Sign In  |  Register  |  Find Reseller  |  Syngenta Global
Market Headlines
Cotton: Afternoon Comments (Monday, July 28, 2014 01:58:27)

Cotton futures rebounded modestly from last week’s late break. As with the grain markets, there was little fresh cotton news today. The weather still looks conducive to a very large U.S. crop this fall, but the sheer size of the spring price drop has traders wondering if a bottom is near. Having prices hold at current levels for a few days could encourage bulls greatly. December cotton ended Monday’s ICE session 0.53 cents higher at 65.88, while March futures advanced 0.60 cents to 66.63 cents/lb.

Wheat: Afternoon Comments (Monday, July 28, 2014 01:58:27)

The wheat markets remained generally weak. Wheat futures have been blessed with little news lately, but today’s Export Inspections report likely disappointed bulls. The published figure at 396,000 tonnes fell slightly below the forecast range. Futures actually bounced from overnight lows, but also failed at moving average resistance Sunday night. September CBOT wheat settled down 3.25 cents at $5.3475/bushel Monday afternoon, while September KC wheat slumped 5.75 cents to $6.255/bushel, and September MWE wheat dropped 6.5 cents to $6.2125.

Soybeans: Afternoon Comments (Monday, July 28, 2014 01:58:27)

The soy complex topped significant technical resistance Monday. Talk of strong bean sales to China, as indicated by early-morning news and the Export Inspections report, as well as signs of persistent Corn Belt dryness boosted bean and product prices to start the week. The nearby bean and meal contracts also overcame resistance associated with their 20-day moving averages, which sparked additional gains. August soybean futures jumped 24.25 cents to $12.365/bushel in late Monday action, while November futures surged 24.0 cents to $11.075. August soyoil bounced 0.43 cents to 36.52 cents/pound and August soymeal added $4.8 to $402.8/ton.

Corn: Afternoon Comments (Monday, July 28, 2014 01:58:27)

Corn futures followed the soy markets higher. The prospect of a huge fall crop has badly depressed corn futures, but prices rebounded in concert with the soy complex Monday. Talk of surging export demand for soybeans and dryer August weather is apparently supporting the markets. Traders were probably disappointed by the Export Inspections result, but futures acted well anyway. September corn gained 4.75 cents to $3.5775/bushel at their Monday close, while December rose 5.0 cents to $3.7675.

Hogs: Afternoon Comments (Monday, July 28, 2014 01:58:27)

Hog futures couldn’t sustain Monday’s opening gains. Strength spilling over from the cattle market and talk of slowing cash losses apparently sparked CME hog gains upon today’s opening. However, the cattle reversal and concerns about a potential late-summer confluence of increased supply and reduced demand seemed to come to the fore soon thereafter. August hog futures edged up 0.05 cents to 123.67 in late Monday action, while December fell 0.80 cents to 97.35. 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.