Newsroom

Market Updates

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.

Market Closes - February 27, 2017
February 27, 2017
Market Closes - February 27, 2017

CBOT futures closed lower with corn and wheat settling near the day’s lows. Soybean futures rallied after noon to finish mid-range. Markets were pressured by the advancing soybean harvest in Brazil and weaker export basis.  Cattle futures closed strongly higher with the February LC contract surging to catch up with last week’s cash trade at $124-125/cwt.

Market Closes - February 23, 2017
February 23, 2017
Market Closes - February 23, 2017

CBOT futures closed mostly lower with corn posting the largest percentage losses. Old-crop soybean futures fell through the 200-day moving average.   Live Cattle futures were higher led by the nearby February LC contract. February LC was supported by yesterday’s strong move higher in cash cattle prices and in boxed beef.  With follow-through selling from yesterday’s sharp losses, lean hog futures closed lower, led by the nearby February LH contract.

Market Closes - February 22, 2017
February 22, 2017
Market Closes - February 22, 2017

Corn and soybean futures were little changed today on narrow trading ranges, while wheat gained mostly a nickel on short-covering tied to some weather concerns.  Live Cattle futures closed sharply higher on much stronger cash prices and boxed beef cutout values.  Lean Hog futures closed sharply lower with the nearby April LH contract performing the worst. LH futures were pressured by cash hog price weakness and lower pork cutouts that only worsened later in the day.

Market Closes - February 8, 2017
February 8, 2017
Market Closes - February 8, 2017

CBOT futures closed higher with the soy complex leading the way. Soybeans were supported by signs of export business and aggressive spec fund buying adding to an already large long position.  Cattle futures closed moderately lower (near the day’s lows) after opening the day near steady. Futures were pressured by recent weakness in boxed beef values and ideas that cash cattle prices will soften.