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Market Snapshot
Quotes are delayed, as of September 26, 2023, 02:22:36 PM CDT or prior.
Local Weather
Ag Market Commentary
- Soybeans Fading through Midday
- Beans are back in the red after some overnight buy action. Prices are currently 15 cents off their highs and 2 ¾ to 5 ½ cents in the red. Soymeal futures are also lower with losses of $2.10 to $2.30/ton so far. Soybean Oil futures are firm but off their...
- Cattle Falling Triple Digits
- The feeder cattle futures market is down by nearly 2% across the active months. Sep contracts are $1 in the red to $5 losses in the other nearby contracts. Fat cattle are also weaker through Tuesday, with $2 losses of 1.2%. USDA reported limited cash sales for Monday, as last...
- Mixed Midday for Cotton Market
- Front month cotton futures are trading within 30 points of UNCH. The thinly traded October contracts are up 238 points and 115 points for ’23 and for ’24 respectively. December is 17 points in the black for midday. USDA’s weekly Crop Progress report had 65% of bolls opening as of...
- Mixed Wheat Market at Midday
- The front month wheat futures are trading on both sides of UNCH at midday. Both the Chicago SRW and MGE HRS futures are fractionally mixed, while KC is trading 3 to 3 ½ cents in the red through Tuesday. Analysts are looking for NASS to show 1.77 bbu of Sep...
- Hog Futures Red at Midday
- Aside from the October contract’s 5c gain, front month hogs are trading 17 to 50 cents in the red for a turnaround Tuesday. USDA’s National Average Base Hog price was a nickel weaker to $77.54. The CME Lean Hog Index was 9 cents lower to $87.08 on 9/21. Trade estimates...
- Corn Trading Red at Midday
- Front month corn prices are working 2 ½ to 4 cents weaker through Tuesday’s midday. That has Dec back to UNCH for the week following the strength on Monday. Ahead of the Quarterly Grain Stocks report the trade is looking for NASS to report final 22/23 carryout at 1.44 bbu....
