Corn Sep -6 534; Dec -8 534 (525-45); Dec22 -3 507

Bean Sep -6 1299; Nov -11 1292 (1283-1312); Nov22 +2 1263

  Meal Sep -1 346; Dec -2 346

  Oil Sep -92 5936; Dec -86 5875

Wheat Sep -2 707 (690-707); Dec -1 722; Jly +9 724

 KC Sep +1 705; Dec -6 903

Oats -13 496

Rice -3 1313

 

LC Aug -130 11895; Oct -142 12690; Dec -120 13347

FC Sep -105 16300; Oct -120 16775; Jan -62 16897

LH Oct -135 8880; Dec -77 8195; Feb -35 8340

Milk Aug unch 1598; Sep +9 1675

Corn and soybean futures closed lower but well off the day’s lows, while wheat recovered from big losses to close near the day’s highs. Corn and soybeans were pressured by recent rains that should provide a yield-saving finish to the season. Today being the last day of the month may have led to some long liquidation by the spec funds.

Cattle futures closed lower. LC were pressured by weakening boxed beef values and fund long liquidation. Live Cattle futures have fallen sharply over the past 6 trading days. The expiring August LC contract has fallen over $8/cwt since last Tuesday’s high. Choice beef lost .67 to 342.11 and Select slipped .52 to 312.03.

Lean hog futures closed mixed with the first 5 LH contracts lower. LH were pressured by the weakening cash hog market. FOB Plant Pork lost .71 to 109.01 after being up 2.43 in the morning report. The main difference was ham value going from up 9.15 to down 3.18.

US$ -.05 92.65

Dow -39 35361

SP -6 4523

NAS -7 15259

Tran -175 14661

  VIX +.29  16.48 

 

WTI -71 6850

Brent –42 7299

Gas -3 228

NG +19 437

HO -1 213

Eth unch 222

Gold +24 1817

Slvr -5 2396

 

2-yr +.006 0.209%

5-yr +.006 0.777%

10yr +.025 1.309%

30yr +.027 1.926%

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