Menu

Pork Network Pork Network

Click here for navigation menu

Search form

Markets

Markets

Soy complex turns lower Friday afternoon

Fine planting weather depressed corn futures again Friday. One might blame a portion of Friday’s corn weakness on the rebounding U.S. dollar, but resurgent equity indexes seemingly made that less likely. It’s much more probable that forecasts continually pointing to conditions conducive to rapid corn planting and a good emergence during early May undercut the crop markets. July corn futures dropped 3.25 cents to $3.63/bushel at Friday’s close, while December lost 3.25 to $3.8025.

Markets

Wheat futures under pressure Friday at midday

Fine planting weather is still depressing corn futures. One might blame a portion of Friday’s early corn weakness on the rebounding U.S. dollar, but resurgent equity indexes seemingly make that less likely. It’s much more probable that forecasts continue pointing to conditions conducive to rapid corn planting and a good emergence during early May. July corn futures dropped 4.75 cents to $3.615/bushel around midsession Friday, while December lost 5.0 to $3.785.

Markets

Losses in cattle market drag hogs lower on Thursday

Accelerating plantings seemed to weigh on grain futures. Today’s USDA Export Sales data may have disappointed bulls. Talk of accelerating planting as fine weather dominates the Midwest also seemed to dominate in Chicago, but bears could also point to a wire service story indicating a likely rise in Brazil’s ‘second crop’ production. May corn futures settled down 1.25 cents at $3.625/bushel Thursday, while December lost 2.0 to $3.8325.

Markets

Soy complex turns lower Thursday morning

Accelerating plantings seem to be weighing on grain futures. Today’s USDA Export Sales data may have disappointed bulls. Talk of accelerating planting as fine weather dominates the Midwest also seemed to dominate in Chicago, but bears could also point to a wire service story indicating a likely rise in Brazil’s ‘second crop.’ May corn futures slid 3.0 cents to $3.6075/bushel late Thursday morning, while December lost 3.75 to $3.8175.

Markets

West Coast leads U.S. gasoline and diesel fuel prices higher

A review of the cash flow statements for 75 global oil and natural gas companies finds that annual cash flow in 2014 was similar to 2013 and 2012, which is not unexpected given that North Sea Brent crude oil prices in 2014 averaged close to their levels in 2012 and 2013 despite a sharp decline in the last quarter. Combined cash from operations for this group of companies totaled $456 billion and capital expenditures totaled $449 billion (Figure 1). Capital expenditures for the full year decreased compared with 2013, driven by large cuts in planned investment spending in the fourth quarter. Low first-quarter 2015 crude oil prices suggest first-quarter results, which will be released over the next month, will likely show steep declines in cash flow and investment spending for this group of companies.

Markets

Soy complex leads crop markets higher on Wednesday at close

US dollar losses boosted the commodity sector Wednesday. The first estimate of first-quarter 2015 U.S. GDP fell far short of forecasts, thereby weighing on the dollar and domestic equities. The greenback breakdown looks quite supportive of the commodity sector, since it suggests a commensurate drop in the cost of American goods to export customers. Corn reacted modestly continuing Tuesday’s bounce from firm chart support. May corn futures closed up 2.75 cents to $3.6375/bushel Wednesday afternoon, while December added 3.0 to $3.855.

Markets

US dollar losses boost commodity sector Wednesday at midday

US dollar losses are boosting the commodity sector. The first estimate of first-quarter 2015 U.S. GDP came up far short of expectations, thereby weighing on the dollar and domestic equities. The greenback breakdown looks quite supportive of the commodity sector, since it suggests a commensurate drop in the cost of American goods to export customers. Corn reacted only modestly, despite what looked like a Tuesday bounce from firm chart support. May corn futures rose 0.75 cents to $3.6175/bushel late Wednesday morning, while December added 1.5 to $3.84.

Welcome

to our redesigned homepage!

Scroll Down for more stories

Feedback Form
Feedback Form