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Market Updates

Market Closes - August 31, 2016
August 31, 2016
Market Closes - August 31, 2016

Except for KC Wheat, CBOT futures closed lower today with corn and Chicago Wheat trading to new contract lows. Soybeans and meal traded to new lows for this move.  Cattle futures opened higher today on follow-through buying after Tuesday’s huge rally at day’s end. But prices trended down throughout the day.

Market Closes - August 30, 2016
August 30, 2016
Market Closes - August 30, 2016

CBOT futures closed sharply lower at or near the day’s lows. Prices were pressured by bearish technical signals, a stronger US Dollar, weaker energy futures and an approaching harvest of huge crops.  Cattle futures soared higher today, but it didn’t happen until the last hour of trading.

Market Closes - August 29, 2016
August 29, 2016
Market Closes - August 29, 2016

CBOT futures closed lower with huge losses in wheat futures – for the second straight day in KC and Chicago. Futures closed at/near the day’s lows.

Market Closes - August 22, 2016
August 22, 2016
Market Closes - August 22, 2016

CBOT futures closed mixed with soybeans and meal moving higher on strong export news.  Live Cattle futures closed little changed after trading a fairly wide range high to low.

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.