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Cotton Futures
Market Snapshot
Quotes are delayed, as of April 19, 2024, 06:23:40 AM CDT or prior.
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Commentary
Cotton Heads Lower on Thursday -
The cotton market posted 7 to 113 point losses on Thursday. The death spiral liquidation continues for May, down 146 points, as longs get out before Soybeans Close Near Thursday’s Lows -Soybeans pushed lower into Thursday’s close, as contracts settled with losses of 6 ¾ to 15 ¼ cents on the day, led by the nearbys. Soymeal was Cattle Head Higher into the Close -Live cattle posted some strength on Thursday, with contracts up anywhere from a nickel to $1.05. Cash action has been quiet so far this week. There Wheat Rounds Out Thursday with Gains -The wheat markets put together some strength on Thursday, as contracts were mostly higher. Chicago was the weakest, with nearby May closing down ¼, Hogs Leak Lower on Thursday -Lean hogs posted mostly weaker action on Thursday, as contracts were down anywhere from a tick to 42 cents with the exception to July, up a nickel. Corn Pressured Lower on Thursday -Thursday trading in the corn market saw weakness creep in, with losses of 3 1/2 to 4 ¾ cents at the close. May was 3 ½ cents in the red and back Full commentary... |