Weekend Ag Update (Grains & Livestock)

Corn


Last Weeks Close:December corn futures finished Fridays session down 4 cents, extending losses for the week to 7 cents. For the week, futures traded in a 12 cent range. Fridays Commitment of Traders report showed funds bought back 60,657 futures through October 16th, putting them in net long territory by 21,258 contracts.


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Soybeans


Last Weeks Close: November soybean futures finished Fridays session down 7 cents, extending losses for the week to 11 cents. For the week, futures traded in a 35 cent range. Fridays Commitment of Traders report showed funds bought back 8,579 futures through October 16th, shrinking their net short position to 31,112 contracts.


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Wheat


Last Weeks Close: December wheat futures finished Fridays session up of a cent, trimming losses for the week to 4 cents. For the week, Futures traded in a 16 cent range. Fridays Commitment of Traders report showed funds bought 1,846 futures through October 16th, shrinking their net short position to 16,252 contracts.


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Live Cattle


Last Weeks Close: December live cattle finished Fridays session down .30, trimming gains for the week to .575. For the week, futures traded in a range of 1.975. Fridays Commitment of Traders report showed funds sold 757 futures through October 16th, trimming their net long position to 77,695 contracts.


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Feeder Cattle


Last Weeks Close: November feeder cattle finished Fridays session down .15, extending losses for the week to .225. For the week, futures traded in a range of 2.80. Fridays Commitment of Traders report showed funds sold 3,283 futures through October 16th, trimming their net long position to 2,115 contracts.


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Lean Hogs


Last Weeks Close: December lean hogs finished Fridays session down .675, extending losses for the week to 3.30. For the week, futures traded in a range of 6.825. Fridays Commitment of Traders report showed funds sold 2,987 futures through October 16th, trimming their net long position to 33,679 contracts.


Quick Take:Click this link to get our full commentary.


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