10 Oct 2024
DTN Early Word Livestock Comments 10/10 06:23 Livestock Futures May Show Further Weakness Thursday Livestock futures corrected with lower prices across the board Wednesday. This weakness may have been a price correction rather than the market reaching a peak. This may correct the overbought market. Robin Schmahl DTN Contributing Analyst Cattle: Hig...
10 Oct 2024
DTN Early Word Grains 10/10 05:47 Wheat Leading Grain Markets Higher Thursday Morning December corn is up 2 1/4 cents per bushel, November soybeans are up 3/4 cent, December KC wheat is up 7 1/4 cents, December Chicago wheat is up 8 1/4 cents and December Minneapolis wheat is up 4 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NE...
9 Oct 2024
DTN Chart Technical Points 10/09 16:30 DTN FUTURES 10 10/09/24 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 599.00 594.00 595.31 586.43 569.30 58.55 57.95 54.03 38 40 60 71 CBTWT MAR 622.25 617.44 617.50 607.18 589.38 60.18 59.33 54.86 42 44 65 ...
9 Oct 2024
DTN Closing Livestock Comment 10/09 15:36 Traders Ease Their Support of Livestock Contracts Heading into Thursday's market be on the lookout for export data and any developments in the cash cattle market. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a disappointing day for the livestock complex as traders weren't as aggressive in t...
9 Oct 2024
OMAHA (DTN) -- Less than two years after being awarded $45.6 million in USDA loans and grants, a northern Iowa chicken processing plant has shut down with state departments of agriculture in Iowa and Minnesota now working with farmers to feed or euthanize 1.6 million broiler chickens. As many as 50 poultry farmers across at least three states also ...
9 Oct 2024
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, October 9 Exchange rate was 1.3676 up 0.0046 Chicago soybeans closed slightly higher. NOV24 HI 10.27 1/4 NOV25 HI 10.76 LOW 10.11 1/2 LOW 10.62 1/2 CLOSE10.20 1/4 Up 4 CLOSE 10.69 Up 3 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +NOV24+JAN25+JAN2...
9 Oct 2024
FARM MARKET NEWS - CORN REPORT FOR Wed, October 9 Exchange rate was 1.3676 up 0.0046 Chicago corn closed narrowly mixed. DEC24 HI 4.23 1/2 DEC25 HI 4.56 LOW 4.20 LOW 4.52 3/4 CLOSE4.21 Up 1/4 CLOSE 4.53 1/2 Down 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 Low 1.00 ...
9 Oct 2024
DTN Closing Grain Comments 10/09 13:53 Quiet Session For Grains as Market Awaits Friday's USDA Estimates Nearby corn, soybeans, and wheat contracts all made marginal gains Wednesday in what was overall a quiet session. The improved outlook of better South American weather seems to have been at least momentarily priced into the market as corn and so...
9 Oct 2024
DTN Midday Livestock Comments 10/09 11:30 Traders Hit the Pause Button on Livestock Complex's Rally The cash cattle market is still silent with no bids having been offered yet. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The livestock complex has stalled its upward trend as traders need a little more fundamental support than what they've...
9 Oct 2024
DTN Midday Grain Comments 10/09 10:47 Soybean Futures Higher at Midday; Corn Flat-Higher; Wheat Mixed Corn futures are flat to a penny higher at midday Wednesday; soybean futures are 4 to 5 cents higher; wheat futures are narrowly mixed. David M. Fiala DTN Contributing Analyst MARKET SUMMARY: Corn futures are flat to a penny higher at midday Wednes...