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Market Snapshot
Quotes retrieved on November 23, 2020, 10:13:08 PM CST

Commentary
Hogs Post Triple Digit Gains on Monday
Lean hog futures were $1.07 to $2.07 higher in the nearby contracts on Monday. December Pork Cutout futures were up $1.55 The CME Lean Hog Index for Nov 19 was down another 63 cents at $68.14. The Fresh Bacon index was down $14.28 to $126.49 as of 11/20. USDA’s National...
Corn Settles Higher on Monday
Corn futures closed the Monday session with 3 1/2 cent gains in nearby Dec, with other front months up 5 ¼ to 5 3/4 cents. A private export sale of 334,000 MT of 20/21 corn to unknown destinations was reported by the USDA mandatory reporting system this AM. USDA’s weekly...
Wheat Closes Mixed on Monday
Wheat futures saw gains in the winter wheat markets on Monday, with MPLS steady to 1 1/2 cents lower in the front months. CBT was the strongest, up 3 to 6 1/4 cents. Nearby KC wheat is at an 8 3/4 cent premium to front month MPLS, the largest that...
Cattle Rally Triple Digits with Help from CoF report
Live cattle futures rallied $2.07 to $2.45 in the front months on Monday, on reaction to Friday’s Cattle on Feed report. Feeder cattle futures also shot up another $2.42 to $3.45. The 11/19 CME Feeder Cattle Index was $136.94, up 14 cents from the previous day. Friday’s CoF report showed...
Beans Start the Short Week with Double Digit Gains
Soybeans futures posted a double digit rally on Monday, with front months 11 to 12 1/2 cents higher. Jan beans hit $12 overnight but backed off in the day session. Ongoing dryness in Brazil during early vegetative growth is the concern. Product Values are also driving the market, with competitor...
Cotton Sharply Higher on Monday
Cotton futures posted 79 to 112 point gains on Monday. Front month futures hit an 18-month high of 72.70 earlier on the session. Monday was first notice day for December cotton futures. USDA’s Crop Progress report indicated that cotton harvest was 77% complete as of Sunday, up 8% on the...

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