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Cotton Futures
Market Snapshot
Quotes are delayed, as of May 07, 2024, 03:07:53 PM CDT or prior.
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Commentary
Hogs Firmer on Tuesday -
Lean hogs are trading steady to 60 cents higher across most contracts on Tuesday’s midday. USDA’s National Average Base Hog negotiated price was Cattle Rallying on Tuesday -Live cattle are up $1.15 to $1.80 across most contracts on Turnaround Tuesday. Cash trade has yet to develop this week, as sales of $184 were Cotton Showing Turnround Tuesday Bounce -The cotton market is posting 81 to 108 point gains at midday. The US dollar index is up 196 points, a negative input, while crude oil is 25 cents Soybeans Mixed as New Crop Leads Charge Higher -Beans are showing weakness in the front months on Tuesday, with July down 3 ¾, as new crop contracts are up 6 to 8 cents. Soymeal is pulling back Wheat Slipping Lower on Turnaround Tuesday -Wheat futures are pulling back on Tuesday after the last couple weeks of rallying, as winter wheat conditions were shown to improve slightly. Corn Facing Weakness As Drier Window Approaches -Corn futures are slipping lower on Tuesday, as contracts are fractionally to 2 cents in the red. We got confirmation to a slowdown in US planting on Full commentary... |