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Markets

Ag markets generally diverged Friday

Corn traders may have squared positions before the weekend. After exhibiting considerable strength over the previous week, corn futures declined Thursday and continued sliding today. There was little fresh news, and the financial markets essentially stalled. Thus, today’s corn slippage probably resulted traders and funds squaring positions before the weekend and next Tuesday’s important USDA reports. May corn futures slipped 0.25 cent to $3.91/bushel at Friday’s CBOT settlement, while December stalled at $4.1475.

Markets

Natural gas prices hold steady

Outside of New England, prices at most locations remain flat with warmer temperatures. Natural gas prices at most trading locations remained at or near their report week start point, Wednesday to Wednesday, as seasonal temperatures held through the week. With the exception of New England, most locations stayed within 10¢ of their price last Wednesday through the report week. The Henry Hub spot price last Wednesday was $2.77/MMBtu and gained 5¢ through Friday, before dropping to end the week at $2.74/MMBtu.

Markets

Ag markets were decidedly mixed at midsession Friday

Corn traders may be squaring positions before the weekend. After exhibiting considerable strength over the previous week, corn futures declined Thursday and have continued sliding today. There’s little fresh news, and the financial markets have essentially stalled. Thus, we suspect today’s corn slippage is the result of traders and funds squaring positions before the weekend and next Tuesday’s important USDA reports. May corn futures slipped 1.5 cents to $3.8975/bushel late Friday morning, while December lost 1.25 to $4.135.

Markets

Depressed hog futuers defied Thursday's bearish ag market tone

Corn futures turned lower Thursday. After exhibiting considerable strength over the past week, corn futures declined today. That may have reflected long liquidation before the weekend and next Tuesday’s big USDA reports, but traders may also have been reacting to recent equity market losses, as well as the morning rebound by the U.S. dollar. The latest stock market bounce seemed to have little effect. May corn futures ended Thursday having sagged 3.75 cents to $3.9125/bushel, while December dipped 3.25 to $4.1475.

Markets

Hogs bucked the bearish ag market trend Thursday morning

Corn futures turned lower Thursday morning. After exhibiting considerable strength over the past week, corn futures turned lower this morning. That may have reflected long liquidation before the weekend and next Tuesday’s big USDA reports, but traders may also have been reacting to the equity market losses sustained this week, as well as the morning rebound by the U.S. dollar. Both are seen as negative for commodity demand. May corn futures sagged 2.75 cents to $3.9225/bushel late Thursday morning, while December slid 2.5 to $4.155.

Markets

Modest corn gains topped most other ag markets Wednesday

Corn futures edged higher again Wednesday. Talk of reduced corn plantings apparently supported the corn market again today. Bulls were also encouraged by the early Canadian Wheat Board (CWB) forecast for a 16.2 million tonne annual decline in 2015/16 global production. May corn futures settled up 1.75 cents to $3.95/bushel Wednesday, while December corn inched 0.75 higher to $4.18.

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