- Triple Digit Losses for Thursday Cotton
- Domestic cotton futures ended the Thursday session with losses of 128 to 131 points. New crop December closed 101 points weaker at 84 cents flat. The weekly Export Sales data release showed 169,041 RBs of cotton booked on the week ending 2/25. That was down 32% wk/wk and was 21%...
- Soy Faded Midday Gains
- After posting gains of as much as 30 cents on Thursday, afternoon selling left the board just 3 to 4 cents higher. March, with no deliveries reported as of Wednesday, closed at $14.51 1/4 – a 4 3/4 cent premium to May. Weekly Export Sales data showed 334,039 MT of...
- Wheat Gives Back Midday Gains
- Wheat markets faded their midday gains and ended the Thursday session in the red. There were zero delivery notices vs. Chicago March wheat overnight, but there were 289 put out against KC March as some of the strong hands were not. At the close Chicago futures were down 2 1/4...
- Cattle Close Lower on Thursday
- Fat cattle futures ended the Thursday session with losses of at least 30 cents. April cattle closed at $118.55 after an 85 cent pullback. Thursday cash trade was quiet with some limited WCB and KS trades at $112-114. The bulk of the week’s cash sales have been $114 on Wednesday....
- Corn Ends Mixed on Thursday
- Afternoon selling left old crop corn futures 1 1/2 to 4 cents weaker, with March at $5.46 1/4. That is still a 13 3/4 cent premium to May. New crop futures maintained gains, as the recency correlation ties to old crop begin to loosen. Dec ended up 2 cents to...
- Hogs Close Mixed
- Lean hog futures spent most of the Thursday session flipping from positive to negative territory, but ultimately ended the session mostly lower withing 17 cents of UNCH. April hogs closed at $87.30 after a 62 cent drop. The CME Lean Hog Index was 64 cents higher on 3/2 to $83.27....
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