Futures Market Overview

Jim's focus on the coffee crop via his grapevine of agents at the source in three countries (He also shares a thought or two about soybeans, sugar and orange juice)

Cocoa had a huge run up in the first 4 months of the year and spread prices across the board are inflated. I expect to see continued contraction in the carry yield which will benefit “sell” calendar...

Lean hogs posted losses of 20 cents to $1.20 on the Wednesday session. USDA’s National Average Base Hog negotiated price was reported at $87.83 on Wednesday afternoon, down 37 cents from day prior. The...

Cotton futures posted a 3 cent limit gain in the July contract on Wednesday, with other contracts up 68 to 220 points. ICE did expand limits to 4 cents for the Thursday session. The outside market factors...

The wheat complex posted early strength on Wednesday, but quickly faded off for losses at the close. Chicago contracts hit a 10-month high in the front month continuation chart overnight, but posted losses...

Corn futures ended the Wednesday session with contracts showing fractional to 3 ¼ cent gains. June serial options expire against the July contract on Friday. The weekly EIA petroleum report showed 1.019...

Soybeans turned back higher on Wednesday, with contracts up 4 to 10 cents across most months led by the nearbys. Soymeal futures were up $2 to $5.90/ton across most contracts on the midweek session. Soy...

Live cattle ended the Wednesday session with contracts up $1 to $1.50 across the borad. Cash trade this week has been quiet so far, with a few light trades of $192 in the north and $187 in the South, though...