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11/17 05:55 - DTN Early Word Grains

DTN Early Word Grains 11/17 05:55 Green Commodities, Red Dollar December corn was 1 cent higher, January soybeans were 3 cents higher, and December Kansas City (HRW) wheat was 2 cents higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was 1 cent higher, January soybeans were 3 cents higher, and Decemb…

11/17 11:40 - DTN Midday Grain Comments

DTN Midday Grain Comments 11/17 11:40 Corn, Beans Higher at Midday; Wheat Mixed Row crops are firmer at midday, wheat mixed. By David Fiala DTN Contributing Analyst General Comments The U.S. stock market is lower at midday with the Dow down 90 points. The interest rate products are mostly higher. The dollar index is 15 poin…

11/17 14:02 - DTN Closing Grain Comments

DTN Closing Grain Comments 11/17 14:02 Commodities Enjoy Their Own Black Friday Not only were grains higher on Friday, but several outside commodities were also in the black, turning Friday into Commodity Appreciation Day. In the case of grains, December soybean meal led percentage gainers and helped lift January soybeans 18 1/2 cents to a …

11/17 15:40 - DTN Cattle Close/Trends

USDA MARKET NEWS--AFTERNOON CATTLE REPORT 11/17/17 VOLUME USDA TOTAL RANGE DTN PRACTICAL RANGE WT AVG KANSAS CONFIRMED CASH SALES - TODAY: 729 WEEK T0 DATE: 20,273 STEERS 487 119.00-119.00 119.00-119.00 119.00 HEIFERS 162 119.00-119.00 119.00-119.00 …

11/17 05:28 - DTN Early Word Opening Livestock

DTN Early Word Opening Livestock 11/17 05:28 Meat Futures Set to Open Late-Week Session With Mixed Prices Expect the cattle complex to open Friday morning in slow gear with mixed prices. Action in lean hog futures should be equally sluggish and directionless as traders position ahead of the weekend break. By John Harrington DTN Livest…

11/17 12:02 - DTN Midday Livestock Comments

DTN Midday Livestock Comments 11/17 12:02 Hog Futures Give Back Early Gains Midday Friday The aggressive early support seen across lean hog futures has allowed for increased market uncertainty through the complex. Mixed trade is holding in narrow ranges across hog futures. Cattle markets continue to remain sharply lower in feeder…

11/17 16:34 - DTN Closing Livestock Comment

DTN Closing Livestock Comment 11/17 16:34 Feeder Cattle Futures Close Week With Triple-Digit Losses The cattle complex closed solidly lower with feeders feeding the late-week sell-off. On the other hand, lean hog contracts settled on a mixed basis with nearbys gaining on their deferred counterparts. By John Harrington DTN Livestock Analyst …

11/17 16:30 - DTN Chart Technical Points

DTN Chart Technical Points 11/17 16:30 DTN FUTURES 10 11/17/17 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 DEC 427.25 424.19 426.17 426.32 435.84 50.16 47.71 45.…

- DTN Feeder Pig Index

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Quotes
 
@C - CORN - CBOT
  High Low Last Chg
Dec 343'4 336'4 343'2 6'4
Mar 355'4 348'6 355'2 6'0
May 364'0 357'0 363'6 6'0
 
@S - SOYBEANS - CBOT
  High Low Last Chg
Jan 992'0 971'4 992'0 18'4
Mar 1003'0 982'4 1002'6 18'2
May 1012'4 992'2 1012'2 18'2
 
@W - WHEAT - CBOT
  High Low Last Chg
Dec 428'0 421'0 427'4 5'6
Mar 444'0 437'2 443'2 5'4
May 454'6 448'2 454'2 4'4
 
@LE - LIVE CATTLE - CME
  High Low Last Chg
Dec 119.800 118.550 118.775 - 0.700
Feb 125.375 124.350 124.650 - 0.450
 
@HE - LEAN HOGS - CME
  High Low Last Chg
Dec 62.100 60.000 60.525 0.550
Feb 68.075 66.350 67.025 0.500

 
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November 17, 2017 at 5:55am DTN Early Word Grains


DTN Early Word Grains         11/17 05:55
   Green Commodities, Red Dollar

   December corn was 1 cent higher, January soybeans were 3 cents higher, and
December Kansas City (HRW) wheat was 2 cents higher.

By Darin Newsom
DTN Senior Analyst

6:00 a.m. CME Globex:  December corn was 1 cent higher, January soybeans were 3
cents higher, and December Kansas City (HRW) wheat was 2 cents higher.

CME Globex Recap:  The grain and oilseed complex, like much of the rest of the
larger commodity complex, was showing green early Friday morning. Soybeans and
corn were generally limited to erasing Thursday's sell-off, while wheat tried
to build on the previous day's small rally. Softs, energies, and metals were
also showing gains, mostly, with light support possibly tied to the lower U.S.
dollar index. Also, DJIA futures were lower again as the Big Board is expected
to continue its volatile ways Friday.

OUTSIDE MARKETS:  The Dow Jones Industrial Average closed 187.08 points (0.8%)
higher at 23,458.36, the NASDAQ Composite gained 87.08 points (1.3%) to
6,793.29, and the S&P 500 rallied 21.02 points (0.8%) to 2,585.64 Thursday.
DJIA futures were 26 points lower early Friday morning. Asian markets closed
mostly higher with Japan's Nikkei 225 up 45.68 points (0.2%), Hong Kong's Hang
Seng gaining 180.28 points (0.6%), and China's Shanghai Composite down 16.34
points (0.5%). European markets were trading mixed with London's FTSE 100 off
12.94 points (0.2%), Germany's DAX rallying 6.37 points, and France's CAC 40
adding 4.33 points (0.1%). The euro was 0.0032 higher at 1.1803 while the U.S.
dollar index lost 0.22 to 93.69. December 30-year T-Bonds were 1/32 higher at
153'19 while December gold gained $5.20 to $1,283.40. Crude oil was $0.79
higher at $55.93 while Brent crude added $0.55 to $61.91. China's Dalian
soybean futures were near unchanged and Malaysian palm oil futures were lower
overnight.
DTN

November 17, 2017 at 11:40am DTN Midday Grain Comments


DTN Midday Grain Comments     11/17 11:40

   Corn, Beans Higher at Midday; Wheat Mixed

   Row crops are firmer at midday, wheat mixed.

By David Fiala
DTN Contributing Analyst

 General Comments

   The U.S. stock market is lower at midday with the Dow down 90 points.  The 
interest rate products are mostly higher. The dollar index is 15 points lower. 
Energies are higher with crude 1.20 higher. Livestock trade is mixed with hogs 
leading. Precious metals are higher with gold up $9.80.

   CORN

   Corn trade is 3 to 5 cents higher at midday with short profit taking ahead 
of the weekend. We are still down on the week and it appears we will close with 
a new weekly low so position squaring could give us some volatility near the 
close this afternoon. Ethanol margins remain at stable with crude staying near 
the upper end of the range, and ethanol futures higher. Basis and carry has 
shown further improvement with carry trading below 12 cents this morning. 
Remain harvest is struggling with poor drying conditions this week, but we are 
near the end overall. On the December chart support is at the new low at $3.36 
1/2. Resistance is at the $3.49 1/2 50-day moving then the $3.58 six-week high. 

   SOYBEANS

   Soybean trade is 5 to 10 cents higher at midday with trade continuing to 
consolidate above the $9.76 area this morning. Meal is 4.00 to 5.00 higher, and 
oil is 15 to 25 points lower. South American weather looks to continue working 
drier in Argentina in the near term, but major issues remain very limited for 
now. Export business has been quiet for the bulk of November on the daily wire. 
On the January chart, trade is trying to close above the 100-day at $9.76 going 
into the weekend with the September low of $9.60 the next notable support with 
many chart analysts mentioning the $9.50 level. Trade is testing the 200-day at 
$9.79 at midday, and a close above the 100 and 200-day going into the weekend 
would likely encourage some short covering Sunday night.

   WHEAT

   Wheat trade is mixed with spring wheat flat to 2 cents lower and winter 
wheat 3 to 5 cents higher at midday. Dryness is a concern, which is limiting 
downside on the winter wheat contracts, but that hasn't translated into more 
aggressive buying yet. The Russian ruble weakness recently helps Russian 
competitiveness on the world market, with business to the Middle East marked by 
continued steady cash trade. Basis has firmed a bit on the plains in recent 
days but overall remains wide. On the December Kansas City support is the $4.13 
1/2 low, with the 10-day and 20-day at $4.25, as resistance this afternoon. 

   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


(SK)

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

DTN

November 17, 2017 at 2:02pm DTN Closing Grain Comments


DTN Closing Grain Comments    11/17 14:02
   Commodities Enjoy Their Own Black Friday

   Not only were grains higher on Friday, but several outside commodities were
also in the black, turning Friday into Commodity Appreciation Day. In the case
of grains, December soybean meal led percentage gainers and helped lift January
soybeans 18 1/2 cents to a small gain for the week.
DTN

November 17, 2017 at 3:40pm DTN Cattle Close/Trends






                 USDA MARKET NEWS--AFTERNOON CATTLE REPORT    11/17/17

          VOLUME    USDA TOTAL RANGE   DTN PRACTICAL RANGE  WT AVG
   
KANSAS    CONFIRMED CASH SALES - TODAY:     729   WEEK T0 DATE:  20,273
STEERS    487         119.00-119.00       119.00-119.00       119.00
HEIFERS   162         119.00-119.00       119.00-119.00       119.00

NEBRASKA  CONFIRMED CASH SALES - TODAY:   1,640   WEEK TO DATE:   40,929
STEERS    333         189.00-189.00       189.00-189.00       189.00
HEIFERS   299         189.00-189.00       189.00-189.00       189.00

TEXAS     CONFIRMED CASH SALES - TODAY:   1,281   WEEK TO DATE:   7,338
STEERS    1,003       119.00-119.00       119.00-119.00       119.00
HEIFERS   278         119.00-119.00       119.00-119.00       119.00

COLORADO  CONFIRMED CASH SALES - TODAY:     216   WEEK TO DATE:   1,996
STEERS    No reportable trade
HEIFERS   66          120.50-120.50       120.50-120.50       120.50

IOWA      CONFIRMED CASH SALES - TODAY:   2,106   WEEK TO DATE:  22,081
STEERS    115         188.00-188.00       188.00-188.00       188.00
HEIFERS   199         188.00-188.00       188.00-188.00       188.00

COMMENTS: Just a little cleanup trade reported today at mostly steady money.

5-AREA LV STR AVE PR&WT: $118.91(1443)  HIDE&OFFAL: $10.40 -0.20
CARCASS EQV INDEX   CHOICE (600-900#)   SELECT (600-900#)    #OF HD
  LIVE BASED           180.72              164.86              86,385
  BOX BASED            195.24              175.85              51,338
  AVE INDEX            187.98  -1.46       170.36  +0.06      137,723
BEEF CUTOUTS        CHOICE (600-900#)   SELECT (600-900#)
                       207.24  -3.00       187.85  +0.02
  63.80 LDS CH CUTS / 63.13 LDS SEL CUTS / 10.53 LDS TRIM / 20.36 LDS GROUND
BOXED BEEF TREND: Shrply lr on Ch&stdy on Sel on lt-mod dem&mod-hvy offer
COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 11/10 $205.77 +3.98
 CUTTER 90%  350# UP C/O: $168.17 -0.41
 NAT'L BONELESS BF TRIM:  21.61 lds / Unevely stdy on lt dem & offers
 90% TRIM:  06 lds: Wtd Avg $211.20 / Weak to slightly lower
*ABCDE AFTER QUOTE REPRESENTS DAYS SINCE LAST REPORTED MARKET TEST*.
FI KILL(WTD) FRI 118(591) WK AGO 112(576) YR AGO 115(576) MIX: THU SH96/CB24
             SAT  48(639) WK AGO  47(623) YR AGO  53(629)
                    WEEKLY CANADIAN CATTLE IMPORTS.
                         FEEDERS     SLAUGHTER S&H
Week Ending:  11/04/17    2,106        7,203
Week Ending:  10/28/17    1,353        5,567
Change from prev week:     +753       +1,636

DTN

November 17, 2017 at 5:28am DTN Early Word Opening Livestock


DTN Early Word Opening Livestock       11/17 05:28
   Meat Futures Set to Open Late-Week Session With Mixed Prices

   Expect the cattle complex to open Friday morning in slow gear with mixed
prices. Action in lean hog futures should be equally sluggish and directionless
as traders position ahead of the weekend break.

By John Harrington
DTN Livestock Analyst



Cattle: Cash Steady w/Wed     Futures Mixed        Live Equiv $137.40 - .42*
Hogs:   Cash Steady-$1 LR     Futures Mixed        Lean Equiv $85.74 - .08**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue

GENERAL COMMENTS:

   Look for the cash cattle market to be very limited through the day. We see a
few clean-up deals here and there, but for the most part the country trade
seems to be done for the week. The November 1 Cattle on Feed report scheduled
for release Friday afternoon will most probably be bearish in terms of fed
cattle supplies. "How bearish?" may be the only question in play. Averages
guesses look like this: on feed, up 5% to 6%; placed in October, up 7% to 8%;
marketed in October, up 5%. Live and feeder futures are staged to open on a
mixed basis as traders position before official on feed news.
DTN

November 17, 2017 at 12:02pm DTN Midday Livestock Comments


DTN Midday Livestock Comments          11/17 12:02

   Hog Futures Give Back Early Gains Midday Friday

   The aggressive early support seen across lean hog futures has allowed for 
increased market uncertainty through the complex. Mixed trade is holding in 
narrow ranges across hog futures. Cattle markets continue to remain sharply 
lower in feeder cattle, limiting any interest from developing in live cattle 
trade. 

By Rick Kment
DTN Analyst

GENERAL COMMENTS: 

   Aggressive pressure continues to hold across feeder cattle trade. This may 
spark additional buyer interest in the market, late in the session, but buyers 
seem to be willing to hold out until next week at this point. Lean hog futures 
are mixed at midday after giving back early gains which gave increased promise 
to the market. The overall light trade volume in the market is a major draw for 
the hog complex. Corn prices are higher in light trade. December corn futures 
are 4 cents per bushel higher. Stock markets are mixed in light trade. The Dow 
Jones is 87 points lower while Nasdaq is up 2 points.

   LIVE CATTLE:

   Losses in live cattle futures have remained sluggish with traders focusing 
on the sharp triple-digit losses in the feeder cattle market. This is due 
mostly to the overall lack of trade activity at the end of the week. With no 
significant direction detected in cash markets late in the week, traders are 
focusing on outside market shifts. This could spark additional long-term market 
direction through the complex. Cash cattle trade appears to be done for the 
week with no active bids developing through the morning. The moderate to active 
trade seen earlier in the week $2 to $4 per cwt lower than last week's levels 
has met most packer's needs for now. It is still possible that a few cleanup 
sales may develop late in the day, but with the downward pressure in prices, 
most feeders are expected to hold off until next week. Beef cut-outs at midday 
are mixed, $1.04 higher (select) and down $1.68 per cwt (choice) with moderate 
movement of 76 total loads reported (34 loads of choice cuts, 22 loads of 
select cuts, 9 loads of trimmings, 11 loads of ground beef). 

   FEEDER CATTLE:

   Sharp losses have quickly flooded into the market Friday morning with 
triple-digit pressure developing just after opening bell. This has sparked 
additional long term pressure to develop through the complex. Traders are 
holding $1.50 to $1.70 per cwt losses as traders continue to shift lower and 
liquidate positions at the end of the week. The overall concern that strong 
pressure may continue through the Thanksgiving season is bringing additional 
sellers to the market.  

   LEAN HOGS:

   Light trade has continued to be seen through the morning Friday. This is 
limiting overall market direction following a pull back from sharp triple digit 
gains seen early in the trading day. Nearby contracts continue to hold a narrow 
gain of 10 to 30 cents per cwt while deferred futures are trading lower in the 
same price ranges. Sluggish market activity is expected to be seen through the 
end of the session, although the inability to hold early support is going to be 
viewed as generally bearish for the market. Cash prices on the direct morning 
reports are unavailable at this time. The National Pork Plant Report posted 133 
loads selling with cutout values falling $0.07 per cwt. Lean hog index for 
11/15 is at $69.97 down $0.40 with a projected two-day index of $65.42, down 
$0.55.

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


(BE)

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

DTN

November 17, 2017 at 4:34pm DTN Closing Livestock Comment


DTN Closing Livestock Comment 11/17 16:34
   Feeder Cattle Futures Close Week With Triple-Digit Losses

   The cattle complex closed solidly lower with feeders feeding the late-week
sell-off. On the other hand, lean hog contracts settled on a mixed basis with
nearbys gaining on their deferred counterparts.

By John Harrington
DTN Livestock Analyst



   GENERAL COMMENTS

   The cash cattle trade was not tested in the late rounds with buyers and
sellers apparently satisfied with trade volume generated at midweek. Showlists
could be somewhat larger on Monday, but so should packer appetite given the
need to line up the full slaughter schedule following Thanksgiving. The
National hog base closed off $0.59 compared with the Prior Day settlement
($51.00-$58.25, weighted average $56.96). From Friday to Friday, livestock
futures scored the following changes: Dec LC off $1.72; Feb LC off $2.08; Jan
FC off $5.45; Mar FC off $4.95; Dec LH off $1.82; Feb LH off $3.18. Corn
futures closed 6 cents plus higher, supported by pre-holiday short-covering and
commercial buying interest. The stock market closed lower with the Dow off 100
points and the NASDAQ down by 10.
DTN

November 17, 2017 at 4:30pm DTN Chart Technical Points


DTN Chart Technical Points             11/17 16:30
DTN FUTURES  10       11/17/17                                   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    DEC 427.25 424.19 426.17 426.32 435.84 50.16 47.71 45.31  31  32 29 37
CBTWT    MAR 443.50 441.13 443.36 443.99 454.37 47.94 45.75 43.90  28  33 28 36
KC WT    DEC 422.00 421.19 425.39 425.11 433.34 44.24 44.04 43.53  13  23 35 49
KC WT    MAR 439.50 438.63 442.61 442.58 451.07 44.26 43.92 43.45  15  24 33 46
MN WT    DEC 635.00 629.75 636.22 628.26 624.29 56.43 54.77 50.24  24  14 44 58
MN WT    MAR 650.00 644.38 649.14 641.18 637.38 59.05 56.70 51.47  31  19 51 64
CORN     DEC 343.00 338.81 342.06 345.46 348.47 47.55 45.30 43.94  29  14 11 12
CORN     MAR 355.00 351.38 354.92 358.78 361.71 44.90 43.39 43.26  26  12  9 11
CORN     MAY 363.50 359.81 363.44 367.39 370.34 44.52 43.08 43.31  27  13  9 11
OATS     DEC 257.00 266.19 269.25 267.96 260.14 34.50 41.62 48.20  16  42 42 56
OATS     MAR 272.25 279.00 278.53 274.43 264.89 44.95 50.34 53.53  30  56 69 83
BEANS    JAN 990.50 976.63 983.03 985.72 984.34 55.23 53.33 52.03  41  21 19 20
BEANS    MAR1001.50 987.69 994.03 996.40 994.27 55.51 53.68 52.48  41  21 19 21
BEANS    MAY1011.00 997.191003.191005.571003.21 55.83 53.96 52.79  42  21 19 21
S MEAL   DEC 318.20 312.58 313.18 313.52 315.22 60.75 56.39 52.82  39  19 18 13
S MEAL   JAN 320.00 314.55 315.24 315.57 317.30 60.15 56.03 52.78  39  19 18 13
B OIL    DEC  34.44  34.41  34.70  34.68  34.04 48.11 50.14 51.13  46  31 45 61
B OIL    JAN  34.59  34.56  34.85  34.84  34.20 47.97 50.05 51.11  46  31 44 61
CATTLE   DEC 118.85 119.52 121.03 122.36 118.56 37.78 44.92 51.12  23  21 37 46
CATTLE   FEB 124.68 125.17 126.81 127.56 122.91 39.31 47.49 54.42  21  20 48 58
FEEDER   JAN 151.73 153.44 155.91 157.17 154.03 31.73 40.28 49.53  16  16 42 56
FEEDER   MAR 150.13 151.63 153.72 154.53 151.37 33.68 42.05 50.77  20  20 50 61
HOGS     DEC  60.65  60.46  61.92  63.70  62.15 36.74 41.46 47.08  33  25 11 13
HOGS     FEB  67.07  67.15  68.89  70.16  67.75 33.14 40.73 48.33  17  17 17 35
COTTON   DEC  69.78  69.10  68.81  68.71  68.59 63.41 58.08 52.44  62  50 65 57
COTTON   MAR  69.35  69.00  68.88  68.73  68.24 60.22 56.79 52.32  51  41 76 73
RICE     JAN  12.28  12.01  11.69  11.68  12.12 72.53 62.51 52.89  98  88 50 24
RICE     MAR  12.56  12.29  11.97  11.96  12.35 73.16 63.26 53.75  99  93 53 25

DTN

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

DTN