Market Snapshot
Quotes are delayed, as of July 26, 2024, 10:47:45 PM CDT or prior.
Ag Commentary
- Cattle Post Mixed Trade, with Feeders Rallying
- Live cattle futures saw mixed trade on Friday, with contracts anywhere from 37 cents lower to 50 cents higher. Cash trade was quiet this week, with a few sales of $190 in the South and $197-198 in the North, both a $1-2 improvement from the week prior. Feeder cattle futures...
- Soybeans Collapse on Friday as Bulls Limited Ammo Dries Up
- Soybeans gave back all of the gains in the August contract for this week and most of November’s on Friday, as contracts fell 28 to 38 ½ cents into the close. Product pressure was in play, especially from the Soy Oil futures, which were down 219 points. Soymeal futures were...
- Hogs Mixed on Friday
- Lean hogs closed out the Friday session with contracts mixed, anywhere from 30 cents lower to 40 cents higher. The USDA National Base Hog price was reported at $82.13 on Friday afternoon, down $2.38 from the day prior. The CME Lean Hog Index was $91.39 on July 24, up 62...
- Wheat Fall to New Low on Friday
- The wheat complex was in near free fall mode heading into the weekend, with losses across the three exchanges. Chicago SRW futures were down 13 to 15 cents. Kansas City HRW contracts were 16 cents lower in the front months as they hit fresh multi-year lows. MPLS spring wheat was...
- Cotton Heads Lower on Friday
- Cotton futures were pulled lower on Friday, as contracts were down 72 to 116 points on the day. The outside markets had some effect, as crude as down $1.85/barrel on the session. CFTC data showed managed money spec funds in cotton futures and options adding 4,357 contracts to their net...
- Corn Gives Back Gains on Friday as Bears Resume Selling
- Corn futures ended the Friday session with losses 10 to 11 ½ cent losses across most contracts. The weekly gain for September was 4 cents as Dc was up just over a nickel. The weekly Commitment of Traders report showed specs in corn futures and options covering 24,847 contracts from...
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