Sign In  |  Register  |  Find Reseller  |  Syngenta Global
Market Headlines
Hogs: Afternoon Comments (Friday, May 22, 2015 19:05:55)

Hog futures ended the week on a firm note. Today’s midsession cash and wholesale quotes proved quite weak, while the monthly USDA Cold Storage report indicated huge pork holdings in U.S. freezers. The fact that futures held up surprisingly well despite that news suggests considerable bearishness was already built into the market. The late day firmness was impressive. June hog futures slipped 0.05 cents to 83.72 cents/pound in late Friday action, while December inched up 0.05 to 70.25.

Soybeans: Afternoon Comments (Friday, May 22, 2015 19:04:42)

The soy complex also turned mostly lower. Signs of persistently firm demand for soybeans and meal have supported those markets lately and may partially explain the firmness exhibited by meal futures today. However, huge South American supplies and prospects for a strong start to the U.S. growing season remain obstacles for bulls. Today’s greenback rally and the downturn posted by the energy complex (which apparently includes soyoil these days) weighed on soybean futures. July soybean futures dove 14.25 cents to $9.2425/bushel at their week-ending settlement, while July soyoil fell 0.61 cents to 31.64 cents/pound, but July meal inched up $0.1 to $304.2/ton.

Corn: Afternoon Comments (Friday, May 22, 2015 19:04:15)

US dollar strength once again weighed on the commodity sector Friday. A relatively high reading for Core-CPI on a Friday morning report sent the U.S. dollar higher, which in turn undercut the commodity markets. Actually, it wasn’t terribly surprising to see the corn setback, since the market had risen rather significantly lately despite generally bearish fundamentals, especially with the long weekend looming. July corn futures sank 5.0 cents to $3.60/bushel at Friday’s close, while December dipped 4.5 to $3.7775.

Wheat: Afternoon Comments (Friday, May 22, 2015 19:05:03)

Technical selling may have exaggerated wheat losses. The wheat markets were threatening a breakout to the upside Thursday night, but proved unable to do so Friday. Thus, selling stemming from the dollar surge and generally negative old-crop supply conditions, as well as pre-weekend long liquidation, was probably exaggerated by the technical failure. July CBOT wheat futures closed 6.75 cents lower at $5.1525/bushel Friday, while July KC wheat plunged 11.25 cents to $5.465/bushel, and July MWE wheat tumbled 9.5 to $5.6875.

Cotton: Afternoon Comments (Friday, May 22, 2015 19:06:23)

Financial market action seemed to depress cotton futures Friday. Bullish traders had to hope cotton futures would firm or bounce from technical support today, especially with the long holiday weekend seeming likely to spur short covering before the close. However, the U.S. dollar surge and concurrent stock market slippage signaled diminished apparel demand going forward and probably powered the subsequent ICE selling. July cotton slumped 0.43 cents to 63.30 cents/pound as Friday New York trading ended, while December futures slid 0.32 to 64.38. 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.