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Futures
Quotes are delayed, as of May 14, 2021, 08:46:33 AM CDT or prior.

Commentary
Soybean Futures Recover 12 to 18 Cents
Soybeans start your Friday 12 to 18 cents higher following overnight adjustments to yesterday’s excesses. Front month soybeans closed the Thursday session with losses of 35 3/4 to 58 1/2 cents. The abrupt drop felt like long liquidation, and it was.  Preliminary OI dropped 7,844 contracts on the day. Meal...
Hog Futures Back Off as Base Hog Price Retreats
At the Thursday close, hog prices were $1.45 to $1.92 in the red. USDA’s National Average Afternoon Base Hog price for Thursday was down another $2.28 to $113.45. The May 11th CME Lean Hog Index was another 12 cents higher at $110.95.   USDA’s Export Sales report showed 14,745 MT...
Corn Bounces After Thursday Debacle
Corn futures are up 6 to 15 cents this morning on pre-weekend profit taking after the big Thursday sell off. On Thursday corn touched limit down in several contracts, although only July ultimately closed at the -40 limit. New crop futures ended the session 34 to 38 cents weaker, preventing...
Cotton Futures Work Back to Positive Territory Early Friday
Cotton futures initially added to the sharp Thursday loss overnight but are trying the bull side this morning with gains of 7 to 46 points. At the close of the Thursday session, front month cotton futures were 202 to 325 points in the red. Old crop July was the weakest,...
Wheat Futures Offset Some of Thursday Losses
Wheat futures are double digits higher to start the day, with 16 to 19 cent advances across the three US markets. Front month wheat futures came off the lows on Thursday, but still closed about 30 cents lower. CBT futures ended the session 25 to 28 1/4 cents in the...
Cattle Futures Follow Grains on Fund Influence
Fat cattle futures bounced back from limit losses touched earlier on Thursday, though they still closed $2.50 to $3.00 in the red. Cash cattle sales for the week so far have been $119 to $120.25. Dressed trade seems to have gravitated to $191. Feeder cattle futures ended the Thursday round...

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