Market Snapshot (More Futures Below)
Quotes are delayed, as of May 09, 2024, 11:01:11 AM CDT or prior.
Commentary
- Corn Slipping Lower Ahead of Export Sales Data
- Corn is trading fractionally to a penny lower ahead of this morning’s Export Sales report. Futures pulled back on Wednesday after a couple weeks of rallying and with a USDA report on the horizon tomorrow. Corn ended the midweek session with losses of 3 ½ to 8 ½ cents across...
- Soybeans Down To Start Thursday
- Soybeans are posting lower trade on Thursday morning with contracts down 3 to 5 cents. Bulls took a breather on Wednesday, as contracts were down 9 ¼ to 19 ½ cents across the board. Soymeal also pulled back with contracts down $1.80 to $5.50/ton on the day. Soy Oil posted...
- Cattle Focus on Thursday Following Weaker Boxed Beef Prices
- Live cattle closed the Wednesday session with contracts down 95 cents to $1.57 across the CME. Cash trade has yet to develop this week, with the Central Stockyards Fed Cattle Exchange having no sales on the 1,890 head listed. Bids were running $184, with $185-186 asks. Feeders were weaker on...
- Cotton Slip Back Lower Ahead of Export Sales Release
- The cotton market is trading down 93 to 141 Futures shot higher on Wednesday, closing 106 to 256 points higher as May rolled off the board. Cotton daily limits are expanding back to 4 cents (400 pts) due to July creeping back into that 80 cent level. The US dollar...
- Wheat Back to Heading Higher on Russia Frost Fears
- The wheat complex is posting double digit gains across most contracts this morning. Wheat saw selling across all three markets on Wednesday. Chicago wheat contracts were down 8 ¼ to 9 ½ cents on the day. Kansas City futures were down 11 to 15 ½ cents at the close to...
- Hogs Look to Thursday Trade
- Lean hogs bounced back and forth on Wednesday, with contracts slipping off the midday pop, but still closing mixed. Contracts were anywhere from a dime lower to 50 cents higher. USDA’s National Average Base Hog negotiated price was back down $1.46 in the Wednesday afternoon report at $91.79. The CME...
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Quotes are delayed, as of May 09, 2024, 11:01:11 AM CDT or prior.
