National Newswire
USDA Newswire
Market Snapshot
Quotes are delayed, as of September 21, 2023, 01:14:27 PM CDT or prior.
Local Weather
Commentary
- Limit Loss for Oct Hogs
- Lean hogs are trading lower with the majority of ag futures on Thursday. Triple digit losses in the front months are at least $1.55, while the October contract is lock-limit lower so far. USDA’s National Average Base Hog price was withheld for confidentiality on Thursday morning, from $79.27 yesterday. The...
- Midday Losses from Corn
- Corn futures are dropping over a percent on Thursday with the front months trading 7 to 8 cents in the red and at their lows for the day. USDA reported a large private export sale to Mexico this morning, good for 137,160 MT – including 15.2k for 24/25 delivery. Weekly...
- Soy Selling on Thursday
- The soybean market is trading 1.3% to 1.8% in the red through Thursday’s midday. Futures are at or near their lows for the session with over 20c losses in the front months. Midday Soymeal futures are also in the red, with losses of as much as $5/ton. Soybean Oil prices...
- Wheat Trading Red Through Thursday’s Midday
- The wheat futures are down by over a percent in tandem with weaker corn and bean futures. Chicago prices are 7 ½ to 9 ½ cents lower so far. KC wheat is leading to the downside with nearly a 2% loss in the Dec contract. Spring wheat futures are dropping...
- Cattle Rally Stalling in Broad Market Weakness
- With decent Export Sales demand and cheaper feed grains, the fat cattle futures are trading triple digits in the red as ag futures generally drop through Thursday. The feeders are down $0.87 in Sep, but $2 in the other nearbys. Cash trade remains light for the week, with USDA confirming...
- Cotton Fading through Thursday
- Cotton futures are trading 51 to 81 points in the red as the ag market dives on Thursday – following the FOMC meeting yesterday. Dollar Index is off its high from gapping higher at the open, but is still 0.2% higher for the session so far. USDA’s Export Sales data...
