Stocks Fall and Oil Rallies as Israel Attacks Iran

The S&P 500 Index ($SPX ) (SPY ) fell -1.13%, the Dow Jones Industrials Index ($DOWI ) (DIA ) fell -1.79%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) fell -1.29%. June E-mini S&P futures (ESM25 ) fell -1.06%, and June E-mini Nasdaq futures (NQM25 ) fell -1.20%. Stock…

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Corn Pushes Gains into Friday’s Close

Corn futures closed out Friday trade with some strength, as July was 6 cents higher and some new crop contracts posting 2 to 3 cent gains. July corn closed the week with a 2 cent pop, with December slipping back 6 1/4 cents on the week. The front month CmdtyView…

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Cotton Close Out Friday with Gains

Cotton futures posted marginal 22 to 45 point gains on Friday, with some help from the outside markets. July was down 26 points this week, with December closing 37 points lower. Crude oil was up $5.27/barrel on Friday, following Israel strikes on Iran overnight. The US dollar index was back…

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Hogs Close Mixed on Friday

Lean hog futures ended the week mixed, with contracts up 60 cents to a nickel lower, as July was up $2.375 on the week. USDA’s national average base hog negotiated price was reported at $104.95 on Friday morning, down $1.00 from the day prior. The CME Lean Hog Index was…

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Crude Oil Prices Soar on Israel’s Attack on Iran

July WTI crude oil (CLN25 ) closed up +4.94 (+7.26%), and July RBOB gasoline (RBN25 ) closed up +0.0847 (+3.95%). Crude oil prices early Friday initially soared by +11% after news that Israel launched a major military strike on Iran, although prices then settled back and closed the day up…

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Soybeans Rallying on RVO News

Soybeans are trading with Friday midday gains of 24 to 27 cents at midday, following the bean oil market. The cmdtyView Cash Bean price is 25 1/2 cents higher to $10.20 1/4. Soymeal futures are down $1.80/ton, as Soy Oil is leading the charge for the complex with limit 3…

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Wheat Rallying Double Digits on Friday

The wheat complex is polishing off the week with gains across the three exchanges. Chicago SRW futures is up 16 to 17 cents so far on the day. Kansas City HRW contracts are 15 to 16 cents higher at midday. Minneapolis spring wheat futures are up 10 to 11 cents…

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Hogs Posting Mixed Trade

Lean hog futures are mixed on Friday, with nearbys up 10 to 50 cents and other contracts weaker. USDA’s national average base hog negotiated price was reported at $104.05 on Friday morning, down $1.14 from the day prior. The CME Lean Hog Index was up 84 cents on June 11,…

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