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Quotes are delayed, as of May 08, 2024, 02:18:41 PM CDT or prior.
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Futures trading involves the substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results.
Ag Market Commentary
- Corn Correcting Lower on Wednesday
- Futures are pulling back after a couple weeks of rallying and a USDA report on the horizon. Contracts are down anywhere from 6 to 8 cents across most front months on the midweek session. Weekly EIA data showed ethanol production at 965,000 barrels per day for the week that ended...
- Hogs Put Together Midday Rally on Wednesday
- Lean hogs were weaker to start the midweek session, but are posting midday gains of 7 to 75 cents. USDA’s National Average Base Hog negotiated price was back down $1.60 in the Wednesday AM report at $92.58. The CME Lean Hog Index was back up 23 cents on May 6...
- Wednesday Weakness in the Wheat Market
- Wheat are trading lower across all three exchanges on Wednesday. Chicago contracts are down a 9 to 11 cents at midday. Kansas City futures are 9 to 14 cents lower on the day. MPLS spring wheat is 9 to 15 cents in the red. Forecasts for rain in drier parts...
- Cattle Fading on Wednesday with Weaker Beef Print
- Live cattle are fading the Tuesday gains with contracts down $1 to $1.50. 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 are down $1.95 to $2.40 on...
- Cotton Posting Wednesday Gains
- The cotton market is shooting higher on Wednesday, as contracts are up 170 to 245 points with May expiring today. The US dollar index is up 105 points, a negative input, while crude oil is 52 cents higher. Precip is expected for a wide swath of the Southeast US over...
- Soybeans Pulling Back on Wednesday
- Soybeans are taking a breather on Wednesday, showing midday losses of 10 to 13 cents across most contracts. Soymeal is trading $3.70/ton lower in the July contract. Soy Oil is following along, with contracts down 34 points at midday. Weekly Export Sales data will be updated on Thursday morning, with...
