Cotton Futures Rebound Ahead of Report
Blog Post Top

Hog futures ended mixed, supported in the front-month contract by recent gains in the cash markets. Cash and futures prices tend to converge near the front-month contract’s expiration.

June Hogs gained 100 to $115, the July contract fell 80 to $125.

U.S. feeder-cattle futures ended the session at record highs Tuesday, as profit-taking early in the session gave way to fresh gains amid expectations for another bumper U.S. corn crop this year.

August feeder-cattle rose 165 to $205, an all-time high for any front-month futures contract, and the seventh consecutive session of new peaks. June live-cattle advanced 67 to $143.

U.S. corn futures slumped to a nearly four-month low on speculation USDA will increase its forecast for stockpiles of the grain in a key report Wednesday. Soybeans rose on speculation that the USDA will lower its outlook for stockpiles before the harvest this fall. Wheat futures declined as rainfall in the U.S. southern Great Plains the past two weeks has improved the condition of the hard-red winter crop.

July corn fell 5 1/2 to $4.45, July Soybeans gained 5 1/2 to $14.62, July Chicago Wheat fell 11 1/4 to $6.01, and July KC wheat fell 7 ¾ to $7.26.

Cotton prices climbed to a one-week high Tuesday on expectations of greater demand for the fiber in the U.S. Department of Agriculture’s monthly supply-and-demand forecasts. July cotton gained 175 to 86.30, and the October contract fell 5 to 76.93.

Oil futures failed to hold above $105 a barrel Tuesday but held near multi-month highs ahead of an expected drop in U.S. oil supplies. July crude fell 6 cents to$104.35 a barrel, July gasoline dropped 1.03 cents, to $2.97 a gallon, and July diesel slipped a fraction to $2.88 a gallon.

Natural gas prices retreated for a second-straight session Tuesday as mild spring weather encouraged traders to cash out on several days of gains. July nat gas fell 11.5 cents to $4.53.

On Wall Street, stocks ended flat on Tuesday, with the Dow eking out a record closing high while the S&P 500 utilities sector index fell as 10-year Treasury bond yields hit their highest level in a month.  The Dow gained 2 to 16,945, the Nasdaq closed at 4,338, up 1 and the S&P 500 fell a fraction to 1,950.

A native of the Texas Panhandle, Rhonda was born and raised on a cotton farm where she saw cotton farming evolve from ditch irrigation to center pivot irrigation and harvest trailers to modules. After graduating from Texas Tech University, she got her start in radio with KGNC News Talk 710 in Amarillo, Texas.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Blog Post Right - 1
Blog Post Right-1

Blog Post Right - 2_crawford
Blog Post Right - 2

Upcoming Events

Jan
8
Thu
9:30 am Johnston Tobacco Production & GAP Meeting @ Johnston County Extension Center
Johnston Tobacco Production & GA… @ Johnston County Extension Center
Jan 8 @ 9:30 am – 10:30 am
The Johnston County Extension Center will host an educational meeting for tobacco farmers and other industry personnel on Thursday, January 8, 2015 beginning at 9:30 [...]
Jan
14
Wed
all-day Joint Commodity Conference 2015 @ Sheraton Imperial Hotel & Convention Center
Joint Commodity Conference 2015 @ Sheraton Imperial Hotel & Convention Center
Jan 14 – Jan 16 all-day
You are invited to attend the 26th Annual Joint Conference of NC Small Grains, Soybeans, Corn & Cotton Producers Associations, an informative and educational conference [...]
all-day SC AgriBiz & Farm Expo @ Florence Civic Center
SC AgriBiz & Farm Expo @ Florence Civic Center
Jan 14 – Jan 15 all-day
In planning for the 2015 Expo we have decided to change our dates from a Thursday-Friday Expo to a Wednesday-Thursday Expo. This gives you two [...]
9:00 am South Carolina Agritourism Mini Conference @ SC AgriBiz and Farm Expo, Florence Civic Center, Florence, SC
South Carolina Agritourism Mini … @ SC AgriBiz and Farm Expo, Florence Civic Center, Florence, SC
Jan 14 @ 9:00 am – 2:00 pm
Agritourism is agriculture based activities that bring people to farms, ranches or other agricultural settings. SCDA recognizes the great value of agritourism and its potential [...]
Jan
30
Fri
all-day 2015 Annual SCFB Young Farmer and Rancher FARM Life Conference @ Double Tree Hotel in downtown Charleston
2015 Annual SCFB Young Farmer an… @ Double Tree Hotel in downtown Charleston
Jan 30 – Jan 31 all-day
Keynote presenters will include agricultural activist Trent Loos. Trent has long believed in the true value of our food supply as a means of national [...]

View Calendar