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Market Updates

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.

Market Closes - June 16, 2016
June 16, 2016
Market Closes - June 16, 2016

CBOT futures closed lower but off the day’s lows. Markets were pressured by less threatening weather forecasts and technical selling, including funds liquidating some long positions – especially in soybeans, meal and soyoil.

Market Closes - June 15, 2016
June 15, 2016
Market Closes - June 15, 2016

CBOT futures closed sharply lower and at/near the day’s lows. Futures traded higher overnight; however, when trading reopened at 830 am, futures headed lower and trended down into the closing bell.  After a one-day reprieve yesterday, cattle futures resumed the sell-off on long-liquidation and technical selling.

Market Closes - June 14, 2016
June 14, 2016
Market Closes - June 14, 2016

CBOT futures closed mixed. Corn continues to be supported by fund buying based on hot/dry forecasts.  Soybean futures closed mid-range; soybeans are not threatened as much as corn by short-term weather issues.  Cattle futures closed higher after trading much lower in early morning trading.  Lean Hog futures soared today after the June LH contract expired at Noon.

Market Closes - June 13, 2016
June 13, 2016
Market Closes - June 13, 2016

CBOT futures closed mixed in a volatile trading session. Futures moved higher Sunday evening when markets opened due to weather concerns. However, prices turned lower during the morning trade.  Cattle futures closed limit down on heavy liquidation by the longs as they lose confidence that beef demand will support cash prices.

Market Closes - June 10, 2016
June 10, 2016
Market Closes - June 10, 2016

CBOT futures closed mixed.  Corn and soybeans closed relatively unchanged considering the very wide trading ranges seen following the USDA Supply-Demand Report.  Cattle futures closed strongly lower on a lack of cash market direction and demand concerns.  Lean Hog futures closed lower in June/July and higher in deferred contracts.

Market Closes - June 9, 2016
June 9, 2016
Market Closes - June 9, 2016

CBOT futures closed mostly lower today, taking a break from the strong rally that’s been going on for weeks. Weakness was mostly blamed on a wetter forecast, but a stronger US Dollar also weighed on commodity futures.

Market Closes - June 2, 2016
June 2, 2016
Market Closes - June 2, 2016

CBOT futures closed steady to sharply higher. The old-crop soybean meal and soybean markets led the market higher through mid-morning.  Cattle futures closed higher as traders are optimistic about the cash cattle and beef markets.  Lean Hog futures closed strongly higher as futures extend the 6-7 day rally off recent lows.

Market Closes - June 1, 2016
June 1, 2016
Market Closes - June 1, 2016

CBOT futures traded lower overnight, but when trading reopened at 830 am CT, prices soared and kept going right into the closing bell.  Cattle futures closed mixed but much closer to the highs than the lows which occurred early in the day.

Market Closes - May 31, 2016
May 31, 2016
Market Closes - May 31, 2016

Most CBOT futures were down sharply, led lower by the Chicago Wheat market. Improving (drier) weather forecasts pressured the markets in addition to the stronger US Dollar and end-of-month profit-taking.