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Market Snapshot
Quotes are delayed, as of June 07, 2023, 04:19:42 PM CDT or prior.

Local Weather

Cotton Marching Lower through Midweek Trade
Cotton futures continue to push lower on Wednesday, with the front months working 62 to 76 points in the red. Prices were also weaker overnight, bounced strongly near 8 AM, but have been fading since. The 6/6 Cotlook A Index was a penny weaker to 95 cents/lb flat. The Seam...
Hog Futures Fading at Midday
Lean hog futures are trading 0.88% to 2.5% lower through Wednesday’s midday. The June contract is up 40 cents from the low, but still 72 cents in the red. USDA’s National Average Base Hog price for Wednesday morning was $1.83 stronger to $92.44. The CME Lean Hog Index for 6/2...
Cattle Giving Back Gains on Wednesday
Live cattle futures are trading back down by triple digits on Wednesday. The June contract is the exception with a 47 cent gain through midday. The merc showed Dec 7th was the oldest dated long for June cattle, with no deliveries announced and none expected during the strong cash market...
Double Digit Drop in Wheat Market
Midweek wheat trading is driving futures lower, after traders saw the Crop Production report estimates are calling for increased wheat production. Chicago prices are down 1.7% to 1.9% so far with double digit losses. The KC market is trading the weakest through midday, with losses of as much as 26...
Soybean Futures Holding Gains
Beans are fractionally mixed but mostly higher in the new crop futures. Old crop is still trading 8 to 15 cents in the black through midday. Soymeal prices are working higher with $2.10 to $6/ton gains through midday. The soy oil futures market is trading 18 to 27 points higher...
Corn Fading as Weather Traders See Rain
Corn prices are down 2 3/4 cents in the July contract but 9 to 10 cents in the new crop contracts as the summer weather traders glimpsed the upcoming forecasts. NOAA’s updated 7-day QPF shows needed moisture for the ECB through MO. Southern IL will receive ~1” accumulated through the...

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