2 Oct 2024
DTN Chart Technical Points 10/02 16:30 DTN FUTURES 10 10/02/24 SLOW STOCHASTIC PRICES ARE DECIMAL MOVING AVERAGES RSI'S 5 Day 20 Day CONTRACT CLOSE 4-Day 9-Day 18-Day 45-Day 9Day 14Day 30Day %K %D %K %D CBTWT DEC 615.25 594.56 586.75 581.75 565.33 73.74 68.07 58.17 80 63 80 77 CBTWT MAR 637.25 615.31 606.64 601.22 585.17 75.53 69.51 58.99 83 66 82 ...
2 Oct 2024
DTN Closing Livestock Comment 10/02 15:55 Traders Run Livestock Contracts Sharply Higher Asking prices have been noted in the South at $187, but are still unestablished in the North. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The livestock complex was aggressively supported by traders throughout the day as traders rushed into the commod...
2 Oct 2024
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, October 2 Exchange rate was 1.3476 up 0.0006 Chicago soybeans closed narrowly mixed. NOV24 HI 10.63 3/4 NOV25 HI 11.01 1/2 LOW 10.42 1/2 LOW 10.85 CLOSE10.56 Down 1 1/4 CLOSE 10.96 1/4 Up 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +NOV24+JAN25+J...
2 Oct 2024
FARM MARKET NEWS - CORN REPORT FOR Wed, October 2 Exchange rate was 1.3476 up 0.0006 Chicago corn closed slightly higher. DEC24 HI 4.34 1/4 DEC24 HI 4.34 1/4 LOW 4.28 1/2 LOW 4.28 1/2 CLOSE4.32 1/2 Up 3 1/2 CLOSE 4.32 1/2 Up 3 1/2 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt ELEVATORS +DEC24+MAR25+MAR...
2 Oct 2024
DTN Closing Grain Comments 10/02 13:46 Wheat Markets Explode With All Rising Above The 100-day Moving Average; Corn Firms As Well Paris milling wheat futures set the stage for a dynamic wheat rally, gapping higher and extending those gains. U.S. wheat markets followed, led by Kansas City futures with all three of the markets eclipsing their 100-day...
2 Oct 2024
DTN Midday Livestock Comments 10/02 11:46 Traders Push the Livestock Contracts Higher As the market charges into the day's afternoon, even though traders are eager and motivated currently to support the livestock contracts, they'll still closely look to see how both pork cutout values and boxed beef prices end the day. ShayLe Stewart DTN Livestock ...
2 Oct 2024
WASHINGTON, Oct. 2, 2024 – The U.S. Department of Agriculture (USDA) today announced up to $7.7 billion in assistance for fiscal year 2025 to help agricultural and forestry producers adopt conservation practices on working lands. This includes up to $5.7 billion for climate-smart practices, made possible by the Inflation Reduction Act, which is par...
2 Oct 2024
LINCOLN, Neb. (DTN) -- With the 2024 presidential election around the corner, Vice President Kamala Harris and former President Donald Trump recently gave a snapshot of where they stand on the issues that affect agriculture and rural Americans. In particular, the American Farm Bureau Federation posted to its website a list of questions posed to and...
2 Oct 2024
DTN Midday Grain Comments 10/02 10:50 Corn, Wheat Futures Higher at Midday; Soybeans Lower Corn futures are 4 to 5 cents higher at midday Wednesday; soybean futures are 5 to 6 cents lower; wheat futures are 16 to 23 cents higher. David M. Fiala DTN Contributing Analyst MARKET SUMMARY: Corn futures are 4 to 5 cents higher at midday Wednesday; soybea...
2 Oct 2024
OMAHA (DTN) -- With a port strike affecting roughly $1.4 billion in agricultural exports weekly, some groups and farm leaders are calling on President Joe Biden and his administration to step in more aggressively to end the strike that has halted supply chains along the East Coast and Gulf of Mexico ports. The International Longshoremen's Associati...