Morris, Illinois (60450)
- Cotton Trading off Highs at Midday
- Early session strength has faded for midday cotton futures. Prices are trading 114 to 152 points in the red at midday, though were up by more than a penny earlier. New crop cotton futures are 61 to 83 points in the red. Cotton bookings from the weekly Export Sales report...
- Pre COF Losses for Friday Cattle
- Pre report positioning has the front month fat cattle futures market $0.52 to $1.07 in the red at midday. Feeder cattle are also weaker going into the NASS update with midday drops of $0.8 to $1.35. USDA has the bulk price for cash sales at $137 for the week, though...
- Double Digit Drops for Soybeans
- So far soybean futures are trading with midday losses of 10 1/4 to 13 1/2 cents. Soymeal futures are down $6.90 to $8.20/ton. Soybean oil is firm for midday with 2 to 9 point gains. HIS Markit expects US soybean acres to increase nearly 6% to 92.38 million. That would...
- Wheat Markets Mixed so far
- Front month wheat futures are trading mostly weaker for Friday’s midday. KC prices are firm with 1 1/4 to 1 3/4 cent gains. Chicago wheat is down a penny to 4 1/4 cents so far. MPLS wheat is trading with midday weakness of 2 to 6 1/4 cents in the...
- Hogs Continuing Higher Through Midday
- Lean hog futures continue their rally through Friday’s midday, adding another $0.20 to $1.37 to the upside. USDA’s National Average Base hog price for Friday morning was down by 69 cents to $60.45. The CME Lean Hog Index from 1/19 was $76.79 after a 6 cent pullback. Weekly Export Sales...
- Corn Trading Mixed for Midday
- Friday’s corn market has old crop futures in the black at midday, with fractional losses for new crop. Consultant HIS Markit expects U.S. corn acres to reach 90.4m for 22/23 in an updated estimate. If realized, that would be a nearly 3m acre dip yr/yr, with high fertilizer costs as...