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Market Closes - March 27, 2017
March 27, 2017
Market Closes - March 27, 2017

CBOT futures closed steady in corn and lower in wheat, soybeans and meal futures. Wheat was pressured by a wet forecast for the Plains; KC wheat led the declines. Corn and soybeans are under pressure from fund selling and big South American crops.  Cattle futures closed sharply lower and near the day’s lows as traders reversed some bullish trades made last week when countries banned Brazilian beef.

Market Closes - March 21, 2017
March 21, 2017
Market Closes - March 21, 2017

CBOT futures closed little changed and mixed with soybeans and soyoil squeezing out small gains. MGE and KC Wheat dropped the most on ideas of improved rainfall in the Plains.  Cattle futures closed higher, led by the Live Cattle market. Support came from stronger boxed beef values, technical buying on prices touching new highs, and April LC discount to the cash market.  

Market Closes - March 20, 2017
March 20, 2017
Market Closes - March 20, 2017

Corn and wheat futures closed lower and near the day’s lows; this followed a strong opening on Sunday evening supported by short-covering.  Soybeans closed steady but still at the lows of the day.  Huge South American crops are weighing on the market.  Beyond the nearby Live Cattle contract, cattle futures closed slightly higher, reaching new highs for this rally that started in February.

Market Closes - March 17, 2017
March 17, 2017
Market Closes - March 17, 2017

CBOT futures closed little changed on the day and for the week. Futures found support this week from a weaker US Dollar Index and good corn/bean exports.  Live Cattle only edged higher despite the very strong cash cattle market and rising boxed beef market.  Lean Hog futures dropped for the third straight day, pressured by lower cash hog prices.

Market Closes - March 16, 2017
March 16, 2017
Market Closes - March 16, 2017

Corn and soybean futures closed slightly higher in mid-range, while wheat ended mixed by Exchange. Strong export sales for corn and soybeans supported those prices.   Cattle futures closed moderately higher on yesterday’s stronger cash cattle market of $128/cwt – a $3-5 increase over last week.  Lean Hog futures closed slightly lower – for the second day in a row. This comes after stronger markets on Monday and Tuesday.

Market Closes - March 8, 2017
March 8, 2017
Market Closes - March 8, 2017

March 15 Crop Insurance Deadline Nears

CBOT futures closed lower for a second day with corn and wheat ending close to the day’s lows.  Wheat led the way down as the US Dollar strengthened.  Cattle futures managed modest gains at the closing bell after a volatile trading day.  

Market Closes - March 7, 2017
March 8, 2017
Market Closes - March 7, 2017

CBOT futures closed lower led by the soy complex which is under pressure from the soy harvest in Brazil of a record crop (some estimates are rising).  Cattle futures changed small amounts today as traders wait for more cash market direction. Some early sales were down $3-4 from last week.

Market Closes - March 6, 2017
March 6, 2017
Market Closes - March 6, 2017

CBOT futures closed little changed with corn and soybeans closing near the day’s lows. The days’ highs came early in the day.  Cattle futures closed slightly lower after trading both sides.  Lean hog futures bolted higher at the open, but had peaked by 9 am and moved to the day’s lows near the unchanged level shortly after 11 am.

Market Closes - March 2, 2017
March 2, 2017
Market Closes - March 2, 2017

Under the weight of a stronger US Dollar, CBOT futures closed lower and in the lower part of the range.  Live Cattle futures opened higher but soon turned lower and trended down throughout the session to close at/near the day’s lows.  Lean hog futures also traded higher in the morning but moved lower as cattle futures fell.

Market Closes - March 1, 2017
March 1, 2017
Market Closes - March 1, 2017

Despite the stronger US Dollar, CBOT futures closed sharply higher and near the day’s highs. Corn and soybean futures traded inside Tuesday’s wide ranges, but wheat was able to close above yesterday’s highs.  Cattle futures tried to move higher in follow-through to Tuesday’s strong markets, but closed mixed. Live Cattle prices were supported by a stronger boxed beef market and higher cash prices at the Fed Cattle Exchange.