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Market Updates

Market Closes - September 27, 2016
September 27, 2016
Market Closes - September 27, 2016

CBOT futures closed higher and near the day’s highs as prices rallied steadily after posting lows early morning. November Soybeans and soybean meal futures traded to new lows not seen since last April.   Cattle futures closed sharply lower with a few contracts down the daily trading limit of $3.00 in LC and $4.50 in FC.

Market Closes - September 21, 2016
September 21, 2016
Market Closes - September 21, 2016

CBOT futures closed mixed again today but the soy complex reversed yesterday’s strong move higher. Today’s profit-taking shouldn’t be surprising after a 50-cent rally in four trading days.  After Tuesday’s minor setback, cattle futures pushed higher again with the Live Cattle contracts trading to new highs for this September rally.

Market Closes - September 20, 2016
September 20, 2016
Market Closes - September 20, 2016

CBOT futures closed higher led by soybean oil and soybeans.  The soy complex was supported by the Malaysian palm oil market and strong nearby demand for soybeans as harvest is just starting – and harvest may be slowed by rain.  Cattle futures traded both sides of unchanged and closed lower.

Market Closes - September 19, 2016
September 19, 2016
Market Closes - September 19, 2016

CBOT futures closed mixed.  Soybean futures closed slightly higher with support coming from the soybean oil market which rallied on rising palm oil prices.  Live Cattle futures closed mixed with the four contracts through April 2017 settling between $107.25-107.90.

Market Closes - September 15, 2016
September 15, 2016
Market Closes - September 15, 2016

CBOT futures closed lower except for the soy complex. Corn and wheat futures were weighed on by disappointing weekly export sales reports this morning. Cattle futures closed higher with the October LC contract gapping higher; resistance comes in at 108.45, the August high.

Market Closes - September 14, 2016
September 14, 2016
Market Closes - September 14, 2016

CBOT futures closed with minimal changes after trading modest ranges. Corn and wheat closed at the high end of the range with strong buying in the final minutes.  Live Cattle closed higher and near the day’s highs as prices trended up throughout the day.

Market Closes - September 12, 2016
September 12, 2016
Market Closes - September 12, 2016

CBOT futures closed mixed in response to today’s USDA Crop Production Report which had a bearish surprise for soybeans.  Cattle futures closed higher for the second straight trading day, adding to Friday’s strong gains. Futures are now $5-6/cwt above the contract lows set last week.

Market Closes - September 7, 2016
September 7, 2016
Market Closes - September 7, 2016

CBOT futures closed higher on strong fund buying. Futures were led higher by soybean meal and soybeans on strong export sales.  Cattle futures finally turned around after 4 days of sharp losses, as traders booked their profits in an oversold market.

Market Closes - September 6, 2016
September 6, 2016
Market Closes - September 6, 2016

CBOT futures closed mixed with the soy complex performing the best. Market support came from a sharply lower US Dollar Index and the report showing better-than-expected export inspections(shipments) for last week.  Cattle futures closed sharply lower with nearby Feeder Cattle contracts touching the daily limit of $4.50/cwt.

Market Closes - September 1, 2016
September 1, 2016
Market Closes - September 1, 2016

Corn and wheat futures closed strongly higher on the first day of September; this comes after 8 straight days of lower closes.  It was a terrible day in cattle futures with nearby October Live Cattle closing down the daily $3.00 limit.  Lean Hog futures closed higher despite the crash in cattle futures.