9 Oct 2024
DTN Early Word Livestock Comments 10/09 06:14 Cattle Futures May Have Higher Cash Factored In Livestock futures extended gains Tuesday with cattle and hogs setting new highs for the move. Traders continue to support the markets as fundamentals are positive and the trend is up. Robin Schmahl DTN Contributing Analyst Cattle: Higher Futures: Mixed Liv...
9 Oct 2024
DTN Early Word Grains 10/09 05:47 Grain Markets Higher Wednesday Morning on Technical Support, Good Demand Ahead of the USDA Report to be Released on Friday December corn is up 2 cents per bushel, November soybeans are up 5 1/2 cents, December KC wheat is up 9 1/2 cents, December Chicago wheat is up 8 3/4 cents and December Minneapolis wheat is up ...
8 Oct 2024
DTN Closing Livestock Comment 10/08 16:09 Traders Continue to Push Livestock Contracts Higher Still no cash cattle trade has developed, but asking prices are now noted in the South at $188. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was another tremendous day for the livestock complex as all three markets closed higher and spot Novem...
8 Oct 2024
DTN Chart Technical Points 10/08 16:30 DTN FUTURES 10 10/08/24 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 594.75 595.13 593.67 586.19 568.58 55.79 56.19 53.12 35 49 67 75 CBTWT MAR 618.25 618.50 615.50 606.63 588.60 57.65 57.69 54.00 40 53 70 ...
8 Oct 2024
By DTN Staff OMAHA (DTN) -- Dry conditions continue to hamper pastures in the Midwest and High Plains regions, according to the USDA National Agricultural Statistics Service report for the week ending Oct. 7. While eastern states have seen some relief from dry conditions because of the hurricane rains, they have also dealt with destruction from hig...
8 Oct 2024
USDA is set to release its October Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports at 11 a.m. CDT on Friday, Oct. 11. USDA's corn and soybean production estimates have a history of turning more accurate in October, but on the other side of the coin, harvest is well underway, prices are already anticipating new sup...
8 Oct 2024
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, October 8 Exchange rate was 1.363 up 0.0029 Chicago soybeans closed moderately lower. NOV24 HI 10.39 1/2 NOV25 HI 10.87 LOW 10.11 1/2 LOW 10.61 3/4 CLOSE10.16 1/4 Down 17 3/4 CLOSE 10.65 3/4 Down 15 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +NOV24+...
8 Oct 2024
FARM MARKET NEWS - CORN REPORT FOR Tue, October 8 Exchange rate was 1.363 up 0.0029 Chicago corn closed slightly to moderately lower. DEC24 HI 4.28 DEC25 HI 4.56 1/2 LOW 4.19 1/4 LOW 4.52 1/4 CLOSE4.20 3/4 Down 5 1/4 CLOSE 4.54 Down 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+M...
8 Oct 2024
DTN Closing Grain Comments 10/08 14:17 Energy Correction, Brazil Rains Weigh on Grain Markets Corn, soybeans, and wheat all finished lower Tuesday as weakness in the energy market spilled over into the ag markets. Better precipitation prospects in South America as well as steady U.S. harvest pace also pressured markets. Rhett Montgomery DTN Lead An...
8 Oct 2024
DTN Midday Livestock Comments 10/08 11:40 November Feeders Trading Above 100-Day Moving Average With trades seeming committed to supporting the livestock complex, once again all three of the markets are trading higher into the day's afternoon. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Thus far it's been another prosperous day for the l...