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- Cotton Closes Higher on Thursday
- The March cotton contract saw a 186 point range on Thursday, from -18 to +168, and settled off the high on a 78 point gain. The other nearby contracts were 74 to 86 points higher at the bell. Weekly Export Sales data from the USDA had 171,160 RBs of cotton...
- Hogs Bounce Back on Thursday
- Hog futures rebounded on Thursday after getting near their lowest quotes since October yesterday. At the close, the front month contracts were $1.17 to $1.70 in the black led by the April. USDA’s National Average Base Hog price was down by a dime to $72.93. The CME Lean Hog Index...
- Triple Digit Rally for Cattle Market
- Live cattle closed near their highs for the day with +$1 gains. April rebounded the most with a $1.60 gain on the day, for a net weekly move of $3 and a new contract high. Feeders were also on the rally back after the inventory report drop. At the close,...
- Mostly Red Day for Wheat
- CBT SRW futures ended the Thursday session with 1 1/4 to 3 1/2 cent gains. The hard reds fell some on the day, with KC wheat giving back 1/4 to 3 1/2 cents and MGE wheats closing fractionally lower. The weekly Export Sales report showed 136k MT of wheat sales...
- Soy Market Climbs Higher on Thursday
- The soybean trade worked higher with double digit gains of as much as 14 cents in the beans. Meal prices provided the bullish input, with front month gains of $6.20 to $7.10. BO prices settled up by 5 to 15 points. USDA reported 735,951 MT of soybeans were booked during...
- Corn Closes Weaker on Thursday
- The corn market pulled back on Thursday, though new crop prices again held relatively firm. New crop corn contracts ended with 1 1/4 to 1 3/4 cent losses to the nearby contracts’ nickel loss, while old crop contracts were down 5 cents or more. USDA reported 1.593 MMT of corn...
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Floydada, Texas (79235)