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01/19 05:55 - DTN Early Word Grains

DTN Early Word Grains 01/19 05:55 Green Light for Grains, Most Commodities March corn was up 1 1/2 cents, March soybeans were up 3 1/2 cents, and March Chicago (SRW) wheat was up 1 cent. By Todd Hultman DTN Analyst 6:00 a.m. CME Globex: March corn was up 1 1/2 cents, March soybeans were up 3 1/2 cents, and March Chicago (SRW) w…

01/19 11:46 - DTN Midday Grain Comments

DTN Midday Grain Comments 01/19 11:46 Grains Mixed at Midday Soybeans are the midday leader, with corn flat, and wheat lower. By David Fiala DTN Contributing Analyst General Comments The U.S. stock market indices are mixed at midday with the Dow futures down 35 points. The interest rate products are higher. The dollar index…

01/19 13:46 - DTN Closing Grain Comments

DTN Closing Grain Comments 01/19 13:46 Soybean Meal Posts Fifth Consecutive Gain March soybean meal closed up $3.20 Friday, its fifth consecutive gain in the aftermath of last week's USDA report and helped by ongoing concerns of dry weather in Argentina. Row crops ended with small gains while all three wheats finished a little lower. …

01/19 15:35 - DTN Cattle Close/Trends

USDA MARKET NEWS--AFTERNOON CATTLE REPORT 01/19/18 VOLUME USDA TOTAL RANGE DTN PRACTICAL RANGE WT AVG KANSAS CONFIRMED CASH SALES - TODAY: 0 WEEK T0 DATE: 49 STEERS No reportable trade HEIFERS No reportable trade NEBRASKA CONFIRMED CASH SALES - TODAY: 0 WEEK TO DATE: …

01/19 06:06 - DTN Early Word Opening Livestock

DTN Early Word Opening Livestock 01/19 06:06 Livestock Futures Seem Staged for Mixed Opening The cattle complex is likely to open mixed as traders jockey ahead of last week's cash developments. Lean hog issues should also begin with uneven price action in slow volume. By John Harrington DTN Livestock Analyst Cattle: Steady-$2 H…

01/19 11:53 - DTN Midday Livestock Comments

DTN Midday Livestock Comments 01/19 11:53 Moderate to Strong Losses Develop Friday Morning Narrow pressure seen early in the market has limited trade activity through the complex. This may bring additional uncertainty to the entire trade. Triple-digit losses are holding in feeder cattle trade. By Rick Kment DTN Analyst GE…

01/19 16:54 - DTN Closing Livestock Comment

DTN Closing Livestock Comment 01/19 16:54 Late-Week Profit-Taking Causes Upset in Livestock Futures to Close Mostly Lower The cattle complex settled generally lower with triple-digit losses evident in the feeder market. Although lean hog futures finished on a mixed basis, most trading interest seemed to be interested in pressuring nearby issue…

01/19 16:30 - DTN Chart Technical Points

DTN Chart Technical Points 01/19 16:30 DTN FUTURES 10 1/19/18 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 MAR 422.75 421.50 426.00 427.67 428.52 44.52 45.26 43.6…

- DTN Feeder Pig Index

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Quotes
 
@C - CORN - CBOT
  High Low Last Chg
Mar 354'4 353'4 354'2 1'6
May 362'6 361'4 362'2 1'4
Jul 370'6 369'4 370'6 1'6
 
@S - SOYBEANS - CBOT
  High Low Last Chg
Mar 984'0 980'0 982'2 5'0
May 995'0 991'2 993'4 5'0
Jul 1004'4 1000'6 1003'0 4'6
 
@W - WHEAT - CBOT
  High Low Last Chg
Mar 427'0 424'0 426'2 3'4
May 439'2 436'6 438'4 3'0
Jul 452'4 450'4 451'6 3'0
 
@LE - LIVE CATTLE - CME
  High Low Last Chg
Feb 122.675 120.875 121.925 - 0.050
Apr 123.850 122.125 122.650 - 0.750
 
@HE - LEAN HOGS - CME
  High Low Last Chg
Feb 73.150 72.000 72.300 -0.975
Apr 76.075 75.025 75.675 -0.400

 
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January 19, 2018 at 5:55am DTN Early Word Grains


DTN Early Word Grains         01/19 05:55
   Green Light for Grains, Most Commodities

   March corn was up 1 1/2 cents, March soybeans were up 3 1/2 cents, and March
Chicago (SRW) wheat was up 1 cent.

By Todd Hultman
DTN Analyst

6:00 a.m. CME Globex:   March corn was up 1 1/2 cents, March soybeans were up 3
1/2 cents, and March Chicago (SRW) wheat was up 1 cent.

CME Globex Recap:   Except for modest losses in energies, the rest of the
commodity board is mostly higher early Friday, including nearly every grain and
soybean contract. Stocks around the globe are also trading higher, including a
98 point gain in Dow Jones futures.

OUTSIDE MARKETS:   On Thursday, the Dow Jones Industrial Average closed down
97.84 points (-0.4%) at 26,017.81, the NASDAQ Composite was down 2.23 points
(-0.03%) to 7,296.05, and the S&P 500 was down 4.53 points (-0.2%) to 2,798.03.
DJIA futures were 98 points higher early Friday morning. Asian markets were
mostly higher early Friday with Japan's Nikkei 225 up 44.69 points (0.2%), Hong
Kong's Hang Seng up 132.95 points (0.4%), and China's Shanghai Composite adding
13.11 points (0.4%). European markets were also trading higher with London's
FTSE 100 up 19.25 points (0.2%), Germany's DAX up 121.32 points (0.9%), and
France's CAC 40 gaining 25.52 points (0.5%). The euro gained 0.0245 to 1.2305
as the U.S. dollar index fell 0.15 to 90.33. March 30-year T-Bonds were 10/32
lower at 149'04 while February gold was up $7.50 to $1,334.70. Crude oil was
$0.35 lower at $63.54 while Brent crude lost $0.40 to $68.91. China's Dalian
soybean prices were mixed to lower and Malaysian palm oil futures were 1.25%
lower overnight.
DTN

January 19, 2018 at 11:46am DTN Midday Grain Comments


DTN Midday Grain Comments     01/19 11:46

   Grains Mixed at Midday

   Soybeans are the midday leader, with corn flat, and wheat lower.

By David Fiala
DTN Contributing Analyst

 General Comments

   The U.S. stock market indices are mixed at midday with the Dow futures down 
35 points.  The interest rate products are higher. The dollar index is 10 
higher. Energies are lower with crude down 0.70. Livestock trade is mostly 
lower. Precious metals are mixed with gold 6.50 higher. 

   CORN

   Corn trade is flat to a penny higher at midday with trade pulling back from 
an early test of resistance. Ethanol margins are slightly tighter with firmer 
corn and softer energy values. Corn basis set back slightly on increased 
selling on the futures rally with carry steady. Warmer weather should help to 
throttle back livestock feeding coming forward. The weekly export sales were 
strong at 1.89 million metric tons, but at midday the market is acting as if 
this is old news. On the March chart support is the 50-day at $3.52 we are 
right around at midday, with the 20-day at $3.50 below that, and resistance at 
the 100-day at $3.58. 

   SOYBEANS

   Soybean trade is 4 to 7 cents higher with trade closing in on the next round 
of resistance with light buying continuing and trade has pulled back from a 
test of the 50-day moving average. Meal is $3.50 to $4.50 higher and oil is 
narrowly mixed. South American weather looks to continue the recent pattern in 
the near term with the north and south dry, and the middle wet, with the most 
concerns in Argentina. Basis and carry remains mostly sideways. Weekly export 
sales were improved at 1.24 million metric tons of beans, 281,000 of meal, and 
27,900 of oil. The export wire was quiet again this morning, with only new crop 
sales on the wire so far this week. On the March, support is the 10-day and 
20-day $9.64 that we have tested this morning and resistance the 50-day at 
$9.84. 

   WHEAT

   Wheat trade is flat to 4 cents lower with trade chopping lower going into 
the weekend. Warmer weather should be the rule in the near term, but moisture 
will likely remain short in the near term for much of the Plains. The dollar 
remains below 91 on the index with the trend still lower, with rallies being 
sold. The gap between U.S. and Russian origin has narrowed but remains more 
favorable to Russia with U.S. export sales remaining weak at 153,000 metric 
tons. On the March Kansas City contract, chart support is the lows at $4.10, 
with the weekly low of $4.21 becoming nearby support with the 20-day at $4.29 
as the first level of resistance with the 50-day at $4.30 above that, which we 
tested this morning.

   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 2018 DTN/The Progressive Farmer. All rights reserved.

DTN

January 19, 2018 at 1:46pm DTN Closing Grain Comments


DTN Closing Grain Comments    01/19 13:46
   Soybean Meal Posts Fifth Consecutive Gain

   March soybean meal closed up $3.20 Friday, its fifth consecutive gain in the
aftermath of last week's USDA report and helped by ongoing concerns of dry
weather in Argentina. Row crops ended with small gains while all three wheats
finished a little lower.
DTN

January 19, 2018 at 3:35pm DTN Cattle Close/Trends






                 USDA MARKET NEWS--AFTERNOON CATTLE REPORT    01/19/18

          VOLUME    USDA TOTAL RANGE   DTN PRACTICAL RANGE  WT AVG
   
KANSAS    CONFIRMED CASH SALES - TODAY:       0   WEEK T0 DATE:      49
STEERS    No reportable trade
HEIFERS   No reportable trade

NEBRASKA  CONFIRMED CASH SALES - TODAY:       0   WEEK TO DATE:       0
STEERS    No reportable trade
HEIFERS   No reportable trade

TEXAS     CONFIRMED CASH SALES - TODAY:       0   WEEK TO DATE:     166
STEERS    No reportable trade
HEIFERS   No reportable trade

COLORADO  CONFIRMED CASH SALES - TODAY:       0   WEEK TO DATE:       0
STEERS    No reportable trade
HEIFERS   No reportable trade

IOWA      CONFIRMED CASH SALES - TODAY:     444   WEEK TO DATE:     844
STEERS    295       193.25-193.25       193.25-193.25       193.25
HEIFERS   No reportable trade

COMMENTS: At the time of this close only some light scattered trade had been
Reported in parts of the North at $195, $3 Hr than last week's weighted average
Basis NE. We will continue to track this week's cash cattle sales on the Daily
Sales Reported to DTN Page.

5-AREA LV STR AVE PR&WT: $121.00(1475)  HIDE&OFFAL: $10.66 -0.03
CARCASS EQV INDEX   CHOICE (600-900#)   SELECT (600-900#)    #OF HD
  LIVE BASED           178.13              170.72              7,916
  BOX BASED            192.86              188.16             45,867
  AVE INDEX            185.49  -0.52       179.44  -0.45      53,783
BEEF CUTOUTS        CHOICE (600-900#)   SELECT (600-900#)
                       204.86  -0.83       200.16  -0.71
  61.53 LDS CH CUTS / 18.04 LDS SEL CUTS / 10.85 LDS TRIM / 14.87 LDS GROUND
BOXED BEEF TREND: Wk/lr on lt-mod dem & offers
COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 01/12 $207.25 +2.95
 CUTTER 90%  350# UP C/O: $170.10 -0.01
 NAT'L BONELESS BF TRIM:  14.33 lds / Modly/shrply lr on gd dem & mod offers
 90% TRIM:  00 lds: Wtd Avg $No Test/ Mostly weak to lower
FI KILL(WTD) FRI 117(588) WK AGO 116(588) YR AGO 114(525) MIX: THU SH94/CB24
             SAT  27(615) WK AGO  23(611) YR AGO  47(571)
                    WEEKLY CANADIAN CATTLE IMPORTS.
                         FEEDERS     SLAUGHTER S&H
Week Ending:  01/06/18      285        4,217
Week Ending:  12/30/17      110        1,641
Change from prev week:     +175       +2,576

DTN

January 19, 2018 at 6:06am DTN Early Word Opening Livestock


DTN Early Word Opening Livestock       01/19 06:06
   Livestock Futures Seem Staged for Mixed Opening

   The cattle complex is likely to open mixed as traders jockey ahead of last
week's cash developments. Lean hog issues should also begin with uneven price
action in slow volume.

By John Harrington
DTN Livestock Analyst



Cattle: Steady-$2 HR   Futures: Mixed   Live Equiv $139.06  + .60*
Hogs:   Steady/Weak    Futures: Mixed   Lean Equiv $ 85.86  - .28**

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

GENERAL COMMENTS:

   What a difference a week makes in terms of market timing. Last week's cash
business was essentially completed by Tuesday. This week we've reached Friday
with virtually nothing booked. Whatever explains the contrast, some action will
have to surface between now and sunset. Higher futures clearly anticipated that
packers will blink before feedlot managers. Look for opening bids around $118
in the South and $190 in the North. Asking prices should remain firm at $122 to
$123 in the South and $195 to $197 in the North. Live and feeder futures should
open mixed, tied to follow-through buying and profit-taking.
DTN

January 19, 2018 at 11:53am DTN Midday Livestock Comments


DTN Midday Livestock Comments          01/19 11:53

   Moderate to Strong Losses Develop Friday Morning  

   Narrow pressure seen early in the market has limited trade activity through 
the complex. This may bring additional uncertainty to the entire trade. 
Triple-digit losses are holding in feeder cattle trade. 

By Rick Kment
DTN Analyst

GENERAL COMMENTS: 

   Pressure is seen in all livestock markets with aggressive triple-digit 
losses in feeder cattle markets leading the complex lower. Although trade is 
still sluggish, the overall lack of follow-through buying activity may bring 
additional uncertainty to the market. Corn prices are higher in light trade. 
March corn futures are 1/4 cent higher Friday. Stock markets are mixed in light 
trade. The Dow Jones is 54 points lower while Nasdaq is up 24 points.

   LIVE CATTLE:

   Narrow to moderate losses have developed across the live cattle futures. 
There is likely to be some additional market shifts seen in the last couple 
hours of trade, although most traders may focus on increased trade volume over 
the next couple of weeks. The strong gains seen earlier in the week has also 
put more emphasis on the desire and need to spark some additional trade volume 
and square positions before the weekend. Cash cattle sales are still 
undeveloped Friday, although trade still needs to be done before either side 
can call it a week. This may add to the uncertainty in futures trade as packers 
are unwilling to aggressively increase bids at this point. Live bids are seen 
at $118 in the North and South, while dressed bids are holding at $192 to $194 
per cwt. Asking prices are seen at $124 and higher live and $195 to $197 
dressed basis. Boxed Beef cut-outs at midday are lower, $0.48 lower (select) 
and down $0.58 per cwt (choice) with light movement of 67 total loads reported 
(41 loads of choice cuts, 12  loads of select cuts, 9 loads of trimmings, 6 
loads of ground beef). 

   FEEDER CATTLE:

   Triple-digit losses have quickly developed across the complex late Friday 
morning. The inability to bring back the buyer support seen over the past two 
trading sessions has created underlying position taking with nearby contracts 
holding losses of $1 to $1.30 per cwt. The follow through weakness seen in live 
cattle markets through the morning may continue to add softness to the entire 
cattle trade, and push feeder cattle futures even lower.    

   LEAN HOGS:

   Mixed trade is seen midday Friday with traders focusing on the overall lack 
of buyer support willing to move into the market. There is growing support for 
market stability in deferred contracts, while the weakness that has moved into 
the cattle trade is starting to erode overall market gains through the rest of 
the trading session. February futures are trading 75 cents per cwt lower with 
the rest of the market stuck in a narrow range. Cash prices are higher on the 
National Direct morning cash hog report. The weighted average price is up $0.13 
at $69.84 per cwt with the range from $63.50 to $71.50 on 5,243 head reported 
sold. Cash prices are higher on the Iowa/Minnesota Direct morning cash hog 
report. The weighted average price is up $0.02 at $69.90 per cwt with the range 
from $66.50 to $71.50 on 2,695 head reported sold. The National Pork Plant 
Report posted 146 loads selling with carcass values adding $0.19 per cwt. Lean 
hog index for 1/17 is at $73.55 up $0.56 with a projected two-day index of 
$73.67, up $0.12. 

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


(BE)

Copyright 2018 DTN/The Progressive Farmer. All rights reserved.

DTN

January 19, 2018 at 4:54pm DTN Closing Livestock Comment


DTN Closing Livestock Comment 01/19 16:54
   Late-Week Profit-Taking Causes Upset in Livestock Futures to Close Mostly
Lower

   The cattle complex settled generally lower with triple-digit losses evident
in the feeder market. Although lean hog futures finished on a mixed basis, most
trading interest seemed to be interested in pressuring nearby issues.

By John Harrington
DTN Livestock Analyst



   GENERAL COMMENTS

   Market watchers had to be patient this week, but the cash cattle trade
finally developed late Friday afternoon with packers paying more for short-term
slaughter needs. Live sales in the South are mostly marked at $123, $3 higher
than last week. Most dressed sales in the North were marked at $195, $3 higher
than last week's weighted average basis Nebraska. The National hog base closed
off $0.35 compared with the Prior Day settlement ($62-$71.50, weighted average
$69.36). From Friday to Friday, livestock futures scored the following changes:
Feb LC up $4.53; Apr LC up $3.27; Jan FC up $3.60; Mar FC up $2.95; Feb LH up
$0.50; Apr LH up $1.18. Corn futures closed generally a penny higher, modestly
firming from the lows set last week. The stock market settled higher with the
Dow off 53 and the Nasdaq better by 40.
DTN

January 19, 2018 at 4:30pm DTN Chart Technical Points


DTN Chart Technical Points             01/19 16:30
DTN FUTURES  10       1/19/18                                   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    MAR 422.75 421.50 426.00 427.67 428.52 44.52 45.26 43.68  43  33 32 51
CBTWT    MAY 435.50 434.56 439.19 440.65 441.14 44.01 44.94 43.39  42  32 34 54
KC WT    MAR 427.50 426.50 431.69 431.11 428.88 45.79 47.29 45.59  33  24 39 60
KC WT    MAY 441.25 440.06 445.25 444.58 441.98 46.21 47.64 45.72  32  23 41 61
MN WT    MAR 608.50 610.56 619.36 619.13 623.01 33.64 38.46 41.80   8   9  8 43
MN WT    MAY 617.50 619.75 626.69 626.36 630.18 34.75 39.25 42.37   9  10  9 44
CORN     MAR 352.50 351.31 349.50 350.85 351.47 57.06 53.28 47.93  82  72 51 35
CORN     MAY 360.75 359.50 357.72 359.08 359.72 57.45 53.43 47.92  83  74 53 35
CORN     JUL 369.00 367.75 365.89 367.36 367.92 57.32 53.46 48.19  86  76 52 33
OATS     MAR 258.00 255.50 252.44 248.10 254.49 69.96 61.72 51.90  76  68 76 68
OATS     MAY 255.75 255.44 253.03 251.00 259.49 57.68 52.42 47.71  68  69 53 40
BEANS    MAR 977.25 971.75 964.78 965.10 982.23 60.99 54.02 48.90  90  88 64 36
BEANS    MAY 988.50 983.06 975.92 976.14 992.90 61.27 54.30 49.19  91  89 65 37
BEANS    JUL 998.25 992.69 985.42 985.971002.17 61.50 54.52 49.39  91  89 64 36
S MEAL   MAR 331.60 326.77 321.48 319.94 324.92 71.05 63.27 55.62  93  92 75 42
S MEAL   MAY 335.10 330.33 324.82 323.16 327.71 72.67 64.57 56.38  94  93 78 44
B OIL    MAR  32.28  32.45  32.98  33.19  33.62 27.74 33.20 39.79   6   8 13 33
B OIL    MAY  32.48  32.65  33.15  33.36  33.79 28.07 33.36 39.78   6   8 13 32
CATTLE   FEB 121.90 120.73 118.79 120.10 121.29 61.61 55.72 51.42  93  88 51 27
CATTLE   APR 122.72 122.34 120.58 121.47 122.45 57.80 54.03 51.19  89  88 52 29
FEEDER   JAN 147.95 147.65 146.12 146.24 148.17 56.56 52.76 49.26  85  80 60 46
FEEDER   MAR 145.60 145.67 143.73 143.41 145.88 56.60 53.00 49.43  81  81 65 50
HOGS     FEB  72.07  72.94  72.55  71.86  69.89 52.31 54.02 54.31  52  61 80 80
HOGS     APR  75.50  75.77  75.62  75.54  73.92 52.41 53.54 54.09  66  61 69 68
COTTON   MAR  83.42  82.40  81.12  79.70  75.53 75.81 73.52 69.38  63  58 75 80
COTTON   MAY  83.79  82.71  81.43  79.93  75.99 76.47 74.23 70.06  71  64 79 83
RICE     MAR  12.20  12.16  11.99  11.95  12.23 62.63 56.03 50.64  81  77 71 49
RICE     MAY  12.45  12.42  12.26  12.22  12.50 61.53 55.27 50.60  80  79 71 50

DTN

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

DTN