17 Oct 2024
DTN Early Word Livestock Comments 10/17 06:20 Hog Futures Poised To Retest Highs Thursday It was not unexpected that cattle futures struggled Wednesday as further liquidation needed to be done to correct the overbought market. Traders were also concerned over cash potential. Hog futures did an about-face, eliminating the losses of the previous two ...
17 Oct 2024
DTN Early Word Grains 10/17 05:48 Grain Markets Lower on Poor Technical Outlook, Brazilian Rainfall, Harvest Pressure December corn is down 2 1/4 cents per bushel, November soybeans are down 8 1/4 cents, December KC wheat is down 2 3/4 cents, December Chicago wheat is down 3 3/4 cents and December Minneapolis wheat is up 1 3/4 cents. Kent Beadle, D...
16 Oct 2024
DTN Chart Technical Points 10/16 16:30 DTN FUTURES 10 10/16/24 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 585.00 587.19 592.06 591.35 572.67 46.64 49.82 50.71 12 25 49 57 CBTWT MAR 605.25 608.75 614.58 612.78 593.04 45.49 49.33 50.67 11 24 51 ...
16 Oct 2024
DTN Closing Livestock Comment 10/16 15:55 Cattle Close Mostly Lower; Hogs Rally Through Wednesday's Close Heading into Thursday's market, packer interest should improve throughout the cash cattle complex. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Both the live cattle and feeder cattle contracts remained mostly lower throughout Wednesda...
16 Oct 2024
FARM MARKET NEWS - CORN REPORT FOR Wed, October 16 Exchange rate was 1.3738 down 0.0033 Chicago corn closed slightly higher. DEC24 HI 4.06 3/4 DEC25 HI 4.40 LOW 4.01 LOW 4.36 1/4 CLOSE4.04 3/4 Up 3 1/2 CLOSE 4.38 1/2 Up 1 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+MAR25 CK...
16 Oct 2024
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, October 16 Exchange rate was 1.3738 down 0.0033 Chicago soybeans closed slightly lower. NOV24 HI 10.01 1/2 NOV25 HI 10.41 3/4 LOW 9.78 1/4 LOW 10.27 1/2 CLOSE9.80 Down 11 CLOSE 10.29 1/4 Down 6 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +NOV24+J...
16 Oct 2024
DTN Closing Grain Comments 10/16 13:46 Grain Mixed as Market Attempts to Catch Itself Grain markets had mixed results Wednesday as it appears the short-term oversold conditions of the market had traders covering some of their shorts. Overall, it was a quiet midweek session and there remains little in the way of bullish fundamental news to prop up p...
16 Oct 2024
By Chris Clayton, DTN Ag Policy Editor, and Jerry Hagstrom, DTN Correspondent This article was originally posted at 1:21 p.m. CDT on Wednesday, Oct. 16. It was updated with additional information at 4 p.m. CDT on Wednesday, Oct. 16. ** OMAHA (DTN) -- The Harris-Walz campaign is making a bigger push to chip away at former President Donald Trump's su...
16 Oct 2024
DTN Midday Livestock Comments 10/16 11:54 Lackadaisical Tones Leave Livestock Complex Mixed at Wednesday's Noon Hour No cash cattle trade has developed at this point Wednesday, but packer interest could improve throughout the day. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Thus far it's been a mixed day for the livestock complex as trad...
16 Oct 2024
DTN Midday Grain Comments 10/16 10:55 Corn, Wheat Futures are Higher at Midday; Soybeans Lower Corn futures are 3 to 4 cents higher at midday Wednesday; soybean futures are 1 to 2 cents lower; wheat futures are 5 to 6 cents higher. David M. Fiala DTN Contributing Analyst MARKET SUMMARY: Corn futures are 3 to 4 cents higher at midday Wednesday; soyb...