Trotter Inc.
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Market Snapshot
Quotes are delayed, as of May 09, 2024, 05:46:11 AM CDT or prior.
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Market Commentary
Cattle Pulls Back With Weaker Boxed Beef Prices -
Live cattle closed the Wednesday session with contracts down 95 cents to $1.57 across the CME. Cash trade has yet to develop this week, with the Soybeans Pull Back on Wednesday -Soybean bulls took a breath on Wednesday, as contracts were down 9 ¼ to 19 ½ cents across the board at the close. Soymeal also pulled back with Cotton Rallies on Wednesday -The cotton market shot higher on Wednesday, with futures closing 106 to 256 points higher as May rolled off the board. Cotton limits are reverting Hogs Close Wednesday on a Mixed Note -Lean hogs bounced back and forth on Wednesday, with contracts slipping off the midday pop, but still closing mixed. Contracts were anywhere from a Corn Correct Lower Ahead of Friday’s Reports -Futures are pulled back on Wednesday after a couple weeks of rallying and a USDA report on the horizon. Corn prices ended the midweek session with Wheat Market Heads Lower on Wednesday -The wheat complex closed the midweek session with weakness across all three exchanges. Chicago wheat contracts were own 8 ¼ to 9 ½ cents on the Full commentary... |