Market News

07/21 05:53 - DTN Early Word Grains

DTN Early Word Grains 07/21 05:53 Markets Hit Rewind December corn was 5 cents lower, November soybeans were 7 cents lower, and September Minneapolis (HRS) wheat was 1 cent higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: CME Globex Recap: OUTSIDE MARKETS: …

07/21 11:13 - DTN Midday Grain Comments

DTN Midday Grain Comments 07/21 11:13 Corn and Soybeans Lower at Midday Corn and soybeans are lower and wheat is mixed with some rains in the corn belt. By David Fiala DTN Contributing Analyst General Comments The U.S. stock market indices are lower with the DOW futures down 65 points. The interest rate products are higher…

07/21 14:25 - DTN Closing Grain Comments

DTN Closing Grain Comments 07/21 14:25 Corn Prices Faint As Temperatures Soar As temperatures were rising in the western and southern Corn Belt Friday, December corn prices looked faint, falling 11 1/4 cents on the day while November soybeans pulled back 4 3/4 cents. Wheat prices also finished lower with September K.C. wheat back below $5.0…

07/21 15:35 - DTN Cattle Close/Trends

USDA MARKET NEWS--AFTERNOON CATTLE REPORT 07/21/17 VOLUME USDA TOTAL RANGE DTN PRACTICAL RANGE WT AVG KANSAS CONFIRMED CASH SALES - TODAY: 12,360 WEEK T0 DATE: 13,706 STEERS 4,793 120.00-120.00 120.00-120.00 120.00 HEIFERS 2,597 118.00-120.00 118.00-120.00 …

07/21 08:36 - DTN Early Word Opening Livestock

DTN Early Word Opening Livestock 07/21 08:36 Late-Week Meat Futures Geared for Mixed Opening Look for the cattle complex to open on a mixed basis as traders position ahead of cash news and USDA reports. Lean hog futures should also begin with uneven price action linked to both bull and bear spreading interest. By John Harrington DTN L…

07/21 11:49 - DTN Midday Livestock Comments

DTN Midday Livestock Comments 07/21 11:49 Firm Gains Develop in Cattle Futures in End of Week Positioning Moderate gains have redeveloped Friday morning in both live cattle and feeder cattle markets. This has allowed additional commercial buyer interest to step back into the complex late in the week, offsetting a portion of Thursda…

07/21 16:26 - DTN Closing Livestock Comment

DTN Closing Livestock Comment 07/21 16:26 Cattle Futures Closed Higher, Supported by Late Week Short-covering and Cash Stability At the conclusion of a choppy session, live and feeder cattle contracts settled moderately higher with feeders gaining on their live counterparts. Lean hog futures settled on a mixed basis with deferreds out preformi…

07/21 16:30 - DTN Chart Technical Points

DTN Chart Technical Points 07/21 16:30 DTN FUTURES 10 7/21/17 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 SEP 499.25 502.94 514.47 518.51 481.92 41.85 48.39 53.2…

- DTN Feeder Pig Index

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Quotes
 
@C - CORN - CBOT
  High Low Last Chg
Sep 391'0 378'4 380'0 -11'2
Dec 404'6 392'4 393'6 -11'2
Mar 415'4 403'2 404'6 -10'6
 
@S - SOYBEANS - CBOT
  High Low Last Chg
Aug 1013'2 1001'6 1008'4 -4'2
Sep 1018'2 1006'6 1013'6 -4'0
Nov 1027'2 1015'2 1021'6 -4'6
 
@W - WHEAT - CBOT
  High Low Last Chg
Sep 510'2 497'4 501'2 -6'4
Dec 533'4 520'2 524'2 -6'6
Mar 553'6 540'6 544'6 -6'4
 
@LE - LIVE CATTLE - CME
  High Low Last Chg
Aug 117.375 115.800 116.700 0.550
Oct 118.375 116.850 117.675 0.325
 
@HE - LEAN HOGS - CME
  High Low Last Chg
Aug 82.000 81.000 81.225
Oct 68.350 67.025 67.450 -0.625

 
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July 21, 2017 at 5:53am DTN Early Word Grains


DTN Early Word Grains         07/21 05:53
   Markets Hit Rewind

   December corn was 5 cents lower, November soybeans were 7 cents lower, and
September Minneapolis (HRS) wheat was 1 cent higher.

By Darin Newsom
DTN Senior Analyst

6:00 a.m. CME Globex:

CME Globex Recap:

OUTSIDE MARKETS:

DTN

July 21, 2017 at 11:13am DTN Midday Grain Comments


DTN Midday Grain Comments     07/21 11:13

   Corn and Soybeans Lower at Midday

   Corn and soybeans are lower and wheat is mixed with some rains in the corn 
belt.

By David Fiala
DTN Contributing Analyst

 General Comments

   The U.S. stock market indices are lower with the DOW futures down 65 points. 
The interest rate products are higher. The dollar index is 25 lower. Energies 
are mixed with crude down 0.80. Livestock trade is mostly higher. Precious 
metals are higher with gold up $5.80.

   CORN

   Corn trade is 6 to 8 cents lower at midday with profit taking as rains fall 
across parts of Iowa as we head towards the weekend. Heat and mixed rain 
coverage remain in the near-term forecast with the more extended forecast 
hinting at improvement. Corn is in the middle of pollination this week, so some 
heat stress is the concern with trade looking towards the conditions on Monday 
to assess the effects of this week. Ethanol production margins are mixed 
overnight with the crude rally fading along with the cheaper corn. Midday 
forecasts should provide direction into the weekend, with more action late 
depending on forecasts. On the December chart support is the $3.97 10-day 
moving average, with the 20-day at $3.93 below that, resistance will be the 
weekly high at $4.06.

   SOYBEANS

   Soybean trade is 6 to 10 cents lower midday with trade backing away from the 
weekly highs on the rains in the central belt overnight. Meal is $1 to $2 lower 
and oil is 20 to 30 lower. Futures added weather premium this week due to the 
heat and concerns over the important soybean weather over the next 6 weeks. 
China is expected to remain active in secure fall supplies on break as we head 
into August as well. On the November chart support is at the 10-day at $10.16, 
which we are about a nickel above overnight, with the recent high at $10.47 
above the market.

   WHEAT

   Wheat trade is narrowly mixed in quiet trade at midday, with the winter 
wheats trying build on the positive finish from Thursday, as trade has gotten 
pretty heavily oversold along with spread unwinding, while spring wheat has 
turned 7 to 10 lower. Spread trade remains soft for the winter wheat, and 
spring wheat continues to slowly add carry. Most world export business remains 
focused on the Black Sea area as harvest begins to progress there, with the 
dollar making new lows again this morning. Australia continues to see dryness, 
raising concerns for production in the coming months, but near-term supplies 
remain ample. On the December KC contract support is the 50-day at $5.09 with 
the 20-day at $5.44 resistance.

   David Fiala is a DTN contributing analyst and the President of FuturesOne 
and a registered Advisor.
He can be reached at dfiala@futuresone.com 
Follow him on Twitter @davidfiala


(BAS)

Copyright 2017 DTN/The Progressive Farmer. All rights reserved.

DTN

July 21, 2017 at 2:25pm DTN Closing Grain Comments


DTN Closing Grain Comments    07/21 14:25
   Corn Prices Faint As Temperatures Soar

   As temperatures were rising in the western and southern Corn Belt Friday,
December corn prices looked faint, falling 11 1/4 cents on the day while
November soybeans pulled back 4 3/4 cents. Wheat prices also finished lower
with September K.C. wheat back below $5.00 for the first time in over three
weeks.
DTN

July 21, 2017 at 3:35pm DTN Cattle Close/Trends






                 USDA MARKET NEWS--AFTERNOON CATTLE REPORT    07/21/17

          VOLUME    USDA TOTAL RANGE   DTN PRACTICAL RANGE  WT AVG
   
KANSAS    CONFIRMED CASH SALES - TODAY:  12,360   WEEK T0 DATE:  13,706
STEERS    4,793       120.00-120.00       120.00-120.00       120.00
HEIFERS   2,597       118.00-120.00       118.00-120.00       119.83

NEBRASKA  CONFIRMED CASH SALES - TODAY:  10,880   WEEK TO DATE:  23,927
STEERS    3,209       189.00-190.00       189.00-190.00       189.57
HEIFERS   1,927       189.00-190.00       189.00-190.00       189.55

TEXAS     CONFIRMED CASH SALES - TODAY:   3,690   WEEK TO DATE:   4,070
STEERS    1,219       120.00-120.00       120.00-120.00       120.00
HEIFERS   2,019       120.00-120.00       120.00-120.00       120.00

COLORADO  CONFIRMED CASH SALES - TODAY:   5,131    WEEK TO DATE:  9,928
STEERS    3,045       120.00-120.50       120.00-120.50       120.07
HEIFERS   2,008       119.00-120.50       119.00-120.50       120.11

IOWA      CONFIRMED CASH SALES - TODAY:   3,935    WEEK TO DATE: 13,310
STEERS    1,118       186.00-190.00       186.00-190.00       189.19
HEIFERS   484         188.00-190.00       188.00-190.00       189.30

COMMENTS:  A light to moderate trade developed over the noon hour with 
Southern live trade at mostly $120.00, generally steady with last week.
Northern dressed trade was at mostly $190.00, about steady with last week's 
weighted average.

5-AREA LV STR AVE PR&WT: $118.18(1418)  HIDE&OFFAL: $11.59 +0.07
CARCASS EQV INDEX   CHOICE (600-900#)   SELECT (600-900#)    #OF HD
  LIVE BASED           176.93              163.71              33,038
  BOX BASED            194.91              182.80              59,601
  AVE INDEX            185.92  -1.11       173.25  -1.14       92,639
BEEF CUTOUTS        CHOICE (600-900#)   SELECT (600-900#)
                       206.91  -0.74       194.80  -0.78
  78.08 LDS CH CUTS / 29.86 LDS SEL CUTS / 13.44 LDS TRIM / 22.47 LDS GROUND
BOXED BEEF TREND: Lr on lt-mod dem & hvy offers
COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 07/14 $211.81 -7.77
 CUTTER 90%  350# UP C/O: $181.40 -0.38
 NAT'L BONELESS BF TRIM:  29.78 lds / Not fully established
 90% TRIM:  06 lds: Wtd Avg $232.78 / Slightly higher
*ABCDE AFTER QUOTE REPRESENTS DAYS SINCE LAST REPORTED MARKET TEST*.
FI KILL(WTD) FRI 115(577) WK AGO 115(590) YR AGO 112(561) MIX: THU SH93/CB22
             SAT  45(622) WK AGO  39(629) YR AGO  36(597)
             *** REVISION ** THU 115(462) ** REVISION ***
                      WEEKLY CANADIAN CATTLE IMPORTS.
                         FEEDERS     SLAUGHTER S&H
Week Ending:  07/08/17    1,418        4,544
Week Ending:  07/01/17    1,372        8,372
Change from prev week:      +46       -3,828

DTN

July 21, 2017 at 8:36am DTN Early Word Opening Livestock


DTN Early Word Opening Livestock       07/21 08:36
   Late-Week Meat Futures Geared for Mixed Opening

   Look for the cattle complex to open on a mixed basis as traders position
ahead of cash news and USDA reports. Lean hog futures should also begin with
uneven price action linked to both bull and bear spreading interest.

By John Harrington
DTN Livestock Analyst



Cattle: Steady          Futures: mixed        Live Equiv $139.30 - 0.29*
Hogs:   Steady-$1 LR    Futures: mixed        Lean Equiv $109.51 - 0.67**

* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue

GENERAL COMMENTS:

   It's been quite a while since we've waled into Friday with so much of the
cash cattle trade undecided. Opening bids are likely to start out around $118
live and $188 dressed. Asking prices should be restated around $120-122 in the
South and $190-192 in the North. Light to moderate trade volume could be
delayed until later this afternoon.
DTN

July 21, 2017 at 11:49am DTN Midday Livestock Comments


DTN Midday Livestock Comments          07/21 11:49

   Firm Gains Develop in Cattle Futures in End of Week Positioning

   Moderate gains have redeveloped Friday morning in both live cattle and 
feeder cattle markets. This has allowed additional commercial buyer interest to 
step back into the complex late in the week, offsetting a portion of Thursday's 
losses. 

By Rick Kment
DTN Analyst

GENERAL COMMENTS: 

   Firm gains have developed in cattle trade Friday as traders are trying to 
counter the aggressive losses that swept through the complex Thursday 
afternoon. This may bring follow-through buyer activity within the next couple 
hours of trade in both live cattle and feeder cattle contracts. Corn prices are 
lower in light trade. September corn futures are 7 cents higher. Stock markets 
are lower in light trade. The Dow Jones is 53 points lower while Nasdaq is down 
5 points.

   LIVE CATTLE:

   Moderate buyer support has slowly moved into live cattle futures trade with 
the focus on increased buyer interest seen through the entire complex. Nearby 
futures are holding gains of 45 to 70 cents per cwt at midday, while lack of 
interest is seen in other nearby contracts with prices holding gains of 20 to 
40 cents per cwt. The overall lack of support in the complex Thursday led to 
aggressive pressure. But the ability to regain a portion of these losses at the 
end of the week could go a long way in adding stability to the cattle market 
next week and through the end of July. Cash cattle trade is undeveloped through 
the morning, as traders appear to be waiting for the cattle on feed report 
release Friday afternoon before stepping back into the market. Bids through the 
North are seen at $118 live and $188 dressed, which is currently $1 to $2 per 
cwt lower than last week. This could point toward steady money by the end of 
the week given the support in futures trade and unwillingness for feeders to 
budge at this point. Asking prices remain at $121 to $122 in the South and $190 
and higher in the North. Beef cut-outs at midday are lower, $0.99 lower 
(select) and down $0.74 per cwt (choice) with active movement of 90 total loads 
reported (56 loads of choice cuts, 14 loads of select cuts, 8 loads of 
trimmings, 12 loads of ground beef). 

   Feeder Cattle:

   Firm buyer support is holding in feeder cattle futures Friday morning with 
nearby contracts posting gains of $1 to $1.20 per cwt as the focus on 
underlying market support remains the main focus in all cattle trade after the 
sharp losses seen Thursday. Activity levels remain light as traders continue to 
look for additional longer term direction across the complex. The volatile and 
wild market shifts seen over the last couple of weeks have created such a back 
and forth shift in daily trade that these type of moves are almost expected.    

   LEAN HOGS:

   Light trade continues to be seen through the entire lean hog complex Friday 
morning with August futures holding strong underlying support of 67 cents per 
cwt. This is sparking some light to moderate buyer support through most other 
contracts with all but December contracts trading steady to 25 cents per cwt 
higher. The overall lack of pressure in the complex at the end of the week is 
helping traders square positions with nearby contracts stuck in the moderate to 
wide trading range seen over the last couple of weeks. Cash prices are lower on 
the National Direct morning cash hog report. The weighted average price fell 
$1.14 at $83.07 per cwt with the range from $78.00 to $84.50 on 3,998 head 
reported sold. Cash prices are lower on the Iowa/Minnesota Direct morning cash 
hog report. The weighted average price fell $1.46 at $83.39 per cwt with the 
range from $78.00 to $84.50 on 1,840 head reported sold. The National Pork 
Plant Report reported 141 loads selling with prices falling $1.07 per cwt. Lean 
hog index for 7/19 is at $92.00 down $0.40 with a projected two-day index of 
$91.67, down $0.33.   

   Rick Kment can be reached at rick.kment@dtn.com 


(BE)

Copyright 2017 DTN/The Progressive Farmer. All rights reserved.

DTN

July 21, 2017 at 4:26pm DTN Closing Livestock Comment


DTN Closing Livestock Comment 07/21 16:26
   Cattle Futures Closed Higher, Supported by Late Week Short-covering and Cash
Stability

   At the conclusion of a choppy session, live and feeder cattle contracts
settled moderately higher with feeders gaining on their live counterparts. Lean
hog futures settled on a mixed basis with deferreds out preforming nearbys.

By John Harrington
DTN Livestock Analyst



   GENERAL COMMENTS

   Moderate trade volume developed in most areas of cattle country. Live
business in the South was marked at $120.00, nearly steady with last week.
Dressed business in the North ranged from $188.00-$190.00, generally $2.00
lower than last week. The National hog base closed off $0.88 compared with the
Prior Day settlement ($78.00-$84.50, weighted average $83.33). From
Friday-to-Friday livestock futures scored the following changes: Aug LC Off
$1.38; Oct LC Off $1.17; Aug FC Off $1.32; Sep FC Off $0.92; Aug LH Up $1.20;
Oct LH Off $12.68. Corn futures closed generally $0.11 lower, pressured by late
week profit taking. Reports of blistering temperatures over parts of the Corn
Belt did not seem to spark buying interest. The stock market closed lower with
the Dow off 31 and the NASDAQ down by 2.
DTN

July 21, 2017 at 4:30pm DTN Chart Technical Points


DTN Chart Technical Points             07/21 16:30
DTN FUTURES  10       7/21/17                                   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    SEP 499.25 502.94 514.47 518.51 481.92 41.85 48.39 53.22  21  13 36 43
CBTWT    DEC 522.50 526.31 538.03 540.90 503.89 42.03 48.73 53.67  20  13 38 46
KC WT    SEP 496.00 500.69 515.53 522.25 487.91 38.31 45.31 51.10  15  10 29 38
KC WT    DEC 522.75 527.25 542.00 548.17 513.39 38.66 45.66 51.51  15  10 30 39
MN WT    SEP 765.75 774.94 772.67 768.24 671.50 54.77 60.12 64.73  53  54 57 57
MN WT    DEC 773.50 779.81 775.17 764.63 670.76 59.41 64.09 67.73  59  60 67 66
CORN     SEP 379.75 382.56 382.06 382.69 381.81 47.33 48.40 49.48  66  52 41 36
CORN     DEC 393.50 396.31 395.42 395.00 392.94 48.44 49.50 50.42  68  53 47 42
CORN     MAR 404.50 407.06 405.83 404.89 402.59 49.24 50.19 50.91  69  56 50 45
OATS     SEP 295.75 294.06 288.72 282.49 259.54 65.50 64.38 62.48  73  69 72 66
OATS     DEC 296.25 294.94 290.44 283.68 256.26 66.40 66.88 66.08  70  66 78 73
BEANS    AUG1009.001002.881001.22 982.06 952.59 62.90 62.29 57.98  77  56 74 70
BEANS    SEP1014.251007.561005.61 986.07 954.17 63.37 62.84 58.94  78  57 74 70
BEANS    NOV1022.251015.881014.14 993.06 958.33 63.29 63.06 59.77  77  56 75 71
S MEAL   AUG 329.70 327.58 327.60 320.36 310.02 62.24 61.87 57.98  71  51 68 66
S MEAL   SEP 331.70 329.60 329.62 322.26 311.54 62.35 62.09 58.52  71  52 69 67
B OIL    AUG  33.80  33.60  33.45  33.16  32.52 63.02 60.93 55.94  82  61 80 74
B OIL    SEP  33.93  33.73  33.58  33.29  32.64 63.00 60.94 56.06  82  62 80 74
CATTLE   AUG 116.43 116.16 116.62 115.88 118.57 49.99 48.88 49.94  52  47 61 65
CATTLE   OCT 117.40 117.56 117.54 115.73 116.46 54.99 54.17 53.66  53  62 81 86
FEEDER   AUG 152.95 152.83 152.45 148.95 149.83 58.21 56.33 54.59  60  65 83 86
FEEDER   SEP 153.15 152.89 152.43 148.98 149.58 59.17 57.06 55.10  62  66 84 87
HOGS     AUG  81.10  81.32  81.48  81.82  81.02 47.51 49.46 52.11  52  45 45 46
HOGS     OCT  67.22  67.94  68.31  69.17  68.67 38.25 42.35 47.37  35  37 20 31
COTTON   OCT  69.14  69.08  68.32  68.79  71.40 51.35 47.04 44.17  82  85 51 34
COTTON   DEC  68.42  68.43  67.71  67.77  69.96 53.24 48.75 44.43  81  84 62 37
RICE     SEP  11.98  11.93  11.88  11.87  11.60 61.26 60.46 60.02  86  71 60 54
RICE     NOV  12.19  12.13  12.08  12.08  11.82 62.00 60.81 60.37  83  68 61 54

DTN

January 01, 1970 at 12:00am DTN Feeder Pig Index

DTN