Market Snapshot
Quotes are delayed, as of March 21, 2023, 12:49:29 PM CDT or prior.
Ag Commentary
- Cotton Market Firming for Tuesday
- Midday cotton prices are trading 48 to 131 points in the black so far for a Turnaround Tuesday. The May contract is 142 points off its earlier session high, but has remained within yesterday’s trading range so far. NOAA’s 7-day QPF has more rainfall for the North MS/Al/GA. From Eastern...
- Hogs Continue to Trade Lower
- Lean hog futures are another 42 cents to $1.05 in the red so far for Tuesday. USDA’s National Average Base Hog price was $76.44 after another $1.37 drop. The CME Lean Hog Index was back down by 46 cents to $79.55 on 3/17. Pork cutout futures are also dropping through...
- Cattle Firming through Midday
- Live cattle futures are mixed but mostly higher so far for Tuesday. The deferred contracts are still in the red, but by less than a dime. The nearbys are trading with gains of as much as 50 cents. The Central Stockyards hosted FCE saw no sales between $162 bids and...
- Wheat Losses Persist through Tuesday’s Midday
- Midday wheat prices remain in the red so far for Tuesday. The nearby CBT quotes are down by over 1% with double digit losses through Sep. KC HRW is giving back another 4 1/4 to 10 1/2 cents in the front months. Spring wheat quotes in Minneapolis are 3 1/4...
- Bean Market Mixed Mostly Lower
- Soybean futures are trading 3 to 6 cents in the red through midday. May was up by over a dime earlier in the session. Soybean oil prices are down by 3% in the May contract. Bean meal futures are holding onto the early strength with $1.30 to $2.80 gains so...
- Tuesday Corn Market Fading
- Corn was attempting to use the afternoon strength off the lows yesterday for a Turnaround Tuesday, but midday quotes have the board off those highs. May is down by 2 cents at midday and trading 7 cents off its earlier session high. The other nearbys are down 2 3/4 to...
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