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Market Snapshot
Quotes are delayed, as of March 01, 2021, 01:36:42 AM CST or prior.
Commentary
- Hogs Fall Triple Digits at Months End
- Lean hog futures were weaker in the afternoon, and closed near the lows on the day. The triple digit losses for April through June limited the front months’ weekly gain to 2.3%. April hogs closed at $87.15 after beginning the month at $76.90. The CME Lean Hog Index was $79.95...
- Cotton Heads for March on Weakness
- The last Friday of February left front month cotton futures 42 to 86 points weaker. Closing the month at 87.82 for March and 88.83 for May, that was a monthly gain of 7.14 and 6.9 cents respectively. New crop December futures are now a 4.50 discount to front month May,...
- Soy Extended Losses on Friday
- Soybean futures firmed up after double digit losses at midday, closing the Friday session down 3 1/4 to 9 cents. May soybean futures ended the week 1.76% above last Friday’s close, but a 3.9% gain from the end of January. The oldest long for March beans is October 7, 2020,...
- Corn Fades at Month End
- Afternoon position squaring pulled the corn complex off the lows at the close for month end. Front month futures were still mostly weaker on the day with 2 1/4 to 4 3/4 cent losses. March futures closed at $5.55 1/2 after a 3/4 cent higher close. From Friday to Friday,...
- Wheat Stayed Weak for Close
- Despite afternoon rallies for corn and beans, wheat futures closed near the lows. For SRW the 13 1/4 to 16 3/4 cent losses left the board at $6.55 March and $6.60 1/4 for May. SRW futures began the month near $6.61. HRW prices closed $6.24 3/4 for March and $6.33...
- Feb Cattle Collapse at Expiration
- Cash convergence caused a $3.90 drop to $113.10 for Feb finished cattle futures to expire. CME reported another 10 deliveries scheduled for February cattle futures, scheduled deliveries total 99 contracts, though there were 250 issued. The other front months ended the day with $1.07 to $1.67 losses, with April holding...
National Newswire
- Experts Say Increase in Temperature May Affect Wheat Yield
- United Kingdom to Expand Ethanol Blends from E5 to E10 by September
- Drier Weather in the March Forecast for South America
- USDA Forecasts Larger Corn, Soybean Crops for 2021
- International Grains Council Raises Forecasts for 2020/21 Global Wheat Crop
- Belarus Aims to Boost 2021 Grain Harvest to 8.5 Million Tonnes
- Mead Ethanol Plant Cited for Violations Dating Back to 2018
- EPA Changes Policy, Sides With Biofuels Industry on Small Refinery Exemptions
- Todd Hultman: New Trade Challenges for U.S. Agriculture
- Number of U.S. Farms Continues to Decline
Kansas USDA Newswire
