Entries for February 2023
RECENT NEWS
28 Feb 2023
DTN Chart Technical Points 02/28 16:30 DTN FUTURES 10 2/28/23 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 MAR 691.50 708.50 735.64 751.36 752.02 20.85 28.73 38.21 6 7 5 26 CBTWT MAY 705.50 721.94 748.14 762.94 761.43 20.12 28.47 38.24 5 6 5 28 KC W...
28 Feb 2023
DTN Closing Livestock Comment 02/28 15:42 Cheap Corn Prices Continues to Drive Cattle Higher Tuesday presented another mixed bag for the livestock complex. The cattle contracts rallied as the nearby corn contracts closed $0.11 to $0.13 lower, but the lean hog market continues to yearn for demand. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENT...
28 Feb 2023
FARM MARKET NEWS - CORN REPORT FOR Tue, February 28 Exchange rate was 1.3624 up 0.0048 Chicago corn closed slightly to moderately lower. MAY23 HI 6.46 3/4 DEC23 HI 5.77 LOW 6.30 LOW 5.68 3/4 CLOSE6.30 1/4 Down 13 1/4 CLOSE 5.69 3/4 Down 6 1/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt ELEVATORS +MAY...
28 Feb 2023
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, February 28 Exchange rate was 1.3624 up 0.0048 Chicago soybeans closed moderately lower to lower. MAY23 HI 15.13 1/4 NOV23 HI 13.73 LOW 14.77 3/4 LOW 13.45 CLOSE14.79 Down 33 3/4 CLOSE 13.47 1/4 Down 24 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS...
28 Feb 2023
DTN Closing Grain Comments 02/28 13:39 Corn, Soybeans, Soymeal Hit the Skids as Funds Liquidate The reality of the current record soybean crop being harvested in Brazil could no longer be ignored. The known drought losses in Argentina seem to have become old news, and the market focus in the past few days seems to have switched to the prospect for ...