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Ag markets ended mixed again on Tuesday

Corn edged higher again Tuesday. The fact that the U.S. dollar index reached its highest level since spring 2006 seemingly did little to dampen bullish ideas in the corn market. Traders apparently believe underlying demand strength will continue supporting prices, although CBOT futures also enjoy strong technical support at slightly lower levels. March corn futures gained 2.25 cents to $4.14/bushel in late Tuesday trading, while July added 1.75 to $4.285.

Markets

Commodity markets diverged Tuesday morning

Corn edged higher again Tuesday morning. Despite the fact that the U.S. dollar index reached its highest level since spring 2006 seemingly did little to dampen bullish ideas in the crop markets. Traders apparently believe underlying demand strength will continue supporting those markets, although they also enjoy strong technical support at slightly lower levels. March corn futures gained 3.0 cents to $4.1475/bushel late Tuesday morning, while July added 2.5 to $4.2925.

Markets

Slow pre-holiday trading limited mixed crop market moves Monday night

Corn already seems stuck in holiday trading. Early Monday news of a sizeable corn sale and the strong Export Inspections result rather clearly supported the corn market yesterday. However, prices were confined to a very tight range and barely budged overnight. The market seems likely to remain well supported in the short-term, but it may not move much when significant news isn’t driving prices. March corn futures slipped 0.25 cent to $4.115/bushel Monday night, while July skidded 0.5 to $4.2625.

Markets

Ag markets proved quite mixed again Monday

News of strong demand supported corn futures Monday. Slow trading and limited price action may prevail during the next two weeks as many in the financial industry celebrate the holidays. Conversely, news events might spur choppy action if/when large orders swamp low volume trading. Early news of a sizeable corn sale and the strong Export Inspections result rather clearly boosted the corn market today. March corn futures settled up 1.25 cents at $4.1175/bushel Monday, while July added 0.75 to $4.2675.

Markets

Commodity markets posted some surprising moves Monday morning

News of strong demand is supporting corn futures. Expect slow trading and limited price action over the next two weeks as many in the financial industry celebrate the holidays. Conversely, news events might spur choppy trading as low trading volume tries to accommodate orders. This morning’s news of a sizeable corn sale and the strong Export Inspections result are rather clearly boosting the corn market. March corn futures gained 0.75 cents to $4.1125/bushel late Monday morning, while July added 0.25 to $4.2225.

Markets

Crop markers are mixed in early holiday trading

Talk of strong demand reportedly supported corn Sunday night. Expect slow trading and limited price action over the next two weeks as many in the financial industry celebrate the holidays. Conversely, news events might spur choppy trading as low trading volume tries to accommodate orders. Wire service sources cited strong demand and possible spillover from the wheat pit for limiting corn losses Sunday night. The market seems likely to test moving average support before Christmas.

Markets

Hog Outlook: Average price of pork up 28.8 cents from last year

Clemons Food Group has announced plans to build a large new hog slaughter plant in Coldwater, Michigan. The plant is planned to begin operations in late 2017. This will be the nation's first large hog slaughter plant since the Triumph Foods plant opened in St Joseph in January 2006.

Markets

Ag markets posted divergent performance Friday

Corn traders seem to be balancing positions before the weekend. Despite firm equity markets and a more stable currency situation, as well as more evidence of Russian government moves to curtail its wheat exports, the crop markets turned decidedly lower Thursday night. Corn futures followed wheat downward, but firmed later in the day when a private forecaster predicted reduced 2015 plantings. March corn futures closed 0.5 cent lower at $4.105/bushel Friday, while July skidded 0.25 to $4.26.

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