Again, combining Scott's comments, and the chart, leads me to continue to work aggressively towards protecting what is available, and continuing to hope for further follow through to the upside.
Funds Aggressively Short in Chicago Wheat
The corn market had recently seen bouts of strength but had been failing to maintain gains. Corn prices maintained early strength for once with strength spilling over from double-digit gains in the wheat...
Lean hog futures were down 15 cents in July, but up 20 cents to $1.45 in the rest of the contracts. USDA’s national base hog price was reported at $97.75 on Wednesday afternoon, up 18 cents from the...
Cotton futures closed with Wednesday gains of 115 to 204 points in most contracts. Crude oil was down 17 cents at $75.88. The US dollar index was up $0.981 at $100.26. The Fed left rates unchanged today...
Soybeans saw marginal gains of 2 to 3 ¼ cents in most contracts on Wednesday, with most contracts fading the USDA export sale announcement this morning, 6 to 8 cents off the highs. The cmdtyView national...
The wheat complex led the bulls charge on Wednesday, with contracts showing double digit gains across the front months. Chicago SRW contracts were rallying, as front months were up 11 to 17 cents and deferreds...
Corn futures kicked it into rally mode into Friday’s close, with contracts 5 ¼ to 7 ¼ higher on the day. The CmdtyView national average Cash Corn price was up 6 3/4 cents at $3.90. The market will...
Live cattle futures were up 42 cents in June but down 15 to 75 cents across the rest of the board on Wednesday. The Wednesday Fed Cattle online auction showed no sales on the 1,466 head offered, with 1...
The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed down -1.21%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.98%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.99%. June...