CBOT futures closed mixed for a second day with prices mostly going the opposite direction seen yesterday. Corn futures traded inside Monday’s trading ranges. Soybeans were supported by a warmer forecast. Wheat futures were hit hard after a 3-day rally, but today’s prices remain above last week’s lows.

Cattle futures closed higher, adding to Monday’s big gains (2016 contracts were limit up). Choice carcasses up 1.34 at 199.93; Select up 1.38 at 190.82. 

Lean Hog futures closed much lower especially in the nearby August LH contract on weak fundamentals. FOB Plant Pork fell a sharp 2.38 to 86.51.  Bellies fell over 6% in value; hams dropped 4%. 

Corn Sep -2 332; Dec -2 339 (338-43)

Bean Aug +10 993; Nov +7 974 (963-83)

  Meal +2 341

  Oil +10 2956

Wheat Sep -14 415; Dec -14 442; Jly -13 489

  KC -11 412; MGE -10 486

Oats -4 200

Rice -33 1002

 

LC Aug +92 11387; Dec +115 11335; Feb +87 11317

FC Aug +75 14245; Oct +92 14022; Jan unch 13442

LH Aug -107 7460; Oct -72 6362; Dec -55 5850

Milk Jly -1 1529; Aug -12 1684

 

US$ -.1%

Dow -19 18474

SP +1 2169

NAS +12 5110

Tran +87 7980

VIX +.18  13.05

 

WTI -49 4264

Brent -12 4460

Gas +1 134

NG -5 269

HO -1 132

Eth -1 146

Gold +1 1320

Slvr +4 1968

 

2-yr -.005 0.758%

5-yr -.003 1.135%

10yr -.008 1.564%

30yr -.004 2.285%

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