Soybean Futures Fall to Four-year Low
Blog Post Top

U.S. hog futures climbed into the end of the session Tuesday, as traders searched for signs that tumbling cash-market and pork prices will spark fresh demand.  October hog futures gained 165 to 95.10, after falling to the lowest closing price for any front-month contract last week. December hogs rose 170 to 89.70.

 

Cattle futures settled higher ahead of the front-month August contract’s expiration later this week. Last week cattle owners fetched as much as $155 live for their animals, which is sharply higher than the October live-cattle futures contract, which becomes the front-month issue next week. August live-cattle gained 80 to $153, most-active October live-cattle rose 10 to $148. October feeder-cattle gained 72 to $212.

Soybeans fell to their lowest intraday price for a front-month contract in almost four years as the September contract nears expiration, spurring investors to close out their positions. Meanwhile, corn prices fell to the lowest price in more than two weeks, also as investors have been selling September contracts and as continued rain falls in parts of the Midwest. Wheat prices dropped, as tensions eased between Ukraine and Russia, both large exporters of the grain, leading investors to believe that the region’s grain trade will not be disrupted.

September soybean plunged 50 1/4 to $10.75, September corn dropped 4 to $3.56, September Chicago wheat fell 1 3/4 to $6.21, and September KC wheat fell 1 ¾ to $6.21.

Cotton futures continue to inch upwards, despite market indicators to the contrary.  October cotton gained 60 to 68.26, and December new crop gained 51 to 66.66.

Gold prices ended higher on Tuesday, despite easing tension between Israel and Hamas, a stronger dollar and rising equity markets, as crises elsewhere and the start of an Indian festival season supported the market.

December gold rose $6.30 to $1,285.20, December silver closed at $19.45, up 2.9 cents.

U.S. crude-oil futures ticked higher Tuesday on expectations that supplies of crude oil and petroleum products fell last week.

October crude rose 51 cents to $93.86 a barrel, September gasoline rose 1.34 cents to $2.76 a gallon, and September diesel edged up a fraction to $2.84

Natural-gas prices closed lower Tuesday with traders unconvinced that a warming forecast would translate into a significant increase in demand.
September nat gas fell 2.6 cents to $3.91.

On Wall Street, stocks advanced modestly on Tuesday as both the Dow and S&P 500 backed off after hitting fresh intraday records on the heels of strong consumer data, which suggested that the market’s long-running rally could keep going.  The Dow gained 29 to 17,106, the Nasdaq closed at 4,570, up 13 and the S&P 500 gained 2 to close at 2,000.

A native of the Texas Panhandle, Rhonda was born and raised on a cotton farm where she saw cotton farming evolve from ditch irrigation to center pivot irrigation and harvest trailers to modules. After graduating from Texas Tech University, she got her start in radio with KGNC News Talk 710 in Amarillo, Texas.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Blog Post Right - 1
Blog Post Right-1

Blog Post Right - 2_crawford
Blog Post Right - 2

Upcoming Events

Dec
1
Mon
9:00 am Fresh Produce Good Agricultural Practices Workshop Series @ NCCE - Union County Center, 2
Fresh Produce Good Agricultural … @ NCCE - Union County Center, 2
Dec 1 @ 9:00 am – 4:00 pm
Part 1 – Principles of Fresh Produce Safety & Navigating the USDA GAP Audit. To Register online, visit www.carolinafarmstewards.org and go to events tab, or [...]
Dec
2
Tue
all-day Southeast Vegetable and Fruit Expo @ Kingston Plantation Embassy Suites, Myrtle Beach, SC
Southeast Vegetable and Fruit Expo @ Kingston Plantation Embassy Suites, Myrtle Beach, SC
Dec 2 – Dec 3 all-day
This conference is for commercial vegetable growers in North and South Carolina with an educational program put together by university extension specialists and agents
12:30 pm Eastern Carolina Cattleman’s Conference @ Sampson County Agri-Exposition Center
Eastern Carolina Cattleman’s Con… @ Sampson County Agri-Exposition Center
Dec 2 @ 12:30 pm – 6:30 pm
Schedule 12:30 – 1:00 p.m. – Registration/Trade Show 1:00 – 1:30 p.m. – Welcome and Announcements 1:30 – 2:30 p.m. – Managing Cull Cows: When [...]
Dec
4
Thu
all-day 71st Annual Meeting of the South Carolina Farm Bureau Federation @ Myrtle Beach, SC
71st Annual Meeting of the South… @ Myrtle Beach, SC
Dec 4 – Dec 6 all-day
The SC Farm Bureau is looking forward to your attendance at our 71st Annual Meeting.  This three-day meeting in Myrtle Beach, SC features educational sessions, [...]
all-day NC Tobacco Day 2014 @ Johnston County Extension Center
NC Tobacco Day 2014 @ Johnston County Extension Center
Dec 4 all-day
NCSU Tobacco Day will be held on December 4, 2014 at the Johnston County Agricultural Center located at 2736 NC Highway 210, Smithfield, NC.  The [...]

View Calendar