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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.

Markets

Commodity markets moved mostly lower Friday morning

Corn traders seem to be taking profits before the weekend. Despite continued equity market strength and a more stable currency situation, as well as more evidence of Russian government moves to curtail its wheat exports, the crop markets have turned decidedly lower night. Corn futures followed wheat downward, thereby seeming to reflect bullish profit-taking and farmer selling in the wake of this week’s gains. March corn futures dipped 2.25 cents to $4.0875/bushel late Friday morning, while July lost 2.5 to $4.2375.

Markets

Crop markers proved surprisingly weak Thursday night

Corn bulls may be taking profits before the weekend. Despite continued equity market strength 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 lower, thereby seeming to reflect bullish profit-taking in the wake of this week’s gains. March corn futures dropped 6.0 cents to $4.05/bushel early Friday morning, while July lost 6.0 to $4.2025.

Markets

Ag markets moved almost universally higher Thursday

Corn futures backed away from early Thursday highs. Surging equity markets reflect renewed optimism about the global economic & political outlook, which in turn seems bullish for grain demand prospects. Corn futures rallied significantly in early morning action, but slumped in the wake of the mediocre result on the weekly USDA Export Sales report. March corn futures close 2.75 cents higher at $4.11/bushel Thursday, while July added 3.0 to $4.2625.

Markets

Commodity markets moved mostly higher Thursday morning

Corn futures backed away from early highs. Surging equity markets reflect renewed optimism about the global economic & political outlook, which in turn seems bullish for grain demand prospects. Corn futures rallied significantly in early morning action, but have slumped a bit in the wake of the mediocre result on the weekly USDA Export Sales report. March corn futures rose 2.5 cents at $4.1075/bushel late Thursday morning, while July added 2.5 to $4.2575.

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