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Market Snapshot
Quotes retrieved on August 03, 2020, 11:49:41 PM CDT
Commentary
- Monday Gains for Corn Futures
- Corn futures prices strengthened by 3/4 to 2 cents on the first trade day of August. March and May contracts were up the most on the day, each closing within a 1/4 of the high. NASS reported after the close that 92% of this year’s corn crop was sil...
- Soy Futures Higher on Monday
- The front month soybean futures gained 2 1/2 to 4 1/2 cents on Monday. August soybeans closed UNCH at $8.97 1/2 per bushel, which is still a 4 1/2 cent premium to Sept. Preliminary OI as of Friday was just 2,250 contracts for the in delivery Aug bean...
- Wheat Closes Lower on Monday
- Wheat futures recovered from midday lows, but still dropped by double digits on the first trade day of the new month. KC wheat was the weakest, with 10 1/4 to 11 3/4 cent losses. SRW futures lost 7 1/4 to 10 1/4 cents in the front months. Spring whea...
- Cotton Gains Triple Digits
- Cotton futures gained triple digits to start the new week of trading. NASS’s Cotton Consumption and Stocks report withheld June’s consumption due to confidentiality rules. Stocks as of June 27 were 1,512 RBs. That was down 9% mo/mo; and through t...
- Triple Digit Losses for Lean Hogs
- Lean hog futures were mixed on Monday. The front months of August and October were down by triple digits, with losses weakening to a nickel through May ‘21. Some late 2021 contracts were higher. The weekly Fresh Bacon index from CME was $128.62 cwt...
- Ag Market Commentary
- Corn futures prices strengthened by 3/4 to 2 cents on the first trade day of August. March and May contracts were up the most on the day, each closing within a 1/4 of the high. NASS reported after the close that 92% of this year’s corn crop was sil...
National Newswire
- MDA Pesticide Program oversees product, applicator regulations
- Trump signs rural healthcare and prescription drug executive orders
- Ag Trade: China Makes (Another) Record U.S. Corn Purchase in July
- USDA Weekly Crop Progress Report (Aug.3): Condition of Wheat Improves the Most, Followed by Soybeans; Corn Holds Steady
- Most South Dakota crops good, pasture conditions vary
- Tennessee: 73% soybeans & 67% cotton good to excellent
- SW Missouri farmer gets rain but too late for corn
- Nebraska’s corn rating improves
- Arkansas crops: 70% rice & 88% cotton good to excellent
- Partnership signed to begin dredging lower Mississippi
Kansas USDA Newswire
