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Market Closes - April 11, 2017
April 12, 2017
Market Closes - April 11, 2017

CBOT futures closed slightly lower to higher on a volatile day of trading caused in part by the USDA WASDE report at 11 am CDT.  The report contained somewhat bearish data in higher world carryout stocks number.  Cattle futures closed strongly higher for the fourth straight day. The nearby April LC and FC contracts traded to new highs.

Market Closes - April 6, 2017
April 6, 2017
Market Closes - April 6, 2017

CBOT futures closed lower on across-the-board fund selling – adding to their short positions. With large supplies available, there’s nothing to get buyers excited.   Cattle futures closed higher in follow-through strength to yesterday’s market turnaround.  Lean Hog futures opened close to unchanged but turned higher mid-morning and kept rallying into the close (except for the nearby April LH).

Market Closes - April 4, 2017
April 4, 2017
Market Closes - April 4, 2017

CBOT futures closed steady to lower as fundamentals and money flow weighed on the market. After two days of much higher corn prices, corn closed moderately lower and near the day’s lows.  After yesterday’s brief respite, cattle futures took another leg down to new lows.

Market Closes - April 3, 2017
April 3, 2017
Market Closes - April 3, 2017

CBOT futures closed mixed with prices continuing to react to Friday’s USDA reports on grain stocks and prospective plantings.  The reports were generally negative for soybeans and positive for corn.  Cattle futures closed lower with traders believing the cash market will continue to move lower; this was supported by a weaker boxed beef market. 

Market Closes - March 30, 2017
March 30, 2017
Market Closes - March 30, 2017

CBOT futures closed lower with wheat and soybeans closing near the day’s lows. Corn traded narrow ranges while soybean futures dropped to new lows for this down move that started in February. Traders prepared for tomorrow’s USDA reports.  Cattle futures closed moderately lower with the trend returning downward after yesterday’s one-day bounce.

Market Closes - March 29, 2017
March 29, 2017
Market Closes - March 29, 2017

CBOT futures had another day of small price changes as traders are focused on Friday’s USDA reports. Large crops in South America and the bearish bias of the spec funds should cap futures until new fundamentals appear.  Cattle futures closed higher on short-covering.  

Market Closes - March 28, 2017
March 28, 2017
Market Closes - March 28, 2017

CBOT futures closed steady to higher with fairly narrow trading ranges. Cattle futures closed slightly higher following Monday’s big losses.  Lean Hog futures closed moderately lower, adding to sharp losses the past two trading days.

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.