What's New!
Market Snapshot
Quotes are delayed, as of January 26, 2021, 05:46:06 PM CST or prior.
Commentary
- Wheat Futures Hold on To Double Digit Gains
- At the close on Tuesday, domestic wheat futures were up double digits, with 2.35% to 2.58% gains in SRW leading the way. Chicago wheat closed 11 1/2 to 16 3/4 cents in the black. Kansas City HRW wheat ended the session up by 11 1/4 to 13 3/4 cents. Minneapolis...
- Cattle Futures Close Mixed
- The Tuesday cattle complex ended mixed with gains for finished cattle and weakness for feeders. Live cattle futures were 15 to 65 cents in the black at the close. Reflecting the increased corn price, feeder cattle futures closed with $1.70 to $2.37 losses. Jan feeders closed 90 cents lower to...
- Hogs Continued the Gains
- At the close for Tuesday lean hog futures were off their highs but still 30 to 57 cents in the black. April posted a life of contract high at 77.6 cents/lb. The 1/22 CME Lean Hog Index was up 33 cents to $65.88. CME’s Fresh Bacon Index from the week...
- Tuesday Trades Push Corn Higher
- Corn futures led the grain crop rally on the CBT, closing Tuesday with 2.56% to 4.06% gains. New crop prices ended 8 3/4 to 9 3/4 cents in the black as well. USDA announced a large export sale this morning; private exporters sold 1.36 MMT of old crop corn to...
- Soy Complex Works Higher
- Board crush spreads weakened on Tuesday with all legs closing in the black. Beans ended the session 1.58% to 1.99% higher, offsetting the 1.61% to 1.73% gains for meal and 1.75% to 2.26% gains in bean oil. The rally in March soy oil added more than 11 cents per bushel...
- Cotton Lower at Close
- Tuesday’s close left the board 45 to 62 points weaker for nearby cotton futures. New crop prices were down 19 to 29 points. The dollar is weaker so far for Turnaround Tuesday after a decent Monday rally. USDA’s Daily Spot Quotations report showed 6,535 bales were sold on Tuesday for...
National Newswire
- Texas: Tri-County Producer, Landowner Symposium, Online, Jan. 28
- Economist’s milk outlook sours after USDA’s production & cold storage reports
- ARA watching pesticide transport and dicamba issues in EPA
- BASF to offer digital biomass images through cloud cover
- USDA Weekly Weather and Crop Bulletin (Jan. 26): Above-normal Temperatures, Dry Conditions Persist in Much of the Nation
- MSU experts offer guidance on crop insurance options
- Expanded access for US red meat to Taiwan, but with some resistance
- More needed after Made in America executive order
- Railcar shortage, higher transportation costs real in Midwest
- What’s your 2021 credit strategy?
Kansas USDA Newswire
