Market Snapshot
Quotes are delayed, as of November 29, 2023, 06:52:07 AM CST or prior.
Burlington Area Weather
Commentary
- Double Digit Wheat Rally after Export Sales
- The wheat futures rallied 1.8% to nearly 4% across the domestic classes on Tuesday. KC HRW futures led the way with 19 to 23 cent gains. Chicago futures were up by 11 cents. Spring wheat prices were 14 cents stronger at the close. Reports on the wire showed South Korea...
- Hogs Rally Triple Digits on Tuesday
- Hogs recovered after the Thanksgiving week’s losses, closing Tuesday 1.2% to 3.2% in the black. Feb futures were $2.10 higher. USDA’s National Average Base Hog price was down another $0.42 to $58.43 for Tuesday’s PM quote. The CME Lean Hog Index dropped by $1.27 to $72.33 on 11/24. Chinese Dalian...
- Turnaround Tuesday for Cotton
- After a wide ranged session, the cotton market closed 1 to 41 points in the black. Futures are still at a loss for the week’s move, with March down by 139 after Monday. March cotton saw a 131 point range on Tuesday. The last NASS Crop Progress report for this...
- Corn Fades Back for another Red Close
- Corn futures initially worked on a turnaround Tuesday, but faded through the afternoon to close mixed and mostly red. Dec futures were down by 4 cents, with a 1 ¾ cent loss in March. The back months were fractionally mixed. The Dec/Dec spread is now 54 ¼ cents. Spot Dec...
- Beans Rally with Export Announcement and Crude Oil
- The soy complex closed mixed as meal futures missed out. Soymeal futures were the weak link, falling $3.60 to $8.40 across the front months. Beans were up by 1% on the day, helped by the strong soy oil market. Soybean Oil futures rallied back on Tuesday by 2.7% to 3.7%....
- Triple Digit Turnaround Tuesday for Cattle
- After hitting new lows for the move, live cattle futures rallied back $2.87 to $4.20 across the nearbys. The Feb contract was $1 off the session high, but still up by $4. Feeder cattle also bounced back with 3.8% gains of as much as $8.25. Cash trade remains mostly unestablished...
