Market Snapshot
Quotes are delayed, as of October 03, 2023, 11:56:20 AM CDT or prior.
Burlington Area Weather
Commentary
- Corn Off Lows, Down 1-2c in AM Trade
- Corn prices are 1 ¼ to 2 ½ cents lower in early Tuesday futures trading, but are off their overnight lows. Dec saw a 3 ¾ cent range overnight, all of which spent in the red. Corn bulls started the new month on the right foot, with some double digit...
- Hogs Mostly Dropped on Monday
- Nearby hog futures were $0.35 to $2.27 weaker on Monday, follow through losses after Friday’s limit drop. For Dec, that was just $2 above the May low. The back month contracts were firmer with a 22 cent gain for Feb ’24. USDA’s National Average Base Hog price was $1.98 weaker...
- Cotton Futures Fading into Tuesday
- The AM cotton trade has the board 40 to 46 points lower for the turnaround Tuesday session. Front month cotton prices had firmed up on Monday to start the new week. The Dec contract closed up by 60 points, and just 21 points off the session high. USDA had 75%...
- Wheat Market Trading Higher into Tuesday
- After a mostly higher overnight trade, the SRW market is gaining and back near the overnight nights. The hard red markets are fractionally mixed so far into the day session. The wheat markets posted double digit gains to begin the month, erasing some of Friday’s massive sell off. CBT futures...
- Cattle Closed Higher on Monday
- Live cattle ended Monday off their highs, but still 22 to 77 cents in the black. Feeder cattle ended the first trade day of the month with 80 to $1.30 gains. USDA had $183-$184 as the bulk of cash business last week. The 9/28 CME Feeder Cattle Index was $252.11,...
- Tuesday’s Soybean Trade Starting Red
- Soybeans are trading double digits lower into the Tuesday’s day session. The products are also weaker, including another $7 drop in meal this AM. After a contested Monday session, soybean futures had closed 2 to 6 cents in the black to start October. Soymeal futures closed off their lows, but...
