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Market Snapshot
Quotes are delayed, as of May 20, 2024, 07:27:04 AM CDT or prior.
Commentary
- Soybeans Edging Higher To Start Week
- Soybeans are trading 1 to 4 cents in the green this morning. They held on for steady to 11 ¾ cent higher trade across the front months at the close, with back month 2025 contracts lower. Preliminary open interest showed significant net new buying in soybeans on Friday, rising 25,132...
- Cattle Look to Monday After Week of Boxed Beef and Cash Strength
- Live cattle closed the Friday session with contracts up 67 cents to $2.02. June was up $4.90 on the week. USDA reported cash sales of $186-190 across the country on Friday, helped by the beef strength this week. Feeder cattle closed with gains of $1.12 to $2.50 on Friday, as...
- Hog Trade Looks to Kick off New Week
- Lean hogs slipped lower into the weekend, with contracts down anywhere from a tick to $1.87, led by the nearbys. USDA’s National Average Base Hog negotiated price was back down 76 cents on Friday afternoon at 88.57. The CME Lean Hog Index was up another 37 cents on May 15...
- Cotton Bouncing on Monday Morning
- Cotton futures are up 38 to 74 points this Monday morning. The market fell back lower on Friday, as contracts were down 5 to 38 points. On the week, July was down 142 points, with December losing just 16. The outside market factors were a mixed bag, with crude oil...
- Wheat Posting Double Digit Monday Morning Rally
- The wheat complex is posting double digit gains of 14 to 19 cents across the three exchanges far on Monday morning. They posted weakness across the board on Friday. Chicago contracts were down 2 to 12 cents, led by the front months. Kansas City futures closed with contracts 4 ¼...
- Corn Following Rest of the Grains Higher on Monday Morning
- Corn prices are up 3 to 4 cents to begin the new week, with spillover support from double digit strength in wheat. Futures closed out the Friday session with losses across the board, as contracts were down 2 to 5 ¼ cents. Preliminary open interest dropped 2,520 contracts on some...
National Newswire
Kansas USDA Newswire
