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National Newswire
USDA Newswire
Market Snapshot
Quotes are delayed, as of March 20, 2023, 03:51:38 AM CDT or prior.
Local Weather
Commentary
- Cotton Drops Triple Digits on Friday
- Front month cotton futures dropped by triple digits across the front months, with May closing 133 points in the red. That flipped the week’s net change negative, settling 35 points under last Friday. The new crop December contract ended the week at a 74 point loss and the lowest close...
- Mostly Lower Hog Trade for Friday
- With the exception of a 42 cent gain for the April contract, lean hogs extended the downside by $0.15 to $1.20 on Friday. April managed to limit the week’s loss to $7.57, but still got to within $2.58 of the contract low. USDA’s National Average Base Hog price was 37...
- Mixed Mostly Lower Close from Cattle Market
- The Friday cattle futures market closed mixed ahead of the COF report. April went into the weekend 77 cents off its low for the day, but still 2 cents in the red. April fats were down by $2.25 for the week. The feeder cattle market also closed mostly lower on...
- Wheat Futures Post Double Digit Gains
- Wheat futures ended Friday with gains of more than 1%. Chicago futures settled up by 8 3/4 to 11 1/2 cents on Friday, with May rallying 31 1/4 cents for the week. KC HRW futures were 11 3/4 to 16 cents higher across the front months at the bell. For...
- Soy Futures Fall into the Weekend
- Front month soybeans closed 9 3/4 to 15 cents lower on Friday. For May, that ended the week as a 30 1/4 cent loss as the board saw the lowest prints since December. November contracts ended the week 44 cents below last Friday. Soymeal futures closed with $5.50 to $8/ton...
- Corn Closes in the Green on Friday
- Corn futures settled 1 1/4 to 2 3/4 higher on Friday going into the weekend. For the week, that left the May contract up by 17 cents but within last week’s range. December contracts ended the week 3 1/2 cents above last Friday. USDA’s national weekly Ethanol report had the...