Market Snapshot

Quotes are delayed, as of July 23, 2024, 10:29:58 PM CDT or prior.

Burlington Area Weather

Forecast

Commentary

Corn Price Rally Extended on Tuesday
Corn prices settled mostly ½ to 2 ¼ cents higher on Tuesday, extending Monday’s rally and closing above some initial technical resistance levels such as the 18-day moving average. Prices did back off from midday levels, when they had been 4 to 5 cents higher. A drier weather pattern is...
Soybean Prices Mostly Higher on Tuesday, Excluding August Futures
August soy futures settled ¼ cent lower on Tuesday, while the rest of the contracts were 4 3/4 to 7 cents higher and extending gains from Monday. August does have to deal with the upcoming options expiration on Friday. Soymeal futures settled UNCH to 90 cents/ton lower, rallying in the...
Wheat Markets Lower on Turnaround Tuesday Fading of Monday Gains
Wheat futures were lower in a Turnaround Tuesday performance, fading gains from Monday. Chicago SRW futures settled 4 ¼ to 5 ¼ lower. Kansas City HRW contracts were down 4 to 5 cents at the close. MPLS spring wheat settled mostly 7 ¼ to 7 ½ cents lower than where...
Cotton Futures Lower on Tuesday on Optimism about US Yields
Cotton Falling on Improved Conditions Cotton futures had another ugly day on Tuesday if you are future bull or producer with unsold inventory. Prices settled 63 to 210 points lower, with thinly traded October the softest. Active December was down 114 points (1.14 cents/pound). USDA report showed improving US crop...
Cattle Futures Higher, Cash Still Above Board
Live cattle futures were solidly higher on Tuesday, settling $1.20 to $2.37 higher and led by nearby August futures. August is still being supported by cash cattle prices that are above the board, and substantially so in the north. Last week’s cash trade was 187-188.50 across the south last week,...
Hogs Put Up Some Triple Digit Gains
Lean hogs were trading with 22 cent to $1.30 gains at midday on Tuesday. They closed strong, with gains of $1.15 to $1.45 in the front four contracts. The USDA National Base Hog price was reported at $84.35 in the Tuesday evening summary, up $.31. The CME Lean Hog Index...

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