Cedar County Coop - THE CO-OP

Mixed Close for Cotton on Tuesday - May 30, 2023: The July contract was the outlier on an otherwise red day for cotton futures. July ended the session 64 points higher after a daily range from -59 points to +319 points. The other front months closed 12 to 50 points lower on the day. The Dollar Index was 58 points...
Limit Gains from Hog Market - May 30, 2023: Front month lean hog futures closed with the limit $4.75 gains in the first 3 months. The back months also rallied at least 4% into the new week. The market will trade within the $7 expanded limit on Wednesday. End of month asset allocation protocol could have funds looking to...
Cattle Futures Rally to Start the Week - May 30, 2023: After the 3-day weekend, live cattle futures closed the first trade day of the week with triple digit gains of as much as $2. That led to new contract highs and had the June contract to within $6 of where April expired. Feeders closed the session nearly $1 off the...
Some 4% Losses for Tuesday Wheat Market - May 30, 2023: Wheat futures dropped sharply out of the Memorial Day weekend, with July SRW sub-$6 at the close for the first time since April 2021. The other front month SRW prices were 3% to 3.8% lower at the close. KC wheat firmed a nickel for the close, but were still down...
Beans Near the Day’s Lows on Double Digit Drop - May 30, 2023: Soybean futures fell 2.6% to 3.3% on the first trade day following Memorial Day. That pulled the July contract to below $13/bu for the first time since Dec 2021. Soymeal prices were 2.4% lower with $9.30 to $9.70 losses. Soybean oil futures closed the day on 5.2% to 5.4% losses....
Corn Rallies Off Daily Lows, Still Finished Red - May 30, 2023: After dropping sharply to start the week, corn futures found afternoon buying interest and rallied back about halfway. The July contract ended with a dime loss, while Dec closed 9 1/4 cents lower after a wide -17 1/4 to +1 3/4 cent range. USDA’s weekly Export Inspections report showed 51.71...

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