StoneX Morning Grain Comments
December 2, 2022
Current Trend: Mostly Lower
Reason: Soyoil plunge continues, wheat to fresh lows, weak corn export sales weigh.
Estelline Coop Grain offers various types of contracts to help you achieve your marketing goals. Stop in and we would be more than happy to discuss what options would work best for your operation.
Estelline, South Dakota (57234)
- Friday Fade from Cotton Trade
- The last trade day of the week saw futures pull back and go into the weekend on 138 to 165 point losses. For March that only limited the weekly gain as the contract was still up a net 3 cents from last Friday. The weekly Commitment of Traders data release...
- Dec Hogs Left Behind on Friday
- December hogs closed 70 cents in the red on Friday, for a weekly drop of $1.35 as contract expiration draws nearer. The other front months rallied triple digits on the last trade day of the week, with Feb settling $1.92 above last Friday. The USDA National Average Base Hog Price...
- Friday Gains Leave Cattle Stronger for the Week
- Live cattle futures ended the last trade day of the week 30 to 47 cents higher. That kept futures higher from Friday to Friday, with Dec settling up by 27 cents and Feb up by 75 cents. USDA reported some moderate Friday action in the North mostly at $157. The...
- Wheat Futures Fall into Weekend
- Friday wheat prices settled with double digit losses across the domestic classes. CBT SRW ended the day 2.4% to 2.8% lower for a weekly decline of 36 cents in March. KC HRW futures dropped 17 to 21 cents on the day, for a net loss of 41 1/4 cents on...
- Soybeans Bounce Back on Friday
- The weekly bean market saw strength early before Thursday took it all back. On the last trade day of the week beans gained 8 1/4 to 10 1/2 cents, leaving Jan at a net 2 1/4 cent gain from Friday to Friday. Meal stayed up on the week, with Friday’s...
- Corn Weakens into Weekend
- Front month corn futures extended the week’s slide into the weekend with Friday losses of 9 33/4to 15 cents. For March that ended the week as a net 25 cent loss. New crop futures were firmer on Friday with red Dec going home just 3 1/4 cents lower. Dec ’23...
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All grain prices are subject to change at any time.
Cash bids are based on 10-minute delayed futures prices, unless otherwise noted.