Ag Market Commentary
Corn futures are trading a penny lower at midday, after closing one or two cents lower on Tuesday. This morning, the weekly EIA report stated that
Cotton futures are currently trading 6 points higher to 30 lower after suffering triple digit losses in most contracts on Tuesday. Yesterday, the
Hog futures are mixed at the Wednesday midday, with February quoted higher but the summer contracts 80 to 120 cents lower. The CME Lean Hog Index
Live cattle futures are trading $.65 to $1.20 higher at midday, with February erasing the loss from Tuesday. Feeders are currently $1.00 to $1.90
Wheat futures are 2 cents higher at midday of midweek, after closing slightly higher in MPLS on Tuesday, but steady to slightly lower in KC and CHI.
Soybean futures are currently trading 1/2 cent lower after settling fractionally higher on Tuesday. Effective February 15, Russia is rumored to be