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National Newswire




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


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...

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