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Kensington, Kansas (66951)
Current Conditions Clear
Temperature 38°F
Dew Point 20°F
Pressure 30.24 in. Hg
Humidity 48%
Wind 9 mph
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Market Commentary
Triple Digit Losses for Cotton
Front month cotton futures ended the Monday session with triple digit losses. Old crop futures were weaker, closing down 223 to 226 points. New crop prices were also triple digits weaker, but from 126 to 134 points. National cotton planting had reached 8% of expected area as of 4/11. That...
Corn Futures Pull Back on Monday
Monday corn trading closed with old crop losses of 6 3/4 to 8 1/4 cents. New crop prices were firmer as Dec closed UNCH and the others were fractionally lower. The weekly Crop Progress report showed corn planting progressed 2 ppts over the week ending 4/11 to now 4% complete....
Beans Retreat on Monday
At the close for the first trade day of the week, soybean futures were 10 1/2 to 21 cents lower. Old crop futures were down the most, tightening the old/new crop inverse to $1.31 3/4. Soymeal prices came back from midday weakness and closed 60 to 70 cents in the...
Hogs Mostly Down Triple Digits at Close
Lean hog futures closed mixed on Monday, but were mostly triple digits weaker. June hogs ended the session $2.80 in the red but had touched the limit $3 loss in the afternoon. USDA’s National Average Base Hog price was up another 33 cents Monday afternoon to $100.54. The CME Lean...
Wheat in Red at Close
Domestic wheat futures closed the Monday session off their lows, but still in the red. CBT SRW prices ended the session 8 to 10 3/4 cents lower with May the weakest. KC HRW futures closed 7 1/2 cents in the red. MGE prices were 10 1/4 to 11 1/4 cents...
Cattle Close Mixed with Weaker Fats
On Monday the cattle futures market ended mixed. Fat cattle futures were down 2 to 70 cents, with the sharper losses in spring months. Feeder cattle futures, on the other hand, were mostly higher capturing the weakness from corn prices. Feeders closed 7 to 62 cents higher on the board,...

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