Entries for November 2023
RECENT NEWS
9 Nov 2023
FARM MARKET NEWS - CORN REPORT FOR Thu, November 9 Exchange rate was 1.3806 up 0.0014 Chicago corn closed slightly to moderately lower. DEC23 HI 4.76 DEC24 HI 5.14 1/2 LOW 4.66 1/2 LOW 5.06 3/4 CLOSE4.68 Down 8 CLOSE 5.09 1/4 Down 5 1/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt ELEVATORS +MAR24+MAR...
9 Nov 2023
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, November 9 Exchange rate was 1.3806 up 0.0014 Chicago soybeans closed slightly to moderately lower. JAN24 HI 13.73 NOV24 HI 13.01 LOW 13.36 LOW 12.74 3/4 CLOSE13.43 1/2 Down 22 1/4 CLOSE 12.82 3/4 Down 10 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATO...
9 Nov 2023
The USDA World Agricultural Supply and Demand Estimate (WASDE) for November featured few major surprises. However, the lower-than-expected ending stocks, along with the lower yield and production, sent the oversold soy market sharply higher. Corn and wheat were mostly neutral to friendly but managed to rally in sympathy with soy. CORN Ahead of the ...
9 Nov 2023
LINCOLN, Neb. (DTN) -- Bayer CEO Bill Anderson held nothing back during a quarterly earnings call Wednesday: A complete company restructuring is on the way. "It goes without saying that despite some of the great things you've heard about, we're not happy with this year's performance," Anderson said during the presentation. "Nearly 50 billion euros ...
9 Nov 2023
DTN Closing Grain Comments 11/09 14:06 US Crop Prices Lower After USDA Estimates Record Corn Crop December corn fell 8 cents to $4.68 Thursday after USDA estimated a record high 15.234 bb corn crop in 2023, a bit of a bearish surprise. January soybeans closed down 22 1/4 cents after a small increase in USDA's ending stocks estimate and in spite of ...