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Futures
Quotes are delayed, as of May 25, 2024, 10:34:35 PM CDT or prior.
Commentary
- Cotton Bulls Have Good Week, Up 6.1%
- Cotton prices retreated ahead of the holiday weekend, down 9 to 120 points in the actively traded contract months. Nearby July was still up 463 points for the week, thanks to a limit up move at midweek. Cotton limits are back to 400 points, with the July contract back above...
- Hogs Leak Lower into Weekend
- Lean hogs were hanging around UNCH at midday, but tipped lower into the close. Changes for the day were 25 lower to 2 cents higher. USDA’s National Average Base Hog negotiated price was reported at $86.84 in the Friday PM report, a drop of $1.63 on the week. The CME...
- Corn 1 to 2 Cents Higher on Friday, July Up 12 1/4 for Week
- Corn futures closed mid-range on Friday, settling ¾ to 2 cents higher on the day. For the week, July was up 12 ¼ and new crop December was up 11 3/4. The markets are closed for Memorial Day on Monday. They will resume trading on Monday night as normal for...
- Cattle Settled Mixed Ahead of the USDA CoF Release
- Live cattle futures were cautiously 12 cents lower to 17 cents higher at the Friday settlement, awaiting the USDA Cattle on Feed report after the close. Cash trade was the week saw action at $187 in the south, with trade in the north mainly at $192, with some coming in...
- Soybeans Pulled Higher by Meal, Nearby July up 20 Cents for the Week
- Soybeans settled 2 to 8 ¾ higher on Friday, with some bull spreading getting nearby July briefly above $12.50. Soymeal was a main reason for the strength, as front month contracts were up $6.70 to $9.80/ton. Soy Oil was weaker gokng home for the 3 day holiday weekend, down 24...
- Wheat Still Strong Heading Into Holiday Weekend
- The wheat complex went home with mixed on Friday, as profit taking ahead of the Memorial Day weekend nudged the July and September CBT contracts into negative territory. Everything else was up. Chicago settled ¾ lower to 2 higher. Kansas City futures were up 8 ½ to 11 ¼ going...
