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Market Snapshot
Quotes are delayed, as of June 07, 2023, 04:49:04 PM CDT or prior.

Local Weather

Ag Market Commentary
Cotton Closes Red on Wednesday
Cotton worked lower on the midweek session, but closed 40 points to a penny off the session lows. July went home at a 33 point loss, and is now down a net 104 points for the week’s move. July was a 3.78 cent premium to Dec contracts at the close....
Hogs Drop Triple Digits
The front month hog futures market dropped as much as $2.17. June stayed relatively firm with a 60 cent drop. July contracts are still at a net $2.27 gain for the week’s move. USDA’s National Average Base Hog price for Wednesday was $93.11, up by 98 cents. The 6/5 CME...
Triple Digit Losses for Cattle Market
Cattle futures cooled off for the midweek session, ending down by $2.30 to $2.82. June fats were the exception with an 82 cent drop. The merc showed Dec 7th was the oldest dated long for June cattle, with no deliveries announced and none expected during the strong cash market rally...
KC Futures Lead Wheat Lower
The Kansas City HRW wheat market closed the midweek session just fractionally to 2 1/4 cents off the daily lows on 25 to 32 1/4 cent losses. MGE wheat was also sharply lower on Wednesday, getting back below the $8 round number on 22 to 23 cent losses. Chicago wheat...
Mixed Close for Midweek Soy Futures
cent gain, August was up 1 1/2 cents, and meal futures closed $1.70 to $8.50 higher. The new crop bean futures ended with 3 1/2 to 9 1/4 cent losses. Corn was weaker on the day, which left the new crop soy/corn ratio at 2.220. The insurance guarantee price ratio...
10c Losses for New Crop Corn
Wednesday’s session ended near the lows with 10c new crop losses. December was a 73 1/2 cent discount to the nearby July contract. July itself was 3 cents off the low for the day and closed only 3 3/4 cents in the red. NOAA’s updated 7-day QPF shows needed moisture...

The CME Group Intercontinental Exchange