Market Snapshot

Quotes are delayed, as of February 23, 2024, 05:03:54 PM CST or prior.

Burlington Area Weather

Forecast

Commentary

Double Digit Losses for Soybeans
Front month beans are trading 11 ½ to 16 ½ cents in the red pushing the March contract to new LoC lows. New crop beans are firmer with 4 to 6 ½ cent losses so far. The March/Nov spread has tightened to just 1 ¾ cents. Soymeal futures are currently...
Hogs Pushing Upside into Weekend
Friday’s 15 to 70 cent gains are keeping the lean hog market off the week’s high for the weekend, but April is still at a net $2.15 gain WTDUSDA’s National Average Base Hog price increased by 58 cents to $73.20. The CME Lean Hog Index increased another $1.17 to $77.97...
Corn Pushing to New Lows
Friday’s corn market is another 4 to 6 ½ cents weaker with the lead month sub-$4 for the first time since fall of 2020. The weekly Export Sales data showed 820k MT of corn was sold during the week that ended 2/15. Traders were looking for at leas 700k MT....
Wheats Red at Midday
Friday’s wheat market is working 6 to 10 cents weaker across the domestic classes. Chicago futures are 1.6% to 1.7% weaker. The KC HRW futures are down by 1.3%. The March HRW/SRW spread is still 7c premium for SRW. MGE futures are down by 1.4% at midday. The weekly wheat...
Cattle Rallying into Monthly Report
After a cooldown on Thursday, the live cattle market is up by $1.37 to $1.92 for Friday’s midday. Feeders are trading up by as much as $3. CME had 48 contracts retendered for Feb cattle futures deliveries. Cash trade has been limited for the week through Thursday, with a few...
March Cotton Firm on Thin OI
Cotton prices are fading into the weekend, though the board is mixed as March is up by 91 points. March has just 409 contracts of open interest left. New crop futures are down by less than 30 points. CFTC had unfixed call sales listed at 70,070 contracts as of 2/16,...

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