National Newswire
USDA Newswire
Market Snapshot
Quotes are delayed, as of June 08, 2024, 03:46:06 PM CDT or prior.
Local Weather
Commentary
- Cotton Finishes in the Hole, Down 3.03% for the Week
- Cotton traders settled 71 to 160 points lower on Friday. A sharply stronger US Dollar Index was among several factors encouraging some profit taking. For the week, July cotton was down 3.03% despite 3 higher closes. Friday’s Commitment of Traders report showed the speculative managed money traders were 23,908 contracts...
- Hogs Stabilize Late Week, Still Down 1.9% from Friday to Friday
- Lean hogs ended Friday with some contracts up on the day and others lower. Overall changes were -$.10 to +$.52. Front month June was down $1.82 for the week, or 1.93%. The CME Lean Hog Index was down a penny at $91.92 on June 5. USDA put the National Base...
- Cattle Futures Settle Mixed, CFTC Confirms Funds Were Trimming Longs
- Live cattle futures settled mixed, down 30 cents to up 35 cents. The June 182 calls ended up in the money at expiration, while the 182 puts expired worthless. Cash cattle trade picked up yesterday, with $185 to $190 reported in Kansas and Texas. Most were at the $185 end,...
- Soybean Futures Give Back Most of Their Thursday Gains
- Soybean futures were down 9 ¼ to 20 ¾ on Friday, with the old crop contracts giving back nearly all of their impressive Thursday gains. Soymeal futures settled $2.10 to $2.60 lower, with nearby July $6 above the low of the day. Soy Oil futures were down 71 to 72...
- Wheat Retreat Continued on Friday
- Wheat futures were down by a dime of more per bushel in all three US futures markets. There is a well worn axiom that says “Wheat takes no prisoners”. When it gets on a trending move there are often few rest stops along the way. In this case the move...
- Corn Fades Thursday Gains, Posts Small Advance for Week
- Corn prices rallied from intraday lows, settling 1 ¾ to 3 ¼ lower as traders headed home (or left their home office) for the weekend. The rebound meant that the market held on to most of the Thursday gains, and in fact December futures posted a net ¾ cent gain...
