Market Snapshot
Quotes are delayed, as of December 05, 2023, 01:23:24 PM CST or prior.
Ag Commentary
- Corn Stronger into Midday
- Front month corn prices are fractionally to 4 ¾ cents higher. There were 532 delivery notices overnight against December corn futures. The oldest long is now dated 11/30/23. ADM did stop 167 of those for the house account. South Korea’s KFA is on the market for 68k MT of feed...
- Cotton Turning Around for Tuesday
- The front month cotton market is 19 to 109 points higher through the midday portion of Tuesday. Dec contracts were shown with only 1 contract of OI as of the Mondy settle. The Dollar Index was higher on Monday, and is adding to the bounce through Tuesday’s midday. The Cotlook...
- Tuesday Hogs Fading Triple Digits
- Nearby hog futures are currently down by $0.85 to $1.20. That has the Feb contract at a net 37c loss so far this week. The National Average Base Hog price fell by $2.26 to $53.96 in the AM report. The 11/30 CME Lean Hog Index was down by 77 cents...
- Another Double Digit Loss Session for Soybeans
- The midday soybean market is another 8 to 11 ¼ cents weaker, leaving the Jan contract at a net 56 ½ cent drop in 4 sessions and to back below the $13 mark. Soymeal futures are $2.40 higher. Soybean Oil futures are triple digits weaker with a 3.3% loss in...
- Wheat Continuing Higher with another Export Sale
- Another export announcement has futures extending their recovery. SRW is leading the way with 7 cent gains. HRW futures are up by 3 ½ to 4 cents. Spring wheat futures are trading 1 ¼ cents in the black. USDA reported another 198k MT SRW sale this morning, to China for...
- Cattle Posted New Lows for the Move
- Nearby cattle futures are recovering with a Turnaround Tuesday session. The Feb contract is back up by $1.82. Nearby feeders are working 2% to 2.2% higher, with a $4.75 gain in March. There were no confirmed cash trades on Monday, with cash trade last week mostly $174-$175. The 12/1 CME...
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