AgriCharts Market Commentary
Corn futures settled mostly 3 to 4 cents higher. Gross corn use of ethanol by the plants last week (before DDG and corn oil netback) was
Cattle futures are trading 20 to 40 cents lower this morning. Wholesale prices set another new record high for Choice at $211.37 today.
Cotton futures dropped another 74 to 164 points today. Global stock markets were nearly all lower overnight, with Japan taking a particularly large
Wheat futures settled higher at all three exchanges. USDA was expected to show net US weekly export sales of 400-700,000 MT for last week. USDA put
Hogs settled modestly lower following triple digit gains on Wednesday. The pork carcass cutout value is was 6 cents lower than the prior day, with
Soybean futures rallied sharply, and then sold off just as sharply. One of our tried and true market rules is that “Carries are finite,