High Plains Journal Market Center

Market Snapshot (More Futures Below)

Quotes are delayed, as of February 02, 2023, 02:36:25 AM CST or prior.

Commentary

Cotton Fades on Wednesday Trade - February 01, 2023: Cotton trading ended the day with 21 to 61 point losses. New crop’s March contract was down by just 6 points at the close, though preliminary OI there was just 4,988 contracts as of 1/31. USDA’s monthly Cotton Systems report showed December consumption was 449 RBs. That was down from...
April Hogs Fade to Within 13 Cents of October Low - February 01, 2023: Lean hog futures dropped by triple digits past the Feb contract’s 90 cent drop. April led the way with a 2.46% loss, and got to within 13 cents of the October low. USDA’s National Average Base Hog price was $71.19 in the PM update, which was up by 70 cents....
Cattle Fade after Inventory Report - February 01, 2023: Reaction to the Semi-Annual Cattle Inventory report left the live cattle futures market 35 to 80 cents in the red. Feeders dropped by triple digits in the reaction, with March giving back 1.56% on the day. USDA saw no cash trade for the week through Wednesday. The CME Feeder Cattle...
Midweek Wheats Close Higher - February 01, 2023: After trading through midday with losses on Wednesday the market went home mostly in the black. The March SRW contract was 1 1/2 cents lower at the bell, but the other nearby contracts were up by as much as 2 cents. KC HRW prices closed with 4 to 5 1/2...
Meal Closes in Black - February 01, 2023: Soymeal found afternoon strength and closed in the black with gains of as much as $1.80/ton in the front months. Soybean futures also settled off their lows, but stayed 10 3/4 to 17 3/4 cents in the red for old crop and 2 1/2 to 7 3/4 cents in the...
Corn Futures Close Black on Wednesday - February 01, 2023: Corn prices settled with gains after trading weaker through midday. New crop led the way and ended up by a nickel, as old crop prices closed 1 to 2 3/4 cents higher. The new crop soy/corn ratio was 2.281 going home. Monthly NASS data showed 425.283 mbu of corn was...