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Market Snapshot
Quotes retrieved on May 31, 2020, 04:17:11 AM CDT
Commentary
- Cattle Close Lower for Weekend
- Cattle futures traded $1.37 to $1.75 lower on Friday. For June contracts that wasn’t enough to erase previous moves, as June cattle closed 2.5% higher on the week. From Friday to Friday August feeders gained $6.07, but closed the day with 15 cent l...
- Corn Closes Lower on Friday Pullback
- Corn futures were down 1 1/4 to 1 3/4 cents following the Thursday gains. Private exporters reported a large sale of 101,600 MT of 2019/20 corn to unknown this morning under the daily reporting system. That had little impact. USDA’s weekly Export S...
- Wheat Added more Gains
- The U.S. wheat markets continued the gains from yesterday closing the week 2.2 to 5.8% higher. KC was up the most on Friday closing 6 to 6 1/2 cents higher. For July that was a 5.8% gain on the week. SRW wheat futures closed 4 1/4 to 6 1/4 cents high...
- Cotton Firm and Mixed on Friday
- Front month cotton futures came back from midday lows and ended the session within a dime on either side of UNCH. July and October futures were 2 and 7 points higher, while Dec through May ’21 closed 4 to 7 points lower. The USDA’s holiday delaye...
- Soy Complex Closes in Red
- Friday trading closed the week with losses of less than 1%. Old crop futures were down 5 to 6 1/4 cents and new crop soybeans settled 1 to 4 1/4 cents lower. Soybean meal futures closed with $1.1 to $1.70/ton losses on Friday. Front month soy oil fut...
- Hogs Come Back from Midday Lows
- Lean hog futures rallied back from midday losses and closed $0.95 to $1.70 higher. Save for June hogs which ended Friday’s session with a 7 cent loss. The CME Lean Hog index was up 42 cents on May 27, to $62.95. USDA National Average Base Hog price...
National Newswire
- CFAP: Grains are covered, grasses are not
- California – Almonds – Trees Still Carrying Huge Crop Going Into June – AgFax
- Cleveland on Cotton: Don’t Expect Immediate Shifts in Trading Range
- AgFax Weekend: Dicamba Cutoffs Soon | Coronavirus Aid Enrollment
- Weekly Cotton Market Review – USDA
- Drought Monitor Weekly: Widespread Rains, Thunderstorms
- Tennessee Corn: Options to Manage Glyphosate-Resistant Johsongrass
- Rice: Global Prices Recede from Peak; Some Remain Above Pre-Pandemic Levels
- USDA: Peanut Price Highlights
- Indiana Soybeans: Dicamaba Application Cutoff Is June 20
Kansas USDA Newswire
