Soy Complex Mixed at Midday - January 20, 2021

Soybean futures are off the lows at midday, but still 18 to 20 1/4 cents in the red. Dalian soybeans closed the 19th at 5,764 yuan/MT (~ $24.25/bu) for March. May beans in China closed in the black at 5,800 yuan/MT (~ $24.40/bu). The ~15 cent carry in China compares...

Cotton Firmly Mixed at Midday - January 20, 2021

Midday cotton trading has prices firm on both sides of UNCH. July is the largest old crop change at minus 8 points to 82.76 cents. Nearby March is 5 points stronger to 81.20 cents/lb. May and October contracts are UNCH, and new crop Dec is down 27 points. Chinese cotton...

Wheat Sliding on Wednesday - January 20, 2021

Wednesday wheat futures prices are working lower at midday. CBT futures are down 3 1/4 to 7 3/4 cents so far. HRW futures are 4 1/4 to 6 1/4 cents in the red. Spring wheat futures are down 6 to 7 3/4 cents. China sold 3.94 MMT of wheat from...

Corn in Red Again on Wednesday - January 20, 2021

Midday corn prices are down 4 1/4 to 7 3/4 cents, coming off overnight lows that closed the chart gap left behind following the limit up move on the 12th. Corn futures on the Dalian Grains Exchange closed firm yesterday, at 2,867 yuan/MT (~ $11.26/bu) March and 2,876 yuan/MT (~...

Hogs Recovering at Midday - January 20, 2021

After some triple digit losses to start the short week, the wobbly Wednesday action has futures up $0.87 to $1.20. The CME Lean Hog Index was back up by 36 cents on 1/18 to $65.92. Pork cutout futures are 82 to 90 cents in the black at midday. USDA’s National...

Cattle Complex Mixed at Midday - January 20, 2021

Wednesday fat cattle futures are trading mostly lower, with losses limited to 62 cents at midday. Feb futures are 35 cents higher at midday. Feeders are in the black with triple digit gains on cheaper feed. The CME Feeder Cattle Index was $0.51 lighter at $132.90 on 1/18. The FCE...

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