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Market Updates

Market Closes - November 28, 2016
November 28, 2016
Market Closes - November 28, 2016

CBOT futures closed mixed with corn and wheat closing near the day’s lows. Corn traded higher Sunday evening in sympathy with a strong soybean complex rally. Cattle futures closed mostly lower, pressured by profit-taking following last Friday’s strong price action where futures “gapped higher”.   

Market Closes - November 22, 2016
November 22, 2016
Market Closes - November 22, 2016

CBOT closed mostly steady to higher with soybean meal futures leading the market higher. Weakness in soybean oil limited gains in soybeans. Like Monday, Live Cattle went up and Feeder Cattle went down – if only by small amounts. Live Cattle found support from higher boxed beef values.  Lean Hog futures tried to move higher at the opening bell but quickly failed.

Market Closes - November 21, 2016
November 21, 2016
Market Closes - November 21, 2016

CBOT futures closed higher, led by a sharp move up in the soy complex.   Corn futures gained better than one percent with support from the soy complex, a weaker US Dollar and strong weekly export shipments(inspections).  Live Cattle futures closed slightly higher but well off the day’s midday highs on late-day profit-taking. Futures rose quickly following the opening bell on support from Friday’s neutral Cattle on Feed Report and last week’s strong cash cattle market which averaged $107.91/cwt per USDA.

Market Closes - November 17, 2016
November 17, 2016
Market Closes - November 17, 2016

CBOT futures closed higher with support coming from better-than-expected weekly export sales reported for corn, wheat and soybeans this morning by USDA.  Cattle futures closed narrowly mixed despite a strong cash market Wednesday reported at $108-110.

Market Closes - November 15, 2016
November 15, 2016
Market Closes - November 15, 2016

?CBOT futures closed higher and in the upper range as futures rallied throughout the day. A significant factor was a very strong persistent rally in crude oil futures.  Live Cattle futures closed higher in the April 2017 and beyond contracts. The nearby December LC closed steady as traders wait for cash markets to develop. 

Market Closes - November 10, 2016
November 10, 2016
Market Closes - November 10, 2016

Corn and soybean futures closed higher but way below the day’s highs which came around midnight.  That’s when the soy complex soared on bullish palm oil production news.  Cattle futures closed higher as traders remain hopeful of higher cash markets.

Market Closes - November 9, 2016
November 9, 2016
Market Closes - November 9, 2016

Most CBOT futures closed sharply lower and near the day’s lows under pressure from bearish USDA crop reports which raised corn and soybean supplies more than expected.  Cattle futures closed mostly higher in the upper part of the day’s trading range. The recovery in US stock markets helped lift cattle futures.

Market Closes - November 8, 2016
November 8, 2016
Market Closes - November 8, 2016

CBOT futures closed strongly higher ahead of tomorrow’s USDA crop reports.  Fund buying lifted the markets as traders covered some short positions in corn and wheat.   Live cattle futures closed higher, erasing Monday’s losses.

Market Closes - November 3, 2016
November 3, 2016
Market Closes - November 3, 2016

CBOT futures closed mixed with price direction following the lead of this morning’s USDA weekly export inspections report. Corn and soybean export inspections came in above expectations, while the wheat export number was disappointing.  Cattle futures closed strongly lower but off the day’s lows.

Market Closes - November 2, 2016
November 2, 2016
Market Closes - November 2, 2016

CBOT futures closed mixed with soybeans and meal leading the way on the downside, adding to Tuesday’s sharp losses. The November Soybean contract closed below the 200-day moving average, but January Soybean closed just above the 200-day.  Cattle futures closed mostly higher with the best gains coming in deferred contracts. Prices were supported by very strong boxed beef values and expectations for steady to higher cash cattle markets.