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Market Snapshot
Quotes are delayed, as of January 31, 2023, 11:28:59 AM CST or prior.
Commentary
- Cotton Up Currently
- Current cotton quotes have the board 30 points in the black so far for Tuesday. Cotton traders worked the board lower to start the new week. Prices settled with 116 to 179 point losses across the front months. March cotton had a 290 point range on the day. The FOMC...
- Lean Hogs were Mixed on Monday
- After trading higher to start the first session of the new week, lean hogs closed Monday mixed. Feb was down by 72 cents and the deferred contracts gave back 25 to 42 cents. April and May hog contracts were up by 7 and 10 cents respectively at the close. USDA’s...
- Cattle Rallied To Start Week
- The live cattle futures were $0.85 to $2.52 higher across the front months. April led the way and set a new contract high. USDA had no cash trade to report for Monday, maintaining $156 as last week’s market for the South and $248 for the Northern dressed market. Feeder cattle...
- Wheats Red for Tuesday
- Wheat prices are red into Tuesday’s day session across the front months. The front month wheat futures bounced to start the week. Chicago wheat ended the day with 2 1/2 to 3 3/4 cent gains across the front months. March SRW saw a 19 cent range for the day. KC...
- Turnaround Tuesday for Soy Futures
- So far, the soy market is working back lower with 6 to 9 cent losses for beans, $3/ton losses in meal, and 30 point weaker BO. The Monday soy trade rallied to start the week. Meal led the way with 2.25% to 3.2% gains and new contract highs. Soybean oil...
- Red Corn Board into Day Session
- Corn prices are starting out Tuesday’s day trade with fractional to 2 cent losses. The corn markets started out Sunday night strong, with March having traded up by 4 1/4 cents. Futures faded through the rest of the morning before closing out the first trade day of the week with...
National Newswire
Kansas USDA Newswire
