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Market Snapshot
Quotes are delayed, as of May 08, 2024, 11:50:05 AM CDT or prior.
Commentary
Corn Extending Weakness into Wednesday -
Corn prices are posting 2 to 3 cent losses on Wednesday morning. Futures slipped back on Turnaround Tuesday, with nearby contracts down ¼ to 3 ½ Soybeans Start the Midweek Session Lower -Beans are trading 5 to 7 cents in the red so far in the midweek session. Bear spreading resulted in old crop losses of ½ to 2 ½ cents. New crop Hogs Switch Focus to Wednesday Following Weaker Cutout -Lean hogs were firmer on Tuesday, as contracts were up 15 to 62 cents. USDA’s National Average Base Hog negotiated price was up 84 cents in the Cattle Look to Wednesday Trade -Live cattle closed the Turnaround Tuesday session with most contracts 65 cents to $1.27 higher. Cash trade has yet to develop this week, as sales of Cotton Pushing Higher to Start Wednesday -The cotton market is trading 62 to 145 points this morning as May expires today. Futures had an inside day on Tuesday, but settled higher. Contracts Wheat Extends Pullback on Wednesday -Wheat prices are down another 7 to 12 cents on your Wednesday morning. Futures faced some weakness on Tuesday after the last couple weeks of Full commentary... |
National Newswire
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