Market Snapshot
Quotes are delayed, as of November 28, 2023, 02:15:24 PM CST or prior.
Ag Commentary
- Cotton Trading Double Digits Higher
- Midday cotton action has the board 20 to 54 points in the black. March contracts are 60 points under the session high but 70 points off their daily low. The last NASS Crop Progress report for this year showed 83% of the US cotton harvest finished by 11/26, running 4%...
- Tuesday Gains for Hog Futures
- Lean hog futures are currently $0.40 to $1 in the black for a net $1.17 recovery after Thanksgiving week’s losses. USDA’s National Average Base Hog price was down another $1.52 to $59.40. The CME Lean Hog Index for 11/22 was down another 30 cents to $73.60. Chinese Dalian Live Hog...
- Cattle Rallying for Turnaround Tuesday
- After hitting new lows for the move, live cattle are rebounding triple digits with Feb up by 2.6%. Most of Monday’s action was compiling showlists, with a few $175 cleanup sales reported in the South. Feeder cattle prices are also bouncing for a turnaround Tuesday with 3.1% to 3.6% gains....
- Wheat Futures Rallying for Turnaround Tuesday
- Midday wheats are bouncing after hitting new lows. CBT SRW is working 5 to 8 ½ cents higher. Midday HRW wheat futures are up by 16 to 17 ¾ cents, and are 27 cents off their lows from earlier in the day. MGE futures are currently 10 to 11 cents...
- Corn Trading Mixed through Midday
- Front month corn futures are mixed, with Dec down by 3c and Select a penny weaker as the deferred contracts are fractionally to 2 ¼ cents higher. The Monday morning Export Inspections report showed 406,680 MT (16.01 mbu) of corn shipped during the week ending on November 23. That was...
- Beans Rallying Double Digits
- Front month beans are trading 12 to 18 cents stronger. Midday Soymeal futures are mixed, mostly weaker. Soybean Oil futures are 130 to 170 points. StatsCan data had showed Canadian canola crush was 974k MT in October. Their season total, is 2.726 MMT, and 17.9% ahead of last year. Canadian...
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