National Newswire
USDA Newswire
Market Snapshot
Quotes are delayed, as of June 01, 2023, 05:00:22 PM CDT or prior.
Local Weather
Commentary
- Cotton Futures Rally on Thursday
- Front month cotton futures ended the Thursday session with 2% to 3.5% gains. July contracts were up the most with a 294 point gain. December futures were also more than 2 cents higher at the close. The monthly Cotton Systems Consumption report had 626 RBs of cotton usage for April....
- June Hogs Closed Higher June First
- Most of the lean hog market slid back on Thursday, but the June contract ended the session with a 97 cent gain. The other front months backed off by as much as $1.82 on the day. USDA’s National Average Base Hog price faded 4 cents on strong 20k head volume...
- Cattle Rally with Cash Market
- Cattle futures printed a strong Thursday session with the June contract leading the way. June fats were up nearly $6 at the close, and filled April’s expiration gap. The other front months were also 1.8% to 2.8% higher after the Thursday rally. The cash market on Thursday saw cattle trade...
- Wheat Gains for the New Month
- Wheat futures were up 0.9% to 2.8% across the domestic classes to start the month of June. For CBT SRW that left the market 16 1/2 to 17 1/2 cents higher. Front month KC wheat futures closed up by 12 to 15 1/4 cents, with July back above the $8...
- Soy Market Found Strength on Thursday
- Beans settled the Thursday session near their highs with carryover strength from yesterday afternoon’s rally. At the close the front months were 18 1/4 to 29 3/4 cents in the black. Soymeal prices ended with $4.80 to $8/ton gains on the day. Soy oil futures rallied +3% with gains of...
- July Corn Futures Close Red
- Corn was working higher on Thursday, but faded in the afternoon. July corn pushed back above $6 during the 14 1/4 cent range, but ultimately closed near the low for the day on a 1 1/2 cent loss. The other contracts stayed 8 to 8 3/4 cents higher for the...
