Cotton Market Falters Triple Digits - May 20, 2022

Friday’s trading pulled cotton futures back 278 to 543 points after Thursday’s triple digit bounce. The old crop July contract was the weakest on the day, but held above the Thursday low. July cotton went home 293 points under last Friday’s settle, and December was 281 points lower wk/wk. CFTC...

Cattle Fade into the Weekend - May 20, 2022

Fat cattle prices ended the day with a 7 cent gain in June to 42 to 57 cent losses in the other nearbys. The spot futures price to Feb ’23 stayed near a $19 deferred premium at the close. Feeder cattle futures went into the weekend 62 cents to $1.27...

Triple Digit Friday for Lean Hog Rally - May 20, 2022

Following the mid/late April to mid May weakness, lean hogs have bounced back more than $10 with another $1.10 to $3.57 of that coming on Friday’s trade. The National Average Base Hog price for Friday was $110.15 after a $1.18 slide. CME’s Lean Hog Index for 5/18 was $100.37, up...

Corn Market Fades into Weekend - May 20, 2022

Afternoon position squaring pulled corn prices off their daily lows, but the board still went home 3 1/2 to 4 1/2 cents in the red. The July/Dec spread tightened slightly to 43 3/4 cents. USDA reported the weekly average corn oil cash price as between 80.88 cents and 82.14 cents...

Double Digit Gains for Beans - May 20, 2022

The last trade day of the week moved soybean futures 6 3/4 to 14 3/4 cents higher. Old crop prices led the way, widening the nearby premium to $1.83 from July to Nov. Soymeal futures went home $2.50 to $4.60 higher on the day.BO prices also squared up for the...

Third Consecutive Double Digit Loss for Wheat - May 20, 2022

Wheats fell double digits for the third session in a row, after the July contracts printed new highs on Tuesday. Chicago wheat closed 26 1/4 to 31 3/4 cents lower on the day, with July ending the session 8 3/4 cents under last Friday’s settle. KC wheat markets were 38...

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