Market Snapshot
Quotes are delayed, as of September 27, 2023, 05:03:30 PM CDT or prior.
Burlington Area Weather
Commentary
- Cattle Continued Lower
- Wednesday’s cattle market extended the pullback with another 30 to 90 cent losses. The October contract settled the session 10 cents weaker, for a net $2.17 drop for the week. Dec fats are down by $3.17 for the week. The front month feeder cattle futures market was $1.07 to $2.70...
- Corn Rallies through Midweek Trade
- Corn futures closed the midweek session 3 ½ to 4 ¼ cents in the black. That has the Dec contract 6 cents in the black for the week. EIA reported the average daily ethanol production was 1.009 million barrels during the week that ended 9/22. That was up 29k bpd...
- Wheat Drops on Wednesday
- Front month wheat futures fell on Wednesday. CBT SRW futures ended with 0.8% to 1.6% losses of 5 ¾ to 9 ½ cents. Minneapolis wheat futures closed the day 1.4% to 2% lower on the day, with losses of as much as 15 ¾ cents. The KC wheat futures settled...
- Wednesday Gains for Cotton Futures
- The cotton market was off the highs, but held on for gains on Wednesday. The board was 12 to 24 points higher at the settle. December contracts were up by 127 points at the high of the session. The Cotlook A Index was back up by 195 points to 98.35c...
- Soy Closed Off Highs
- Front month soybean futures ended the midweek session with 6 ¾ to 2 cent gains in the back months and a fractional gain in the November. Nov beans printed a 20c range on the day, but closed 14c off the high. November is at a 7c gain for the week....
- Hogs Firmed Up on Wednesday
- Ahead of the Thursday Hogs and Pigs update, hog futures were 25 to 52 cents in the black. Dec is at a net 60c gain for the week, and October is up 60 cents as well. USDA’s National Average Base Hog price fell 37 cents to $76.62 on Wednesday afternoon....
