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National Newswire
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Market Snapshot
Quotes are delayed, as of December 07, 2022, 04:18:46 PM CST or prior.
Local Weather
West Des Moines, Iowa (50266)
Current Conditions
Few Clouds
Temperature
42°F
Dew Point
27°F
Pressure
30.31 in. Hg
Humidity
55%
Wind
6 mph
From
North
Forecast
-
Wednesday
42°
23°
-
Thursday
39°
24°
-
Friday
42°
34°
-
Saturday
45°
33°
-
Sunday
44°
33°
©2022 Freese-Notis Weather
Commentary
- Lean Hogs Rally on Wednesday
- After initial follow through selling, the hog market firmed up for a positive midweek close. Feb stayed in the red and went home 27 cents weaker, but the other nearby contracts were 2 to77 cents higher on the day. The 12/03 CME Lean Hog Index was $82.94, up by 15...
- Cotton Flips Red for the Week
- After early week strength, cotton futures faded on Wednesday. The triple digit losses in the front months flipped March net lower for the week, down 276 points on Wednesday and a net 137 lower for the week to date. Equity futures are lower again today, but off of the intraday...
- Wheat Rallies through Wednesday
- Wheat futures bounced back on Wednesday with double digit gains of as much as 3% in Chicago. The other front months gained 16 to 20 1/2 cents. For the March that still has the contract at a net 11 1/2 cent loss for the week. KC futures were 17 to...
- Cattle Close Firm after Midweek Weakness
- Fat cattle firmed up in the afternoon after early session weakness. At the bell April and August were UNCH, with 7 to 12 cent losses in Feb and Jun respectively. The Dec contract was up 37 cents to stay firm with cash during the delivery process. USDA confirmed $156 trade...
- Soybeans Rally with Strength in Meal
- Meal futures continue to lead beans higher with another 2.3% to 2.9% gain on Wednesday. With BO’s 1.1% to 1.4% drop, that left beans 0.9% to 1.1% higher. Jan gained 17 cents on the day and printed the highest close since September 20th. The day’s $14.78 high was still under...
- Midweek Corn Bounces
- Corn found technical support yesterday and bounced for the midweek session. For the week the March contract is still a net 5 cents weaker. Red Dec ended the day with a 3 cent gain, tightening the Dec-Dec spread to 31 1/2 cents – it was over a dollar at the...
