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Market Snapshot
Quotes are delayed, as of January 27, 2022, 01:50:16 AM CST or prior.
Commentary
- Midweek Gains for Corn
- At the close for the Wednesday session, front month corn futures were 4 3/4 to 6 1/4 cents higher. New crop futures were also 2 1/2 to 3 cents higher on the day and set new contract highs. EIA’s weekly data showed ethanol producers averaged 1.035m barrels per day during...
- Hogs Close Mixed on Wednesday
- After midday weakness, the front month lean hog futures market went home mixed. The front month Feb contract was 57 cents higher, and the deferred months gained 10 to 17 cents. The other nearby futures closed 10 to 80 cents lower on Wednesday. USDA’s National Average Base hog price for...
- Soybeans Gain on Wednesday
- The domestic soy complex rallied for the midweek session with +2% gains. For beans that left the board 21 1/2 to 32 3/4 cents in the black. New crop futures were also up by double digits to new contract highs. Soymeal prices were $8.40 to $8.50 higher on the day...
- Wheat Futures Post Losses
- Wednesday’s wheat market pulled back with double digit losses. Chicago SRW ended off the lows for the day, but still 17 to 23 cents in the red. That was enough to move the March and the new crop contracts back below the $8/bu mark, though May SRW closed at $8.00...
- Triple Digit Rally for Cotton
- Front month cotton futures were triple digits stronger on Wednesday, after recovering 116 to 148 points. The new crop market settled 45 to 53 points higher on Wednesday, with Dec just 1 point under the contract high set last Thursday. The Seam reported 27,132 bales were sold on 1/25 for...
- Triple Digit Gains for Wednesday Cattle
- Live cattle futures settled $0.95 to $1.80 in the black. The weekly FCE auction resulted in no sales for the 2,904 head listed. Bids were capped at $136-$137, while feedlots were asking $138+. Outside of the FCE, USDA had some light Wednesday cash activity from $136 to $138 for some...
National Newswire
Kansas USDA Newswire
