Headlines

July cotton faded into Friday’s close and ended the session 37 points in the red. The other front months stayed higher, though the gains were limited to 27 points. July cotton futures were a net 270 points higher for the week, while Dec was up a net 131 points from... (full story)

Hogs Finish +$10 for the Week

Alan Brugler - Barchart - Fri Jun 02, 9:51PM UTC

Friday’s hog market added another triple digits to the week’s rally. The front months were up 1.6% to 3.8% on the day, leaving the June contract at a net $10.65 gain for the week. USDA’s National Average Base Hog price dropped $4.82 on Friday afternoon to $81.76. The 5/31 CME... (full story)

HEM23: 86.725s (+3.175), HEQ23: 82.300s (+2.275), KMM23: 89.025s (+2.775)

Cattle Finish the Week with Gains

Alan Brugler - Barchart - Fri Jun 02, 9:50PM UTC

First Notice Day for June cattle begins the delivery period on Monday. June fat cattle futures added another $1.52 to the week’s move on Friday, settling with a net $9.07 gain for the week. That was the largest single week move for the lead month since April of 2020’s $9.67... (full story)

LEM23: 176.425s (+1.525), LEQ23: 172.900s (+0.525), LEV23: 176.000s (+0.125), GFQ23: 241.900s (+0.250), GFU23: 245.000s (+0.050)

Wheat Futures Rally on Friday

Alan Brugler - Barchart - Fri Jun 02, 9:50PM UTC

July SRW wheat saw a wide 20 cent range on Friday from -8 to +12 cents. At the close the board was 8 to 9 cents higher with July at a net 3c gain for the week. Front month HRW futures ended the session 9 1/2 to 9 3/4 cents... (full story)

ZWN23: 619-0s (+8-2), ZWU23: 632-2s (+8-0), ZWPAES.CM: 5.6821 (+0.0881), KEN23: 812-2s (+9-6), KEPAWS.CM: 7.7344 (+0.0839), MWN23: 807-6s (+18-6)

Soymeal Missed Out on Friday Rally

Alan Brugler - Barchart - Fri Jun 02, 9:50PM UTC

Most ag markets saw strength into the weekend, though meal futures were down $1.70 to $3.60 for the settle. July soymeal was down a net $4.40 for the week. Soybean prices ended the session with double digit gains of as much as 23 cents. July was a net 15 1/4... (full story)

ZSN23: 1352-4s (+23-0), ZSPAUS.CM: 13.2261 (+0.2066), ZSQ23: 1262-4s (+18-4), ZSU23: 1192-4s (+15-2)

Double Digit Friday Gains in Corn

Alan Brugler - Barchart - Fri Jun 02, 9:50PM UTC

After a highly contested week the corn market finished in the black. Aided by double digit gains on Friday, July was up a nickel for the week and Dec up by 6 3/4 cents from Friday to Friday. USDA cited the weekly cash ethanol price near $2.38/gal with regional variance.... (full story)

ZCN23: 609-0s (+16-4), ZCPAUS.CM: 6.3942 (+0.1503), ZCU23: 535-4s (+11-2), ZCZ23: 541-2s (+11-2)

Shipping Point Fruit Report - Yakima, WA

USDA - Fri Jun 02, 9:48PM UTC

YAKIMA Shipping Point Prices as of 02-JUN-2023 Provided by: Specialty Crops Market News Federal - State Market News Service, USDA. Phone: (602) 557-0410 Fax: (602) Any questions or comments can be sent via email to:... (full story)

Livestock Report

Ben DiCostanzo - Walsh Trading - Fri Jun 02, 9:42PM UTC

Cattle and Hogs rock (full story)

What Makes a Good Farm Manager?

AgFax - AgFax - Fri Jun 02, 9:42PM UTC

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Intl Wholesale Market Vegetable Report - Rotterdam, The Netherlands

USDA - Fri Jun 02, 9:35PM UTC

ROTTERDAM Terminal Prices as of 26-MAY-2023 Provided by: Specialty Crops Market News Federal - State Market News Service,... (full story)

Intl Wholesale Market Fruit Report - Rotterdam, The Netherlands

USDA - Fri Jun 02, 9:35PM UTC

ROTTERDAM Terminal Prices as of 26-MAY-2023 Provided by: Specialty Crops Market News Federal - State Market News Service,... (full story)

Intl Wholesale Market Onion & Potato Report - Rotterdam, The Netherlands

USDA - Fri Jun 02, 9:35PM UTC

ROTTERDAM Terminal Prices as of 02-JUN-2023 Provided by: Specialty Crops Market News Federal - State Market News Service,... (full story)

The high price of food

Brownfield Ag News - Brownfield Ag News - Fri Jun 02, 9:34PM UTC

The rise in food prices has slowed, but consumers are still paying more for groceries and at restaurants. David Ortega is a food economist at Michigan State University. AUDIO: Healthy Living on food prices ... (full story)

Reviewing the Debt Limit Deal

AgFax - AgFax - Fri Jun 02, 9:26PM UTC

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AgriCapture Receives First Carbon Credits In Texas History For Grasslands Conservation

AgFax - AgFax - Fri Jun 02, 9:26PM UTC

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Livestock markets were on FIRE this week! Here's how things shook out at today's close.

Oliver Sloup - Blue Line Futures - Fri Jun 02, 9:25PM UTC

The sharp rally in cattle came on the back of a strong cash cattle trade yesterday, with reports of packers paying $4-$7 over last week’s prices. June options expired at the close today, which means first notice day and delivery start next week. (full story)

Grain markets had an impressive rally to round out the week, here's how things shook out at the close.

Oliver Sloup - Blue Line Futures - Fri Jun 02, 9:24PM UTC

Some of today’s strength may have come on the back of weather premium working its way back into the market ahead of the weekend. Many top producing states have been hot and try and some forecasts show those conditions sticking around. (full story)

Western Fruit Report Table Grape Supplement

USDA - Fri Jun 02, 9:23PM UTC

Click to view report fvdgrape.pdf in PDF format (full story)

Cattle Markets Spike Higher in Post-Holiday Joyride

Greg Henderson - AgWeb - Fri Jun 02, 9:14PM UTC

Cash fed cattle markets jumped higher in all regions in the holiday-shortened trading week. Cattle in the North traded at $185 to $188 per cwt. live, $3 to $5 higher, and $290 to $292 dressed, $5 to $6 higher. Cattle trade in the South was called... (full story)

FCQ23: 241.900s (+0.250), GFQ23: 241.900s (+0.250), LCQ23: 172.900s (+0.525), LEQ23: 172.900s (+0.525)

Tesla Stock ( $TSLA ) Buying The Dips At The Blue Box Area

Elliott Wave Forecast - Elliott Wave Forecast - Fri Jun 02, 9:14PM UTC

Hello fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of Tesla Stock ( $TSLA ) . As our members know, the stock is trading within the cycle from the April 27th low. We have been calling for the rally in the stock after 3 waves pull back. (full story)

TSLA: 213.97 (+6.45)

Weekly National Sheep Summary

USDA - Fri Jun 02, 9:13PM UTC

SA_LS855 San Angelo, TX Fri Jun 02, 2023 USDA Market News National Sheep Summary for Week Ending Friday, June 02, 2023 Weekly Trends: Compared to last week slaughter lambs mostly steady to 10.00 higher. Slaughter ewes mostly steady to 10.00 higher. Feeder lambs not well... (full story)

USDA Invites Input On Crop Insurance Coverage For Prevented Planting

AgFax - AgFax - Fri Jun 02, 9:10PM UTC

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National Weekly Cow and Boneless Beef Summary

USDA - Fri Jun 02, 9:05PM UTC

Click to view report lswcbbs.pdf in PDF format (full story)

Identify pest issues by listening to plants

Brownfield Ag News - Brownfield Ag News - Fri Jun 02, 9:02PM UTC

Entomologist Dr. Emily Bick Photo: University of Wisconsin Emily Bick develops tools and strategies supporting precision management practices for insect pest control. She tells Brownfield microphones have long been used to study insects. “Oftentimes, these are above-ground kind of audio recordings. What my lab has developed this past year, in... (full story)

Cattle, hog futures higher to end the week

Brownfield Ag News - Brownfield Ag News - Fri Jun 02, 9:02PM UTC

At the Chicago Mercantile Exchange, live and feeder cattle ended the day higher supported by the sharply higher direct business during the week. June lives closed $1.52 higher at $176.42 and August live cattle closed $.52 higher at $172.90. August feeder cattle closed $.25 higher at $241.90 and September feeders... (full story)

Changing natural gas market reopens EU fertilizer plants

Brownfield Ag News - Brownfield Ag News - Fri Jun 02, 9:02PM UTC

An economist says increased European natural gas inventories have lowered prices, allowing some fertilizer producers to restart production. Teri Viswanath with CoBank tells Brownfield the gas scarcity measures that caused plants to shut down are no longer in place after a mild winter and rebuilding of inventories. “Yes, we are... (full story)