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Market Snapshot
Quotes are delayed, as of September 27, 2021, 07:21:26 AM CDT or prior.
Commentary
- Soybean Futures 1 to 2 Cents Higher, Down 6 Month to Date
- Soybean prices are 1 to 2 cents higher this morning. For the month to date, November futures are down 6 cents. Front month soybean futures ended the Friday session firm, closing fractionally mixed but mostly higher. The November to November spread tightened by 14 3/4 cents last week to a...
- Corn Down 2 Cents in Early Monday Action
- Corn is trading 2 cents lower this morning. On Friday, corn prices worked lower to close 2 to 2 1/2 cents in the red. New crop futures were firmer with Red dec only giving back 3/4 cents while Sept gained 1 1/4 cents. For the week December corn closed 1/4...
- Cotton Futures Sharply Higher, Setting New LOC Highs
- Cotton is sharply higher this morning, blowing out shorts sucked into the market on the mid-month sell off. On Friday nearby futures were up more than 3 cents through March. December’s 353 point rally extended the inverse to an 86 premium to March and a 228 premium to May. The...
- Wheat Markets Inch Higher With MPLS in Lead
- Wheat trading looks to start the new week with 1 to 3 cents gains from the overnight. Minneapolis is the strongest, as high protein wheat remains scarce globally. Wheat markets ended the Friday session mixed with KC weakness. KC wheat futures faded back from their midday gains to close fractionally...
- Cattle Set to React to Larger than Expected COF Numbers
- Live cattle futures were lower on the last trade day of the week, giving back 30 to 47 cents in the front months. USDA noted light cash trade last week with $124 as the bulk and mostly $194 - $198 for dressed. Feeder cattle, however, found strength in the afternoon...
- Hogs Expected to Open Higher, As USDA Shows Much Smaller Herd Than Expected
- Friday hog futures trading ended the session with a rally. Prices closed 5 to 30 cents in the black, while October rallied to close $2.52 higher ahead of the NASS report. USDA’s National Average Base hog price for Friday afternoon was 40 cents higher to $76.93. The 9/22 CME Lean...
National Newswire
Kansas USDA Newswire
