Market Snapshot
Quotes are delayed, as of June 09, 2023, 05:35:05 AM CDT or prior.
Local Weather
Commentary
- Mostly Higher Cotton Market on Thursday
- With the exception of July’s 70 point loss, cotton futures settled higher ahead of the USDA report day. Dec contracts were up by 40 points at the close, tightening the inverse to 2.68 cents. So far through Thursday, July futures are at a 174 point loss for the week’s move...
- July Hog Futures Held Firm
- Most of the nearby lean hog futures closed in the red on Thursday, with losses from 2 cents in June to $1.30 in October. July contracts however stayed in the black and ended the day up by 27 cents. July was at a net $2.55 gain for the week’s move....
- Cattle Close Red on Thursday
- Cattle futures were attempting to recover from the midweek session early, but ultimately added to the drop with $0.90 to $1 losses. June fats were the firmest, going home only 22 cents in the red. Cash trade this week was $188-$194 in the North. Thursday’s feeder cattle market closed with...
- Double Digit Wheat Rally ahead of Report Day
- Wheat futures gained back double digits on Thursday. Minneapolis spring wheat led the way with 21 cent gains of as much as 2.7%. That left the July contract at a net 8 cent gain for the week. KC HRW futures closed up by 2.2% with 16 3/4 to 18 1/2...
- New Crop Beans Higher Before Report Day
- Soybean prices ended Thursday with 10 1/2 to 12 1/2 cent gains into the report day. July was left out, ending only 2 1/2 cents higher. Soybean oil futures rallied the most on Thursday with 2.8% to 4% gains on the day. Soymeal faded with $1.20 to $1.30 front month...
- Thursday Gains in Corn Market
- Corn settled the Thursday session up by 1 1/2 to 6 cents. July was the leader, and after briefly trading below $6, closed near the top of the daily range. July corn futures are up by a net 1 1/4 cent for the week so far. Dec corn is still...
