Entries for November 2023
RECENT NEWS
7 Nov 2023
DTN Closing Livestock Comment 11/07 15:52 Bearish Tone Continues in Cattle Futures Active triple-digit losses in all cattle futures developed Tuesday afternoon following the inability to sustain recent support levels. This led to active trader liquidation Tuesday afternoon. Rick Kment DTN Analyst GENERAL COMMENTS: Aggressive losses developed in liv...
7 Nov 2023
FARM MARKET NEWS - CORN REPORT FOR Tue, November 7 Exchange rate was 1.3748 up 0.0069 Chicago corn closed slightly to moderately lower. DEC23 HI 4.77 1/2 DEC24 HI 5.16 3/4 LOW 4.68 LOW 5.09 1/4 CLOSE4.68 1/2 Down 8 3/4 CLOSE 5.10 Down 7 1/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt ELEVATORS +MAR24...
7 Nov 2023
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, November 7 Exchange rate was 1.3748 up 0.0069 Chicago soybeans closed slightly lower. JAN24 HI 13.80 NOV24 HI 13.06 1/4 LOW 13.56 3/4 LOW 12.90 1/4 CLOSE13.62 Down 2 CLOSE 12.94 3/4 Down 9 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +JAN24+JAN24+...
7 Nov 2023
DTN Closing Grain Comments 11/07 14:01 Soybean Meal Posts Rare Gain on Risk-Off Tuesday December soybean meal closed up $9.90 at a new high close Tuesday and helped January soybeans end just 2 cents lower on a day of risk-off selling. Most other commodities fell lower, including crude oil after China reported a lower-than-expected export business f...
7 Nov 2023
DTN Midday Livestock Comments 11/07 11:49 Continued Selling Develops Across Cattle Futures Early week pressure continued in all cattle contracts Tuesday morning. The weakness seen during the week is starting to create concerns that recent gains are unable to maintain support price levels, leading to additional market volatility. Hog markets on the ...