28 Aug 2024
DTN Early Word Grains 08/28 05:45 Grain Markets Lower on ECB Rainfall in the Northern Half of Illinois, Indiana December corn is down 2 cents per bushel, November soybeans are down 7 1/4 cents, December KC wheat is down 1/4 cent, December Chicago wheat is up 1 1/2 cents and December Minneapolis wheat is down 1 cent. Kent Beadle, DTN Contributing An...
27 Aug 2024
BOONE, Iowa (DTN) -- With cash corn and soybean prices 30% below a year ago, farm leaders Tuesday at the Farm Progress Show were frustrated that the farm bill is stalled and will likely remain that way until after the November election. "We've been fighting this battle for a while now, and we've got to get something done," said Jed Bower, a farmer ...
27 Aug 2024
DTN Closing Livestock Comment 08/27 16:21 Traders Continue to Push Livestock Contracts Higher Through Tuesday's End Heading into Wednesday's market, early asking prices could begin to surface in the cash cattle market although it's likely that trade will be delayed still until Thursday or Friday. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENT...
27 Aug 2024
DTN Chart Technical Points 08/27 16:30 DTN FUTURES 10 8/27/24 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 SEP 508.25 504.88 517.64 527.72 542.86 36.36 36.76 38.95 15 12 12 22 CBTWT DEC 535.50 531.00 542.17 551.58 566.81 37.91 37.49 39.03 17 14 13 2...
27 Aug 2024
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, August 27 Exchange rate was 1.3441 down 0.0027 Chicago soybeans closed slightly higher. NOV24 HI 9.91 1/2 NOV24 HI 9.91 1/2 LOW 9.77 1/4 LOW 9.77 1/4 CLOSE9.86 1/2 Up 5 3/4 CLOSE 9.86 1/2 Up 5 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +NOV24+NO...
27 Aug 2024
FARM MARKET NEWS - CORN REPORT FOR Tue, August 27 Exchange rate was 1.3441 down 0.0027 Chicago corn closed moderately higher. DEC24 HI 3.94 1/2 DEC24 HI 3.94 1/2 LOW 3.85 LOW 3.85 CLOSE3.92 3/4 Up 6 1/4 CLOSE 3.92 3/4 Up 6 1/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt ELEVATORS +DEC24+DEC24+DEC24 C...
27 Aug 2024
DTN Closing Grain Comments 08/27 13:44 Wheat, Corn Reverse From New Lows; Soybeans, Soymeal Firm December corn and December Chicago wheat again fell to match or set new lows before reversing to finish the day higher. Depending on the close Wednesday, this type of market action could signal more buying ahead. Corn had a bullish engulfing bar and a t...
27 Aug 2024
MT. JULIET, Tenn. (DTN) -- Smithfield Foods sold a former Premium Standard Farms sow farm in north-central Missouri's Sullivan County at auction earlier this month. The 1,371-acre farm with a mix of farmland, pasture and woodland sold in 10 tracts for $5.64 million, or $4,160 per acre. Missouri cropland values averaged $4,910 per acre and pasture v...
27 Aug 2024
DTN Midday Livestock Comments 08/27 11:50 Traders Continue to Push Livestock Complex Higher Tuesday Still no bids or asking prices noted in the cash cattle market Tuesday, as feedlot managers are hoping the board's support will stick around and prices may be able to trade steady this week. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The ...
27 Aug 2024
LINCOLN, Neb. (DTN) -- The state of Iowa will keep in place a one-quarter-cent-per-bushel indemnity fee on grain sales for at least one more year as it tries to rebuild the state's grain indemnity fund, the Iowa Department of Agriculture and Land Stewardship announced on Tuesday. Assuming no new claims are made against the fund, the state said it w...