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Futures
Quotes are delayed, as of June 08, 2023, 10:24:59 AM CDT or prior.
Commentary
- Cotton Gaining into Export Sales Data
- Cotton is trading a point to 96 points higher this morning ahead of the USDA Export Sales report. Cotton worked lower on the midweek session, but closed 40 points to a penny off the session lows. July went home with a 33 point loss on Wednesday, and is now down...
- Hog Market Up for the Week through Wednesday
- The front month hog futures market dropped as much as $2.17. June stayed relatively firm with a 60 cent drop. July contracts are still at a net $2.27 gain for the week’s move. USDA’s National Average Base Hog price for Wednesday was $93.11, up by 98 cents. The 6/5 CME...
- Midweek Drop Followed New Cattle Highs
- Cattle futures cooled off for the midweek session, ending down by $2.30 to $2.82. June fats were the exception with an 82 cent drop. The Merc showed Dec 7th was the oldest dated long for June cattle, with no deliveries announced and none expected during the strong cash market rally...
- Week’s Wheat Move Near Breakeven
- Wheats are currently trading 3 to 9 cents higher, led by spring wheat, so far for Thursday. That has the market mostly near breakeven for the week’s net move. The Kansas City HRW wheat market closed the midweek session just fractionally to 2 1/4 cents off the daily lows on...
- Soy Futures Are Trading Mostly Higher
- The old crop soybeans and the products are higher so far ahead of the weekly Export Sales report. This morning’s new crop soybean quotes are off their lows but still a penny to 4 3/4 cents lower. Old crop soybeans ended the midweek session in the black with soymeal. July...
- Corn’s Trading Weaker but July’s Holding Firm
- Corn prices are down by as much as 4 1/2 cents so far, but are off their overnight lows, heading into the Thursday day session. July contracts are once again holding firm with only a half cent loss so far. Wednesday’s session ended near the lows with 10c new crop...
