7 Feb 2024
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, February 7 Exchange rate was 1.3461 down 0.0021 Chicago soybeans closed slightly lower. MAR24 HI 12.02 NOV24 HI 11.79 3/4 LOW 11.79 1/4 LOW 11.62 CLOSE11.89 Down 10 1/2 CLOSE 11.70 3/4 Down 6 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +MAR24+MAY...
7 Feb 2024
DTN Closing Grain Comments 02/07 13:53 Row Crop Prices Succumb to Lower Closes; Wheats Hold Mixed to Firm March corn fell 4 1/2 cents to a new low close in 2024, while March soybeans fell 10 1/2 cents to $11.89, near its lowest close in eight months. Wednesday's selling was likely prompted by the return of rain to South America plus the anticipatio...
7 Feb 2024
MT. JULIET, Tenn. (DTN) -- USDA's broad measure of profits -- net farm income -- is forecast to drop 25.5% from 2023. That's nearly 41% lower than 2022's record when adjusted for inflation. USDA forecast net farm income to be $116.1 billion. That's 1.7% lower than the 20-year average. Net cash farm income is expected to fall significantly below the...
7 Feb 2024
DTN Midday Livestock Comments 02/07 11:41 Cash Cattle Bids Begin to Surface The live cattle market is trading lower as traders patiently wait to see what this week's cash cattle trade amounts to. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Lean hog and feeder cattle contracts are seeing mild support while the live cattle complex hangs ba...
7 Feb 2024
DTN Midday Grain Comments 02/07 10:50 Corn, Beans Trade Lower, Wheat Mixed at Midday Wednesday Corn trade is 4-5 cents lower. Beans are 14-16 cents lower and wheat trade is 2 cents lower to 2 cents higher. David M. Fiala DTN Contributing Analyst MARKET SUMMARY: The U.S. stock market is firmer at midday Wednesday with the S&P 30 points higher. The d...