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Cotton Futures
Market Snapshot
Quotes are delayed, as of December 09, 2023, 04:17:10 PM CST or prior.
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Commentary
Beans Spike Below $13, Stay Above for the Close -
The Friday soybean trade settled with prices 4 to 7 ¾ cents in the red. The Jan contract spiked below the $13 round number after the report, but Cotton Sells Off After Yield Cut -Cotton futures closed Friday ~20 points off their lows, but still 58 to 115 points in the red. The March contract printed a 200 point range from Strong Friday Rally for Cattle Futures -Live cattle limited the week’s draw down with a triple digit gain of as much as 2% on Friday. Feb fats were up by $3.20 for the day, but still Corn Fades to Red after USDA Data -Corn finished the last trade day of the week with fractional to 2 ½ cent losses across the front months. That left the March contract at just a ¾ Wheats Faded into the Weekend -After a week of buying into the data release and seeing a mostly bull-friendly update, wheat futures pulled back into the weekend. Chicago futures Hogs Rally Into Weekend -Lean hog futures finished the last trade day of the week with $0.87 to $1.52 gains. For Feb, that only reduced the week’s loss to $1.12. The Full commentary... |