Commentary
- Cotton Resumes Slide on Monday
- The cotton market resumed its slide on Monday, as contracts were down 22 to 100 points at the close. The outside influences had little effect, as the US dollar index was up 42 points, with crude oil 57 cents higher. The US cotton crop was reported at 24% planted as...
- Wheat Rallies From Overnight Weakness as KC Hits 5 Month High
- The wheat complex faced initial selling overnight, but bulls woke up with a vengeance to rally all three exchanges on Monday. Chicago contracts ended out the day with gains of as little of 10 ¼ cents in the deferreds to 26 ¼ cents for the nearbys. Kansas City futures were...
- Hogs on the Lower Side of Steady to Start the Week
- Lean hogs settled the Monday session with contracts steady to 77 cents lower. USDA’s National Average Base Hog negotiated price was up $3.03 in the Monday afternoon report at $92.41. The CME Lean Hog Index was up another 4 cents on May 2 at $90.96. USDA’s National Pork Carcass Cutout...
- Cattle Mostly Lower on Monday, as Feeders pressured by Corn Strength
- Live cattle closed the Monday session with contracts down 15 to 87 cents across most contracts, as June was the lone higher contract, up 15 cents. Cash trade was slow to develop last week, with sales of $184 in the South and a few trades in the North in a...
- Soybean Rally Leads to 4-Month High
- Soybeans ended the Monday session withing a few cents from the day’s high. Contracts were up 15 ¾ to 33 ¾ cents across the board at the close. Forecasts for heavy rain totals in Southern Brazil, on top of already flooded areas, with some beans still to be harvested was...
- Corn Rallies into Monday Close, USDA Confirms Slowdown to Planting Pace
- Corn quickly erased the overnight weakness once the day session began, as contracts rallied throughout the day. Futures were up anywhere from 2 to 10 cents across the board, with the strength led by the front months. Export Inspections data from this morning showed 1.28 MMT of corn shipped during...
Custom Quotes
Quotes are delayed, as of May 06, 2024, 11:31:08 PM CDT or prior.
Local Weather
