Sign In  |  Register  |  Find Reseller  |  Syngenta Global
Market Headlines
Hogs: Afternoon Comments (Friday, April 17, 2015 18:49:25)

Wholesale strength limited CME hog losses. Bullish seasonal expectations are built into hog futures, so divergences from an upward cash trend, as seemed to be the case this morning, tend to weigh on Chicago prices. However, midsession news of modest pork gains apparently limited the decline, since that encourages packer demand for swine. June hog futures slipped settled just 0.10 cents lower at 76.27 cents/pound Friday, while December sank 0.52 to 67.87.

Soybeans: Afternoon Comments (Friday, April 17, 2015 18:48:04)

The soy complex softened as the weekend neared. Although futures didn’t react quickly, the soybean and meal results on Thursday’s USDA Export Sales report were surprisingly good. Those markets posted a Thursday rally and sustained gains this morning. Today’s energy market losses apparently dragged soyoil futures downward. Indeed, big equity losses may also have exerted downward pressure upon the ag markets prior to their week-ending settlement. May soybean futures ended Friday having climbed 2.75 cents to $9.6875/bushel, while May soyoil slid 0.24 cents to 31.52 cents/pound, and May meal advanced $2.6 to $315.0/ton.

Corn: Afternoon Comments (Friday, April 17, 2015 18:47:36)

Rainy weather may have affected corn futures. The corn market seemingly had few reasons to rally Friday, especially with the stock market diving and the U.S. dollar rebounding. The yellow grain may simply have reacted to firm soy and wheat quotes, but one also has to wonder if the early strength reflected ongoing planting delays and forecasts for wet, cool weather into early May. May corn futures rose 3.5 cents to $3.7975/bushel in late Friday action, while December added 3.0 to $4.0325.

Wheat: Afternoon Comments (Friday, April 17, 2015 18:48:31)

Wheat futures also weakened into Friday’s close. Speculative/hedge buying seemed to boost winter wheat futures as the weekend loomed, but the market ran out of steam Friday afternoon. Improved rainfall and weak demand prospects seemingly weighed on Minneapolis prices. Wire service sources cited late technical selling, but we also suspect long liquidation. May CBOT wheat stalled at $4.945/bushel at their Friday settlement, while May KC wheat inched up 1.0 cent to $5.0925/bushel, but May MWE wheat skidded 2.25 to $5.3275.

Cotton: Afternoon Comments (Friday, April 17, 2015 18:49:50)

Cotton ended the week quite poorly. Thursday’s bearish cotton export data triggered a test of pivotal moving average support for the nearby ICE contracts. They bounced later in the day, but Friday’s big stock market losses seemingly spurred fresh selling. Losses in the expiring May contract were limited, but deferred futures close below major moving average support. May cotton slumped 0.69 cents to 63.32 cents/pound shortly after noon (EDT) Friday, while December futures tumbled 0.98 to 63.64. is your source for ag news and information on crop pest identification, commodity and market prices, agricultural news & issues, and access to crop production management tools such as crop yield & planting calculators and herbicide, fungicide, and weed control information.