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USDA grain reports on June 12th

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Cattle Markets make new all-time highs, Hogs make new contract high

Jim summarizes his latest views on the most active markets in grains and soft commodities

Soybeans held onto gains into the Friday close, with contracts climbing another 3 to 6 cents. Jul was up 15 ½ cents on the week, as November gained back 10 ¼ cents. The cmdtyView Cash Bean price was...

The wheat complex posted gains on Friday, with contracts closing near their highs. Chicago SRW futures were 9 to 10 cents in the green at Friday’s close, as July rallied 20 ¾ cents on the week. Kansas...

Live cattle futures pushed the gain into the close, rallying to new all time highs and up $1.55 to $3.40 on the day. June was up $10.82 this week. Cash trade this week saw wide ranges mostly $230-232 in...

The S&P 500 Index ($SPX ) (SPY ) Friday closed up +1.03%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +1.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.99%. June E-mini S&P futures...

To repeat the most common phrase this week, "what a time to be in the cattle business"!

The dollar index (DXY00 ) Friday rose by +0.44%. The dollar moved higher Friday on the heels of a better-than-expected US May payroll report, easing concerns that the US labor market was cooling. Also,...

July WTI crude oil (CLN25 ) Friday closed up +1.21 (+1.91%), and July RBOB gasoline (RBN25 ) closed up +0.0139 (+0.67%). Crude oil and gasoline prices on Friday settled higher, with crude climbing to a...

July Nymex natural gas (NGN25 ) on Friday closed up by +0.107 (+2.91%). July nat-gas prices on Friday rallied to a 1-week high and settled sharply higher as US weather forecasts turned hotter, potentially...

July NY world sugar #11 (SBN25 ) Friday closed down -0.08 (-0.48%), and August London ICE white sugar #5 (SWQ25 ) closed up +1.90 (+0.41%). Sugar prices on Friday extended their two-month-long selloff,...

July ICE NY cocoa (CCN25 ) Friday closed up +183 (+1.82%), and July ICE London cocoa #7 (CAN25 ) closed up +225 (+3.40%). Cocoa prices on Friday extended this week's rally to 2-week highs due to the slowing...

July arabica coffee (KCN25 ) Friday closed down -1.70 (-0.47%), and July ICE robusta coffee (RMN25 ) closed down -153 (-3.33%). Coffee prices on Friday gave up an early advance and turned lower on harvest...
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In Thursday’s unusual options activity, there were 1,399, split almost evenly between puts (705) and calls (694). Of the top 100 by Vol/OI ratios, the top three ratios range from 81.86 to 69.31.

Corn futures are seeing some unwinding from the recent bear spreading as midday, with contracts fractionally to 5 cents higher. The front month CmdtyView national average Cash Corn price is up 4 3/4 at...

Soybeans are recovering from overnight weakness on Friday, with midday strength of 2 to 7 cents. The cmdtyView Cash Bean price was up 7 cents to $10.14. Soymeal futures are down $1.20/ton higher, as Soy...

Lean hog futures are rallying on Friday, with contracts up $1.25 to $2.07 at midday. USDA’s national average base hog negotiated price was reported at $100.55 on Friday morning, up 93 cents. The CME...

The wheat complex is posting gains across the three markets on Friday. Chicago SRW futures are 7 to 8 cents in the green at Friday’s midday. Kansas City HRW contracts are popping 4 to 5 cents higher...

Live cattle futures are up another 75 cents to $2 so far on Friday. Cash trade saw action increase to $230-232 sales in the South. North action has been $240-242. Feeder cattle futures are mixed, with...

Cotton futures are posting 30 to 46 points across most contracts at midday. Crude oil prices are up $1.37/barrel, closing in on $65, with the US dollar index back up $0.466 at midday to $99.170. USDA’s...

July NY world sugar #11 (SBN25 ) today is down -0.09 (-0.54%), and August London ICE white sugar #5 (SWQ25 ) is up +1.20 (+0.26%). Sugar prices today extended their two-month-long selloff, with NY sugar...

July ICE NY cocoa (CCN25 ) today is up +147 (+1.46%), and July ICE London cocoa #7 (CAN25 ) is up +178 (+2.69%). Cocoa prices today extended this week's rally to 2-week highs due to the slowing pace of...

July arabica coffee (KCN25 ) today is down -2.20 (-0.57%), and July ICE robusta coffee (RMN25 ) is down -85 (-1.85%). Coffee prices today gave up an early advance and turned lower on harvest pressures...

July WTI crude oil (CLN25 ) today is up +0.99 (+1.56%), and July RBOB gasoline (RBN25 ) is up +0.0052 (+0.25%). Crude oil and gasoline prices are moving higher today, with crude climbing to a 1-1/2 month...