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National Newswire


Commentary
Triple Digit Rebound from Cotton
Cotton prices ended the day with 1.3% to 1.8% gains led by the thinly traded October contract. For March that was a 112 point gain on a Turnaround Tuesday. The FOMC will announce their interest rate decision tomorrow afternoon, with most analysts expecting between a 25 – 50 basis point...
Hogs Pull Back on Tuesday
Lean hog futures ended the Tuesday session mostly lower, except for the May contract which was up by 40 cents. The other front months were down by 10 to 30 cents at the bell. USDA’s National Average Base Hog price was $70.85 on Tuesday’s PM update, which was 77 cents...
Cattle Close Mixed for NASS Numbers
Nearby cattle traded in a mostly tight range, and settled mixed but mostly lower within 40 cents of UNCH for pre-report positioning. The feeder cattle market was up by triple digits ahead of the report, led by a 1.21% gain in March. USDA has little to no cash trade to...
Tuesday Wheat Trades Higher
Wheat futures rallied off the overnight weakness, the board showed gains across most contracts. CBT wheat futures went home with 7 1/4 to 8 3/4 cent gains. KC wheat prices ended the day with 4 1/2 to 7 3/4 cent gains, but March was 3 1/2 cents off the high....
Mixed Close in Soy Markets
March beans saw a wide 19 1/4 cent range on Tuesday before closing with a 2 3/4 cent gain. The other front month soybean contracts were fractionally mixed to 4 cents weaker at the final bell. Tuesday meal futures settled $3.30 to $4.50/ton in the red. BO futures rallied on...
Corn Fades to Red at the Close
Corn prices ended with a turnaround Tuesday for old crop. The board had a seesaw session with overnight weakness, before bouncing back at midday. Ultimately old crop contracts ended the day with 2 1/4 to 4 cent losses. March saw a 10 1/2 cent range on the day. New crop...

Market Snapshot
Quotes are delayed, as of January 31, 2023, 06:16:39 PM CST or prior.

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Pleasant Plains, Illinois (62677)
Current Conditions Clear
Temperature 17°F
Dew Point 3°F
Pressure 30.39 in. Hg
Humidity 53%
Wind 3 mph
From Northwest


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