contracts closing at or near the day’s lows.  Cattle futures closed lower on continued concern for market fundamentals.  Lean Hog futures closed lower but in the middle of the day’s trading range.

Market Closes - July 6, 2016
July 6, 2016
Market Closes - July 6, 2016

CBOT futures closed lower in the major commodities, pressured by favorable weather and forecasts that encouraged heavy long liquidation.  Live Cattle closed lower while Feeder Cattle were mixed, thanks to the lower corn futures market. Yesterday’s small gains were erased with today’s losses.

Market Closes - June 30, 2016
June 30, 2016
Market Closes - June 30, 2016

CBOT futures closed mixed in response to the midday reports from USDA. USDA surprised traders with about 1.2 million more corn acres than expected. On the other hand, soybean acres were just below the average trade guess, although still the largest on record. Cattle futures closed higher across the board, extending the rally into its fourth day. 

Market Closes - June 28, 2016
June 28, 2016
Market Closes - June 28, 2016

Corn futures rallied overnight with the day’s highs coming before 7 am CDT.  However, once markets reopened at 830 am, corn trended lower all day long.  Cattle futures closed higher, adding to Monday’s price gains.

Market Closes - June 27, 2016
June 27, 2016
Market Closes - June 27, 2016

CBOT futures closed mixed. Funds bought the soy complex and sold corn and wheat. The rising US Dollar is negative for exports and commodity prices.   Lean Hog futures closed lower with pressure from Friday’s bearish Hogs and Pigs Report and weaker pork markets.  Cattle futures closed higher on short-covering following Friday’s sharp losses.