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Kensington, Kansas (66951)
Current Conditions Sunny
Temperature 83°F
Dew Point 70°F
Pressure 29.93 in. Hg
Humidity 65%
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Market Commentary
More Premium for Nearby Hogs
Lean hog futures ended the session with gains of as much as $3.25 nearby to a 17 cent loss by April ’23. The August to October spread widened to $16.97 by the bell, with August at a $25 premium to December. Dec hogs also extended their premium to Feb by...
Red Close for Wheat
Wheat futures worked higher initially on Wednesday, but turned weaker in afternoon and closed red. CBT SRW ended the day with 1 1/2 to 4 1/4 cent losses. KC wheat futures ended the day with double digit losses of as much as 11 1/2 cents in the front months. Spring...
Corn Ends Higher on the Day
A wide ranged Wednesday session had the market trading both in the red and the black before closing up by 5 1/2 to 8 1/4 cents. The new crop contracts stayed under $6/bu on the day, as Dec printed a 20 cent range. Sep was above the $6 mark at...
Wide Ranged Wednesday for Soy
November soybeans printed a wide 40 cent range after trying both sides of the open. Futures initially went for a bounce back, but ultimately closed mid range on 1 to 7 1/4 cent front month gains. Soymeal futures closed the day with $1.90 to $9.80/ton gains. Soybean oil futures fell...
Cotton Used Expanded Limits
December cotton got to within 2 points of an expanded limit loss following yesterday’s limit drop. At the close futures needed more than the normal 4 cents but not the full 5 settling 407 to 499 points in the red. The Seam reported 616 bales of cotton were sold online...
Triple Digit Gains for Cattle Futures
Wednesday’s cattle futures market worked higher after the red start to the week. The front months ended the day with $1.07 to $1.57 gains. The weekly FCE sold none of the 1,768 head listed, as cash trade for the week remains unestablished. Bids were mostly capped at $137 against $139...

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