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National Newswire



Market Snapshot
Quotes are delayed, as of July 22, 2024, 02:33:21 PM CDT or prior.

Local Weather
Forecast

Commentary
Cotton Slipping on Monday
Cotton futures are down 5 to 10 points across most contracts on Monday. Crude oil is down 25 cents per barrel to add some pressure via the synthetic fiber market. President Biden announced he would not run for re-election. The 7 day QPF forecast calls for rains over widespread rains...
Soybeans Rallying Double Digits on Monday
Soybeans are posting double digit gains across most contracts on Monday, with contracts up 17 to 29 cents. Soymeal futures are up $4.60 per ton. Soy Oil futures are 48 points higher in the August contract. Soybean conditions are expected to be reported at a steady 68% in this afternoon’s...
Corn Posting Monday Strength
Corn futures are showing midday gains of 7 to 9 cents across most nearby contracts on Monday. Condition ratings expected out this afternoon via the Crop Progress report is estimated to be steady. The 7 day QPF forecast calls for rains over widespread rains from Mexico to Virginia, with up...
Wheat Mixed, as Spring Wheat Continued Ascent
Wheat futures are mixed across three US markets, as MPLS spring wheat is up 6 to 10 ½ cents across most contracts. Chicago futures are 2 to 3 cents in the green at midday. Kansas City contracts are the weak spot, down fractionally to a penny on Monday. Crop Progress...
Cattle Rallying in Reaction to CoF Report
Live cattle futures are coming out of the Cattle on Feed report with gains of 50 cents to $1.25. Last week’s cash trade was 187-188.50 across the south last week, down $1 to 50 cents higher from the previous week. In the north, trade was $196-198, steady to down $2...
Hogs Mixed, as Nearbys Led Higher with Support from the Pork Cutout
Lean hogs are mixed on Monday, though front months are 42 cents to $1.07. The USDA National Base Hog price was reported at $83.84 on Monday morning, up $1.51 from the day prior. The CME Lean Hog Index was $89.71 on July 18, up 44 cents from the previous day....

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