Commentary
Cotton
So far ahead of the weekly Export Sales data, cotton is working triple digits higher. Cotton futures suffered a sharp reverse on Wednesday. The triple digit losses in the front months flipped March net lower for the week, down 276 points on Wednesday and a net 137 lower for the...
Hogs Close Mixed, But Cutouts Under Pressure
After initial sell pressure, the hog market firmed up for a positive midweek close. Feb stayed in the red and went home 27 cents weaker, but the other nearby contracts were 2 to77 cents higher on the day. The 12/03 CME Lean Hog Index was $82.94, up by 15 cents....
Wheat Cautiously Higher Ahead of Export Numbers
Morning wheat quotes are 2 to 4 cents higher ahead of USDA’s weekly Export Sales release. Wheat futures bounced back on Wednesday with double digit gains of as much as 3% in Chicago. The other front months gained 16 to 20 1/2 cents. For the March that still has the...
Cattle Fight Back from Early Losses on Wednesday
At the close Wednesday, April and August were UNCH, with 7 to 12 cent losses in Feb and Jun respectively. The Dec contract was up 37 cents to stay firm with cash during the delivery process. USDA confirmed $156 trade in NE on Wednesday, with limited $153 trade in the...
Corn Futures Higher to Start Thursday
Corn markets are fractionally mixed going into the FAS weekly Export Sales report. Corn found technical support yesterday and settled 2 to 4 cents higher. For the week the March contract is still a net 5 cents weaker. Red Dec ended the day with a 3 cent gain, tightening the...
Soybean Futures Extend Gains in Early Thursday Trading
Following the highest close since September 20th, soybean futures are 1 ½ to 4 ½ cents higher in the old crop months. The 2023 crop deliveries are negative territory this morning. Meal futures continued to lead beans higher with another 2.3% to 2.9% gain on Wednesday. With BO’s 1.1% to...



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