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Oklahoma USDA Newswire



Market Overview
Quotes are delayed, as of April 26, 2024, 02:32:33 PM CDT or prior.

Weather Radar
Forecast

Commentary
Wheat Rallying to Round out Strong Week
Wheat bulls are continuing to push the shorts out on Friday, as contracts are up across much of the board. Kansas City continues to lead the way, with gains of 10 to 13 cents at midday. Chicago futures are trading with 4 to 5 cent gains across the front months....
Soybeans Hesitant to Head Higher on Planting Delays
Soybeans are trading with fractional to 3 ¼ cent losses across the nearby contracts on Friday. Soymeal is down $2.30 in the nearby May contract. Soy Oil is showing some strength, up 15 points for May. May options expire across the complex today. Planting will likely be put on hold...
Cattle Regaining Strength to Round Out Week
Cattle futures are continuing to shrug off the Wednesday overreaction, as contracts are up another 60 cents to $1.52 at midday. Cash trade kicked off on Thursday with a steady/higher note this week, as the South was at $182 in TX and $182-183 in KS, even to $1 above a...
Hogs Continue Drop into Friday
Lean hogs are down another $1.12 to $2.45 at midday. USDA’s National Average Base Hog negotiated price was not reported on Friday morning, with a 5 day rolling average at 90.45. The CME Lean Hog Index was back down 21 cents on April 24 at $91.43. May futures still hold...
Corn Sneaking Higher into the Weekend
Midday action in the corn market has futures showed fractional to 1 cent gains across the front months. Some spillover support form wheat could be attributed to the gains. Rains over the next few days will put a pause on planting for a good chunk of the Corn Belt. There...
Cotton Mixed on Friday
Cotton futures showing mixed action on Friday, with front months up 6 to 49 points and December and beyond down 3 to 22 points. The outside markets are providing a mixed influence, with crude oil up 45 cents/barrel and the US dollar index 469 points higher. ICE certified cotton stocks...

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