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Market Snapshot (More Futures Below)

Quotes retrieved on December 02, 2020, 12:11:56 PM CST

Commentary

Hogs Slipping at Midday - December 02, 2020: Wednesday’s pullback has midday futures prices 32 to 82 cents weaker so far. The CME Lean Hog Index for Nov 30 was down another 14 cents at $66.67. USDA’s National Average Morning Base Hog price for Wednesday was $56.42, down by 34 cents. Pork Cutout futures are also in the...
Cotton Working Lower at Midday - December 02, 2020: Cotton futures are trading lower at midday with 7 to 18 point drops so far. In Delivery Dec futures are down 58 points to 70.01 cents. The dollar is weaker on the day so far. ICE announced another 17 deliveries against Dec, MTD deliveries are now at 292 contracts. USDA’s...
Corn Futures Recovering at Midday - December 02, 2020: After trading in the red early for the midweek session, futures have climbed back into positive territory with midday gains of 1 3/4 to 3 3/4 cents. EIA’s weekly ethanol production report showed a 16,000 bpd decrease in production from week to week as producers averaged 974k bpd on the...
Double Digit Gains for Wednesday Wheat - December 02, 2020: Hard selling earlier in the week is leading to a midweek dead cat bounce. CBT wheat futures are trading with 9 1/2 to 13 1/4 cent gains. KC HRW is back up by 12 1/4 to 14 1/2 cents. Spring wheat futures on the MGE are 6 to 8 1/4...
Soy Market Continues Lower - December 02, 2020: Soybeans are trading with losses of 3 1/2 to 5 cents at midday. Soybean meal futures are $1.80 to $1.90 weaker so far. BO futures are within 5 points of UNCH. CME said there were 100 deliveries against December soy oil. Open interest as of Tuesday was 1,921 contracts for...
Cattle Complex Mixed at Midday - December 02, 2020: Live cattle futures are 10 to 27 cents stronger at midday, save for a 15 cent dip in December. Feeder cattle on the other hand are in the red so far, with 7 to 25 cent drops. March contracts are UNCH. The 11/30 CME Feeder Cattle Index was $140.30, up...