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Market Snapshot
Quotes are delayed, as of September 22, 2023, 10:47:47 AM CDT or prior.
Commentary
- Soy Limiting Yesterday’s Drop
- The current market is trading back up by 6 to 8 cents across the front months. That has Nove back above the $13 mark so far. Yesterday, soybeans closed with 1.5% to 1.99% lower on losses of as much as 26 ¼ cents. The November contract settled near the low...
- Cattle Closed in the Red
- Live cattle futures fell in tandem with the other ag futures, ending the session $1.77 to $2.02 in the red. The feeder cattle market settled lower by $0.80 to $2.87. USDA reported cash trade from $183 - $187 with most sales near $185 in the North. TX sales remain unestablished...
- AM Corn Prices Firming
- Corn futures are fractionally firmer to 1 ½ cents in the black following the Thursday drop. Front month corn prices ended the Thursday session with 6 ¼ to 7 ¼ cent losses. Preliminary open interest rose another 8,512 contracts, net new selling as harvest expands. The December contract ended just...
- Hogs Drop Sharply on Thursday
- December futures ended yesterday with a limit loss of $3.75, as the other front months were $1.52 to $3.15 in the red. USDA’s National Average Base Hog price for Thursday was 71 cents lower to $78.09. The CME Lean Hog Index for 9/19 was 9 cents higher to $86.67. USDA’s...
- Cotton Recovering on Friday Morning
- Following the pullback yesterday, current Friday prices are back up by 55 to 65 points. December is at a net 63 point gain for the week so far. Cotton futures ended with 15 to 39 point losses on Thursday. Most of the ag markets were weaker on the day following...
- Wheat Rebounding on Friday Morning
- AM wheat futures are trading 2 to 8 cents higher across all three classes so far. Wheats fell on a broad sell off session across the ag markets. Chicago futures fell 1.6% to 2.2% across the front months, including a 13 cent loss in Dec. KC wheat futures ended the...
National Newswire
Kansas USDA Newswire
