Elkhorn, Nebraska (68022)

Wheat Mostly Lower on Friday - August 12, 2022

Wheat was weaker on Friday. CBT led the way for the winter wheat, down 3 to 6 ¼ cents per bushel in the active contracts. KC HRW contracts were fractionally mixed. MPLS spring wheat futures were down 2 to 4 ¼ cents on the day. Monthly Crop Production data showed...

Cotton Closes Up the Limit - August 12, 2022

Cotton futures posted limit gains out through July ’23 on Friday. A dramatic cut to the US production number by NASS helped to push things higher. They will have expanded limits of 5 cents on Monday. USDA’s Crop Production report showed an increase to US abandonment, with harvested acres at...

Hogs Mostly Lower on Friday - August 12, 2022

Lean hog futures closed the Friday session with front months mostly 5 cents to $1.05 lower. The USDA’s National Average Base Hog price was $123.69 on Friday afternoon, up $2.32 from the previous day’s report. The August 10th CME Lean Hog Index was down 23 cents to $121.86. Front month...

Cattle Weaker on Friday - August 12, 2022

Live cattle futures ended the Friday session with front months 12 to 60 cents lower. Deferred contracts were steady to a nickel higher. So far this week cattle have changed hands at $144-148 in the north, up $4-5 on the week, with some $229-235.50 in the beef. Cash trade also...

Corn Settles With Double Digit Gains - August 12, 2022

Corn futures were skeptical coming out of the USDA reports but rallied into the close to post 10 ½ to 14 ½ cent gains in the front months on Friday. The NASS Crop Production report showed the initial corn yield at 175.4 bpa. That was down 1.6 bpa compared to...

Soybeans Close Higher Following Brief Midday Push Lower - August 12, 2022

Soybean futures had a bit of a fake out post USDA report, with contracts plunging 40+ cents intraday but closing 2 to 5 ¾ cents higher. The nearby contracts were the exception with August expiring and September up 14 ¾ cents. Meal was up $8.20/ton on the day, with bean...