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Kensington, Kansas (66951)
Current Conditions Clear
Temperature 41°F
Dew Point 30°F
Pressure 29.98 in. Hg
Humidity 65%
Wind 16 mph
From Northeast


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Market Commentary
Wheat Markets Rally out of Weekend
At the close Tuesday, front month wheat futures had bounced by double digits on +3% gains. Chicago futures were 20 1/4 to 27 1/2 cents stronger. KC HRW prices were up by 23 3/4 to 27 3/4 cents. Spring wheat closed 14 1/2 to 28 3/4 cents in the black....
Cattle Fade out of Weekend
Live cattle futures closed the first trade day of the week with 27 to 55 cent losses. USDA reported some cash trade from $135.50 to $137 for Tuesday, with business in NE and KS. Feeder cattle also closed red, with a triple digit loss in Jan and 55 to 95...
Hog Market Higher on Tuesday
Lean hog futures traded firmer on Tuesday. For Feb contracts, that added to the triple digit gain going into the weekend and has prices up $4.55 from the Thursday low. USDA’s National Average Base hog price for Tuesday afternoon was $4.08 higher to $66.19. The CME Lean Hog Index from...
Triple Digit Gains for Cotton
Cotton futures continued posting fresh contract highs on Tuesday, as the front months rallied triple digits out of the 3-day weekend. March prices went home 138 points higher with $1.2137/lb as the current LOC high. That’s not quite to the high set by the December contract. New crop December futures...
Corn Markets Mixed at Bell
After weakness to start the short week, corn futures bounced into the close with 1 1/2 to 3 1/4 cent gains. New crop prices were fractionally red at the closing bell. FAS’s weekly Export Inspections report had 1.204 MMT of corn shipped during the week that ended 1/13. That was...
Soy Market Weakens on Tuesday
Soybean oil closed with gains as meal and beans dropped to start the short week. At the close for Tuesday, soybeans had rallied double digits off their intra day lows but were still 8 1/2 to 9 3/4 cents weaker at the bell. Meal futures pulled back $13.10 to $15.50/ton...

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