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- Cotton Bulls Gain Back Some Ground on Friday Morning
- Cotton prices are up 22 to 32 points early on Friday morning. Futures closed Thursday with 49 to 69 point losses. Crude oil prices were back up $2.33/barrel. The US dollar index was up $1.05 to $100.485. USDA’s Export Sales report showed a total of 65,764 RB of 2024/25 cotton...
- Cattle Look to Round Out Week of Gains
- Live cattle futures were up $1.30 to $1.75 on Thursday. Preliminary open interest was down 2,058 contracts on Thursday, with 11,270 coming out of June. Cash action started off with sales of $218-220 in the South, with northern action at $225-228 kicking up on Thursday. Feeder cattle futures led the...
- Hogs Look to Friday Trade After Thursday Pressure
- Lean hog futures closed with contracts down 15 to 50 cents in the nearbys and July up 75 points. USDA’s national average base hog negotiated price was reported at $94.02 on Thursday afternoon, up $1. The CME Lean Hog Index was another 3 cents higher on May 6, at $90.16....
- Soybeans Sneaking out Gains Early on Friday
- The soybean market is showing gains of 2 to 5 1/2 cents on Friday morning. Soybeans saw 3 to 6 cent gains across most contracts on Thursday, fighting off midday pressure. Preliminary open interest was up 5,894 contracts on Thursday, most coming in November. There were another 3 deliveries issued...
- Wheat Looking at Slightly Higher Trade on Friday Morning
- Wheat posting fractional to 2 cent gains on Friday AM trade. The wheat complex held the weakness into the Thursday close. Chicago SRW futures were down 5 cents in the front months. Thursday’s Preliminary open interest was up 5,561 contracts. There were another 9 deliveries issued against May CBT wheat...
- Corn Bulls Trying to Show Strength at Week-End
- Corn futures are trading with 2 to 5 ½ cent gains so far on Friday morning. The corn market pulled off the session lows into the Thursday close, with contracts down 1 to 2 cents at the close. Preliminary open interest was up 26,996 contracts on Thursday. There were another...
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