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Kensington, Kansas (66951)
Current Conditions Sunny
Temperature 70°F
Dew Point 10°F
Pressure 29.91 in. Hg
Humidity 10%
Wind 14 mph
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Market Commentary
Wheat Recovering on Tuesday
Wheat markets are recovering from sharp losses yesterday with double digit gains through midday. CBT prices are back up 11 1/2 to 19 1/2 cents so far led by in deliveries March at $6.63. HRW wheat futures are 11 3/4 to 16 1/2 cents higher erasing yesterday’s losses. Minneapolis spring...
Cotton Weakening on Turnaround Tuesday
After recovering from hard selling on Thursday with triple digit Monday gains, front month cotton futures are 56 to 89 points weaker on Turnaround Tuesday. March is near 89.70 cents at midday. ICE reported 3 new deliveries issued against March cotton futures, bringing the MTD deliveries to 81 (Wells Fargo...
Corn Higher on Turnaround Tuesday
Tuesday midday prices are back up by 6 1/2 to 8 cents. March futures are 13 1/2 cents in the black with preliminary OI at 16,588 contracts as of March 1. There have been no deliveries issued against March corn to date. New crop contracts are still 53-70 cent inverse....
Beans Double Digits Higher
Turnaround Tuesday in the soy complex has futures cancelling Monday’s selloff. Soybeans are 11 1/4 to 18 cents higher so far, with May near $14.09/bu. New crop beans are in the black as well, but the 7 1/2 to 10 1/4 cent gains are widening the inverse. A stronger US...
Cattle Firmly Mixed at Midday
Live cattle futures are trading mostly lower, within a dime of UNCH. August contracts are UNCH at $116.37, and April is 32 cents higher so far. Cash cattle sales have yet to surface through Tuesday; there were reports of some early asks in the South for $116, but sales had...
Hogs Selling at Midday
Lean hog futures are working lower through midday with triple digit losses so far. April contracts are near $85.67 on a +$2.00 drop. The CME Lean Hog Index was $80.70 on the 25th, up from $79.95. USDA’s National Average Base Hog price was $0.46 higher in the AM update to...

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