Entries for March 2023
RECENT NEWS
31 Mar 2023
DTN Closing Livestock Comment 03/31 16:10 Bullish Cash Trade Sends Live Cattle to New High Futures prices of live cattle and feeder cattle ended higher Friday, supported by this week's reports of higher cash cattle trade. Even June lean hogs were roughly steady after USDA's mostly neutral inventory report on Thursday afternoon. Todd Hultman DTN Lea...
31 Mar 2023
DTN Chart Technical Points 03/31 16:30 DTN FUTURES 10 3/31/23 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 MAY 692.25 697.25 687.14 689.47 727.33 47.53 45.23 43.16 53 67 62 46 CBTWT JUL 704.50 709.19 698.61 700.21 734.68 48.60 46.12 43.77 54 68 65 4...
31 Mar 2023
FARM MARKET NEWS - CORN REPORT FOR Fri, March 31 Exchange rate was 1.3516 up 0.0009 Chicago corn closed mixed. MAY23 HI 6.64 1/2 DEC23 HI 5.74 1/2 LOW 6.47 1/4 LOW 5.58 1/4 CLOSE6.60 1/2 Up 11 CLOSE 5.66 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 +JUL23+JUL23+JUL23 CK Low 1.25...
31 Mar 2023
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, March 31 Exchange rate was 1.3516 up 0.0009 Chicago soybeans closed slightly to moderately higher. JUL23 HI 14.83 NOV23 HI 13.34 1/2 LOW 14.40 1/4 LOW 12.98 CLOSE14.75 1/2 Up 28 1/2 CLOSE 13.19 3/4 Up 16 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATOR...
31 Mar 2023
DTN Closing Grain Comments 03/31 13:44 Soybeans Soar on Lower Stocks, Acreage Than Traders Expected The soybean market got a double bullish whammy of lower-than-expected March 1 stocks and acreage on the March USDA prospective planting and stocks report. The report was bearish for new-crop corn, with acreage pegged at 1.2 million higher than the av...