6 Nov 2024
USDA Daily Market Rates 11/06 DAILY MARKET RATES(GRAIN/MISCELLANEOUS COMMODITIES) Effective: November 06, 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...
6 Nov 2024
DTN Early Word Livestock Comments 11/06 06:14 Hog Futures May See Further Liquidation Wednesday Cattle futures closed mixed Tuesday while hog futures closed lower with substantial pressure on the nearby months as traders unwound bull spreads. There is uncertainty over the cash cattle trade this week. Robin Schmahl DTN Contributing Analyst Cattle: L...
6 Nov 2024
DTN Early Word Grains 11/06 05:49 Grain Markets Lower on Election Results, Higher Dollar, and Worries About Future Chinese Demand December corn is down 1 1/4 cents per bushel, January soybeans are down 17 3/4 cents, December KC wheat is down 8 1/2 cents, December Chicago wheat is down 6 3/4 cents and December Minneapolis wheat is down 7 cents. Kent...
6 Nov 2024
OMAHA (DTN) -- With an early morning message to the country, Donald J. Trump marked one of the most significant political comebacks in U.S. history on Wednesday as he promised to "restore America to greatness" as the country's 47th president. "America has given us an unprecedented and powerful mandate," Trump said in his remarks. Confidence in a Tr...
5 Nov 2024
DTN Chart Technical Points 11/05 16:30 DTN FUTURES 10 11/05/24 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 572.50 569.94 570.31 576.14 581.06 47.21 47.23 48.44 48 47 23 19 CBTWT MAR 591.00 589.13 590.00 596.32 601.35 45.29 45.99 47.90 44 45 20 ...
5 Nov 2024
DTN Closing Livestock Comment 11/05 15:24 Cattle Close Mostly Higher While Hogs Dipped Lower Through Tuesday's End Bright and early Wednesday morning the market will be able to react to who is announced to be the 47th President of the United States. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: As the entire U.S., and arguably the rest of ...
5 Nov 2024
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, November 5 Exchange rate was 1.3824 down 0.0050 Chicago soybeans closed slightly higher. JAN25 HI 10.06 1/4 NOV25 HI 10.40 1/4 LOW 9.96 1/4 LOW 10.33 CLOSE10.01 3/4 Up 4 1/2 CLOSE 10.35 3/4 Up 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +JAN25+JA...
5 Nov 2024
FARM MARKET NEWS - CORN REPORT FOR Tue, November 5 Exchange rate was 1.3824 down 0.0050 Chicago corn closed slightly higher. DEC24 HI 4.19 3/4 DEC25 HI 4.42 1/2 LOW 4.15 1/4 LOW 4.39 CLOSE4.18 1/2 Up 2 CLOSE 4.42 1/4 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...
5 Nov 2024
DTN Closing Grain Comments 11/05 13:39 Grain Markets Cautiously Higher on Election Day Grain markets continued their modest gains into Tuesday, with soybeans leading the way higher. This week's break in the U.S. Dollar Index is giving strength to ag commodities. Overall trader sentiment appears to be biased toward a reduction in U.S. production est...
5 Nov 2024
OMAHA (DTN) -- USDA's rule requiring electronic identification (EID) eartags for cattle traveling across state lines went into effect Tuesday, Nov. 5. Meanwhile, the New Civil Liberties Alliance (NCLA) has filed a lawsuit on behalf of the Ranchers-Cattlemen Action Legal Fund United Stockgrowers of America (R-CALF USA), the South Dakota Stockgrowers...