Corn prices are fractionally to 1 ¼ cents lower early on Friday. Futures fell back weaker on Thursday, after the midweek gains, as contracts were down 2 ¼ to 3 ¾ cents on the session. Open interest was down 9,943 contracts, mainly int eh December contract (-15,846). The CmdtyView national...
December ICE NY cocoa (CCZ26 ) is down -24 (-0.43%), and December ICE London cocoa #7 (CAZ26 ) is up +17 (+0.41%). NY cocoa prices are trading lower on rising ICE cocoa inventories and technical selling, with today’s new 2-week low. Also, there was bearish news today that Nigeria’s September...
March NY world sugar #11 (SBH27 ) is up +0.04 (+0.20%), and December London ICE white sugar #5 (SWZ26 ) is up +0.20 (+0.04%). Sugar prices are seeing some support today after Unica reported that Brazil Center-South sugar output in August fell -5.6% y/y to 7.089 MT. Recent heavy rains...
Soybeans are trading with contracts 1 to 2 ¼ cents higher in the front months. Futures closed the Thursday session mixed, with front months 1 to 7 ¾ cents higher and deferreds fractionally to 1 ¾ cents lower. November options expire today. Open interest was down 25.700 contracts on Thursday,...
Wheat is seeing some buying come in on Friday morning, with just marginal gains. The wheat complex saw weakness across the three markets on Thursday. Chicago SRW contracts were down 3 ½ to 6 ½ cents on the day. Open interest was up 940 contracts. KC HRW futures saw losses...
Live cattle futures fell back ahead of the Friday report, as contracts were steady to 77 cents in the red at the close. Open interest was down 624 contracts on Thursday. Cash trade has yet to be reported this week. The Thursday Fed Cattle Exchange online auction showed no sales...
Lean hog futures posted Thursday losses of 7 to 50 cents across the board on Thursday. Open interest was up 3,505 contracts. USDA’s national base hog price was down $1.22 from the day prior in the Thursday PM report at $66.48. The CME Lean Hog Index was down another 20...
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