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Market Snapshot
Quotes are delayed, as of May 01, 2024, 08:53:25 AM CDT or prior.

Local Weather
Forecast

Commentary
Wheat Mixed on Wednesday Morning
Following overnight losses, the wheat market is down 2 to 7 cents across most hard red contracts, as Chicago is fractionally mixed. Bulls stumbled into month end on Tuesday. Kansas City led the way with losses of 6 to 15 ¼ cents and in delivery May down 21. Chicago contracts...
Hogs Switch Focus to Wednesday After Mixed Tuesday
Lean hogs closed out the Tuesday session with contracts anywhere from 45 cents lower to 62 cents higher as the summer months finished the weakest. USDA’s National Average Base Hog negotiated price was up $2.40 from the day prior on Tuesday afternoon at $92.03. The CME Lean Hog Index was...
Cattle Look for Recovery on Wednesday
Live cattle closed out the Tuesday session with contracts fading another $2.17 to $2.72 as April rolled off the board. Cash trade has yet to develop this week, with last week $182-183 in the South, steady to $1 higher. Northern trade was reported at $184-186, steady to $2 higher on...
Cotton Continue Slide on Wednesday
Cotton futures are down to 60 points as we roll into Wednesday and the monthly USDA Cotton Consumption report. Cotton futures collapsed on Tuesday, with contracts down 128 to 309 points across the front months and deferreds 31 to 79 points lower. July hit the lowest reading since last June....
Corn Leaking Lower to Being Midweek Session
Overnight trade in the corn market has futures down ½ to 1 ¼ cents. Corn futures closed out the Tuesday session with most contracts fractionally to 3 ¼ cents lower and May up ¼ cent. There were 3 delivery notices overnight against May futures. The oldest long is dated 10/27/23,...
Beans Continue Retreat into Early Wednesday Morning
Soybeans are trading 1 to 2 ½ cents lower following the overnight trade. They posted double digit losses on Tuesday, with contracts down 15 ¼ to 19 ¾ cents across the board. Soymeal was down $1.80 to $3/ton at the close. Soy Oil was in freefall mode, down another 69...

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