Market Snapshot
Quotes are delayed, as of June 01, 2023, 04:18:09 PM CDT or prior.
Ag Commentary
- July Cotton On a Rally through Midday
- The July cotton contract is beginning the month of June with a 3.7% gain of +3 cents. The other front months are also rallying through midday with gains of 145 to 195 points. The Cotlook A Index for 5/31 was 94.15 cents/lb, up by 40 points. The AWP for cotton...
- Hogs Futures Slipping
- Midday hog quotes are mostly in the red, save for a 37 cent gain in the June. The other nearbys are down by as much as 3.5% following the sharp gains to start the week. USDA’s National Average Base Hog price was another $5.13 higher on Thursday morning to $85.58....
- Sharp Rally For Cattle Market
- Live cattle are working near their new LoC highs with midday gains of +2%. The June contract is up $4.90 so far, and us 30 cents under where April expired. Thursday’s FCE auction had 916 head listed, with 146 heifers sold at $173.50 and 277 steers sold for $174.50. USDA...
- Midday Wheat Prices are Double Digits Higher
- Front month wheat futures are trading double digits higher across the domestic classes. CBT SRW is up as much as 2.9% so far with 15 to 17 1/4 cent gains. Midday KC quotes are 10 to 11 3/4 cents in the black. Spring wheat future on the MGE are up...
- 20c Gains in Soybeans
- Midday soybean quotes are 18 to 26 1/4 cents in the black. The July contract has dropped by 9 cents since the early session high, but is still leading the market on a 2% gain. The meal futures are trading $5.40 to $7 higher so far. Soybean oil futures are...
- Corn Off Highs, Still Up for the Day
- Midday corn quotes are 2 1/4 cents higher for July contracts, which is nearly a dime off the high, and 8 to 9 1/4 cents higher for the other nearbys. December corn quotes have faded by 5 3/4 cents from the early session strength. Trade estimates ahead of the weekly...
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