3 Dec 2024
USDA Daily Market Rates 12/03 DAILY MARKET RATES(GRAIN/MISCELLANEOUS COMMODITIES) Effective: December 03, 2024 The following Market Rates are established to aid in the development of the Posted County Prices (PCPs) which are used by county Farm Services Agency (FSA) Offices for loan redemption purposes. Uses of these rates for other purposes may no...
3 Dec 2024
DTN Early Word Livestock Comments 12/03 06:19 Cattle Futures May See Further Liquidation Tuesday Traders decided to liquidate some of their long positions in feeder cattle after the steep increase, resulting in triple-digit losses Monday. Packers may not be as aggressive this week because cattle were purchased ahead. Friday's break in hog futures w...
3 Dec 2024
DTN Early Word Grains 12/03 05:44 Grain Markets Higher With Wheat Rebounding From Oversold Conditions March corn is up 1 1/2 cents per bushel, January soybeans are up 5 1/2 cents, March KC wheat is up 6 cents, March Chicago wheat is up 5 cents and March Minneapolis wheat is up 6 3/4 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX ...
2 Dec 2024
DTN Chart Technical Points 12/02 16:30 DTN FUTURES 10 12/02/24 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 537.50 536.75 542.00 548.22 569.33 39.11 39.25 41.52 28 28 16 24 CBTWT MAR 547.25 550.44 559.08 565.07 588.64 29.05 32.85 38.60 12 14 12 ...
2 Dec 2024
DTN Closing Livestock Comment 12/02 15:56 Hogs Push Higher While Cattle Regressed through Monday's Close The feeder cattle complex was the driver of last week's rally, but shortly after Monday's opening bell traders let the market drift lower which also pressured the live cattle contracts to close lower as well. ShayLe Stewart DTN Livestock Analyst...
2 Dec 2024
FARM MARKET NEWS - CORN REPORT FOR Mon, December 2 Exchange rate was 1.404 up 0.0052 Chicago corn closed narrowly mixed. MAR25 HI 4.35 DEC25 HI 4.33 LOW 4.29 3/4 LOW 4.29 1/2 CLOSE4.32 1/2 Down 1/2 CLOSE 4.31 3/4 Up 1/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt ELEVATORS +MAR25+MAR25+MAY25 CK Low 1...
2 Dec 2024
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, December 2 Exchange rate was 1.404 up 0.0052 Chicago soybeans closed slightly lower. JAN25 HI 9.90 1/2 NOV25 HI 10.10 3/4 LOW 9.77 1/2 LOW 9.98 3/4 CLOSE9.85 1/4 Down 4 1/4 CLOSE 10.05 1/2 Down 5 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +JAN25...
2 Dec 2024
DTN Closing Grain Comments 12/02 14:09 Grain Markets Open December With Choppy Price Action As some volume returned to the market following the Thanksgiving break, trade decisiveness remains largely mixed as ag markets continue to chop within their respective established ranges and at or near technical pivot points. Outside markets leaned slightly ...
2 Dec 2024
LINCOLN, Neb. (DTN) -- CHS Inc.'s purchase of West Central Ag Services will be closing in the coming weeks after over 70% of West Central members approved the sale of their cooperative based in Ulen, Minnesota. West Central's members approved the sale on Nov. 26, 2024, according to a letter to membership from the cooperative's chairman, Duane Brend...
2 Dec 2024
DTN Midday Livestock Comments 12/02 11:48 Monday Morning Spurs Reversal in Feeder Cattle Market Both the live cattle and feeder cattle markets are trading lower after traders grow sheepish of the market's resistance. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Both the live cattle and feeder cattle contracts are trading lower as there ap...