Market News

09/20 05:55 - DTN Early Word Grains

DTN Early Word Grains 09/20 05:55 Grains Green Paint Drying December corn was 1 cent higher, November soybeans were fractionally higher, and December Chicago (SRW) wheat was 2 cents higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was fractionally higher, November soybeans were 3-cents higher, and …

09/20 11:35 - DTN Midday Grain Comments

DTN Midday Grain Comments 09/20 11:35 All Grains Trading Higher at Midday Trade is lower across the board at midday in slow trade. By David Fiala DTN Contributing Analyst General Comments The U.S. stock market indices are mixed; the Dow futures are up 12. The interest rate products are mixed. The dollar index is 10 lower. En…

09/20 13:46 - DTN Closing Grain Comments

DTN Closing Grain Comments 09/20 13:46 "Unchanged" Was the Word of the Day Early afternoon saw the Federal Reserve announce no rate change in September, though leaving the door open for the next move to still occur in December. Delayed reactions were seen in the DJIA and U.S. dollar index, with the former falling and the latter rallying. Co…

09/20 15:35 - DTN Cattle Close/Trends

USDA MARKET NEWS--AFTERNOON CATTLE REPORT 09/20/17 VOLUME USDA TOTAL RANGE DTN PRACTICAL RANGE WT AVG KANSAS CONFIRMED CASH SALES - TODAY: 382 WEEK T0 DATE: 382 STEERS 382 106.50-106.75 106.50-106.75 106.62 HEIFERS No reportable trade NEBRASKA CONFIRMED CASH SA…

09/20 05:52 - DTN Early Word Opening Livestock

DTN Early Word Opening Livestock 09/20 05:52 Hog Futures Likely to Open Under Selling Pressure Lean hog contracts should open at least moderately lower, checked by sinking cash values and defensive product demand. The cattle complex seems set to open higher thanks to follow-through buying and optimism. By John Harrington DTN Livestock…

09/20 12:08 - DTN Midday Livestock Comments

DTN Midday Livestock Comments 09/20 12:08 Cattle Futures Surge Higher Midday Wednesday Strong triple-digit gains have quickly flooded into the cattle market. This buying momentum has quickly moved through feeder cattle and live cattle contracts with nearby live cattle futures flirting with limit higher trade. By Rick …

09/20 15:33 - DTN Closing Livestock Comment

DTN Closing Livestock Comment 09/20 15:33 Triple-Digit Gains Flooded Through Cattle Markets Midweek Buyer support quickly broke loose through the second half of the trading session Wednesday. This led to strong triple-digit gains seen in live cattle and feeder cattle markets. Even though neither market posted limit gains at closing bell, the m…

09/20 16:30 - DTN Chart Technical Points

DTN Chart Technical Points 09/20 16:30 DTN FUTURES 10 9/20/17 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 449.75 446.31 442.89 439.33 463.04 58.81 50.62 44.9…

- DTN Feeder Pig Index

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Quotes
 
@C - CORN - CBOT
  High Low Last Chg
Dec 351'0 349'2 350'6 0'6
Mar 363'4 361'6 363'2 0'6
May 371'6 370'4 371'4 0'4
 
@S - SOYBEANS - CBOT
  High Low Last Chg
Nov 972'2 967'0 968'6 -1'2
Jan 982'4 977'2 979'4 -1'0
Mar 991'6 986'4 988'4 -1'2
 
@W - WHEAT - CBOT
  High Low Last Chg
Dec 452'0 450'0 451'2 1'4
Mar 471'6 470'0 471'2 1'4
May 485'2 483'2 485'2 2'0
 
@LE - LIVE CATTLE - CME
  High Low Last Chg
Oct 110.975 107.775 110.925 2.975
Dec 116.400 113.025 116.025 2.850
 
@HE - LEAN HOGS - CME
  High Low Last Chg
Oct 59.600 58.475 58.675 -1.475
Dec 60.100 58.725 60.025 0.200

 
Copyright DTN. All rights reserved. Disclaimer.
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September 20, 2017 at 5:55am DTN Early Word Grains


DTN Early Word Grains         09/20 05:55
   Grains Green Paint Drying

   December corn was 1 cent higher, November soybeans were fractionally higher,
and December Chicago (SRW) wheat was 2 cents higher.

By Darin Newsom
DTN Senior Analyst

6:00 a.m. CME Globex:   December corn was fractionally higher, November
soybeans were 3-cents higher, and December Chicago (SRW) wheat was 1 cent
higher.

CME Globex Recap:   Trade in grain and oilseed markets overnight, while mostly
to the upside, was like watching paint dry. Corn posted less than a 2-cent
range, wheat moved less than 3 cents, and soybeans couldn't establish a 6-cent
range through early Wednesday morning. Outside markets were mostly higher, with
light pressure in both DJIA futures and the U.S. dollar index ahead of the
conclusion of the Federal Reserve's 2-day meeting and subsequent announcements
Wednesday afternoon.

OUTSIDE MARKETS:   The Dow Jones Industrial Average closed 39.45 points (0.2%)
higher at 22,370.80, the NASDAQ Composite gained 6.68 points (0.1%) to
6,461.32, and the S&P 500 gained 2.78 points (0.1%) to 2,506.65 Tuesday. DJIA
futures were 2 points lower early Wednesday morning. Asian markets closed
mostly higher with Japan's Nikkei up 11.08 points, Hong Kong's Hang Seng gained
76.39 points (0.3%), and China's Shanghai Composite added 9.15 points (0.3%).
European markets were trading mixed with London's FTSE 100 up 0.78 point,
Germany's DAX down 6.21 points, and France's CAC 40 gaining 6.63 points (0.1%).
The euro was 0.0013 higher at 1.2007 while the U.S. dollar index slipped 0.16
to 91.68. December 30-year T-Bonds were 8/32 higher at 154'12 while December
gold added $8.20 to $1,318.80. Crude oil was $0.54 higher at $50.02 while Brent
crude gained $0.49 to $55.63. China's Dalian soybean futures were lower and
Malaysian palm oil futures were mostly higher overnight.
DTN

September 20, 2017 at 11:35am DTN Midday Grain Comments


DTN Midday Grain Comments     09/20 11:35

   All Grains Trading Higher at Midday

   Trade is lower across the board at midday in slow trade.

By David Fiala
DTN Contributing Analyst

 General Comments

   The U.S. stock market indices are mixed; the Dow futures are up 12. The 
interest rate products are mixed. The dollar index is 10 lower. Energies are 
mostly higher with crude up 85. Livestock trade has cattle higher and hogs 
mixed. Precious metals are higher with gold up $5.

   CORN

   Corn trade is 1 to 2 cents higher at midday and we have been up 3 cents. In 
the big picture the trade looks comfortable trading within the range of the 
USDA report day last week. Next Friday we will have the quarterly grain stocks 
report. The weekly EIA numbers listed ethanol production 1.34% lower on the 
week with stocks 0.03% higher. Gasoline demand was off 1.82%. Ethanol margins 
movement is not good today with ethanol down a penny and corn up 1 to 2 cents 
at midday. Harvest should continue to make progress with warmer near term 
weather before a potential shift cooler and wetter next week. Basis has been 
fairly steady this week. On the December chart support is at the $3.44 1/4 
August low with resistance at $3.53, where we find the 10-day and 20-day moving 
averages, which are also the lowest major moving averages. The technical trend 
remains down with trade below all major moving averages and trade is not 
currently oversold. Market bulls argue this is old news and we have not slipped 
further at this juncture.

   SOYBEANS

   Soybean trade is 3 to 4 cents higher at midday; meal is $1.50 higher and 
soybean oil is up around 10 points. The trading range has been a dime and 
mostly positive for beans with November continuing to find selling interest in 
the $9.75-$9.80 area. South America looks to remain mostly dry near term with 
major planting progress just around the corner with improved rains for Brazil 
expected next week. The export news is expected to remain positive but buyers 
may be starting to back off and wait for lower prices during the US harvest. On 
the November chart support was at the 10-day at $9.65 is once again support 
with the bounce back late yesterday with the 20-day at $9.56 below that, with 
the 200-day at $9.79 3/4 major resistance. 

   WHEAT

   Wheat trade is 2 to 3 cents higher at midday. Wheat trade is trying to work 
back to the upper end of the range with follow-through buying after the late 
rally yesterday. Australia continues to see some struggles as the crop emerges 
from dormancy, while the large Russian crop will continue to keep pressure on 
the ability of the US to compete on the world market. Canadian production 
estimates yesterday left the sharp decline in wheat production intact. Egypt is 
starting to look around for cargoes again. On the December Kansas City contract 
we slipped below the 20-day at $4.38 with longer term support the $4.20 
contract lows with resistance at the recent high at $4.51 3/4, with the 50-day 
at 4.72 above that.

   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

September 20, 2017 at 1:46pm DTN Closing Grain Comments


DTN Closing Grain Comments    09/20 13:46
   "Unchanged" Was the Word of the Day

   Early afternoon saw the Federal Reserve announce no rate change in
September, though leaving the door open for the next move to still occur in
December. Delayed reactions were seen in the DJIA and U.S. dollar index, with
the former falling and the latter rallying. Corn finished Wednesday's session
near where it ended overnight trade, with soybeans only slightly higher than
before.
DTN

September 20, 2017 at 3:35pm DTN Cattle Close/Trends






                 USDA MARKET NEWS--AFTERNOON CATTLE REPORT    09/20/17

          VOLUME    USDA TOTAL RANGE   DTN PRACTICAL RANGE  WT AVG
   
KANSAS    CONFIRMED CASH SALES - TODAY:     382   WEEK T0 DATE:     382
STEERS    382         106.50-106.75       106.50-106.75       106.62
HEIFERS   No reportable trade

NEBRASKA  CONFIRMED CASH SALES - TODAY:       0   WEEK TO DATE:     313
STEERS    No reportable trade
HEIFERS   No reportable trade

TEXAS     CONFIRMED CASH SALES - TODAY:     254   WEEK TO DATE:     254
STEERS    254         106.75-106.75       106.75-106.75       254
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:       0    WEEK TO DATE:     57
STEERS    No reportable trade
HEIFERS   No reportable trade

COMMENTS: A very quiet day in the country today with all the sales 
listed above coming from the FCE Auction.

5-AREA LV STR AVE PR&WT: $No Test        HIDE&OFFAL: $10.54 -0.09 
CARCASS EQV INDEX   CHOICE (600-900#)   SELECT (600-900#)    #OF HD
  LIVE BASED           156.83              152.41              76,670
  BOX BASED            180.04              176.52              56,752
  AVE INDEX            168.43  +0.05       164.46  -0.07      133,422
BEEF CUTOUTS        CHOICE (600-900#)   SELECT (600-900#)
                        192.04  -0.07       188.52  -0.31
  72.58 LDS CH CUTS / 28.40 LDS SEL CUTS / 37.06 LDS TRIM / 38.22 LDS GROUND
BOXED BEEF TREND: Steady to weak on light to moderate demand and offerings
COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 09/15 $193.31 -0.37
 CUTTER 90%  350# UP C/O: $176.55 +$2.91
 NAT'L BONELESS BF TRIM:  36.89 lds / Modly/shrply hr on mod dem & hvy offers
 90% TRIM:  08 lds: Wtd Avg $224.41 / Sharply higher
*ABCDE AFTER QUOTE REPRESENTS DAYS SINCE LAST REPORTED MARKET TEST*.
FI KILL(WTD) WED 116(346) WK AGO 117(350) YR AGO 114(340) MIX: TUE SH95/CB23
                      WEEKLY CANADIAN CATTLE IMPORTS.
                         FEEDERS     SLAUGHTER S&H
Week Ending:  09/09/17      754        7,686
Week Ending:  09/02/17    2,232        6,267
Change from prev week:   -1,478       +1,419

DTN

September 20, 2017 at 5:52am DTN Early Word Opening Livestock


DTN Early Word Opening Livestock       09/20 05:52
   Hog Futures Likely to Open Under Selling Pressure

   Lean hog contracts should open at least moderately lower, checked by sinking
cash values and defensive product demand. The cattle complex seems set to open
higher thanks to follow-through buying and optimism.

By John Harrington
DTN Livestock Analyst



Cattle: Steady-$2 HR   Futures: 25-50 HR    Live Equiv $130.83  + .09 *
Hogs:   $1-2 LR        Futures: 50-100 LR   Lean Equiv $ 81.59  -1.77 **

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

GENERAL COMMENTS:

   Though feedlot country could see a few preliminary bids Wednesday, we don't
expect to see enough agreement between buyers and sellers in order to generate
a real market set until Thursday or Friday. Perhaps FCE business later
Wednesday will give us more direction. Look for these results to be posted on
the cash cattle page as soon as possible. Live and feeder futures should open
moderately higher, supported by residual buying and some degree of cash
optimism.
DTN

September 20, 2017 at 12:08pm DTN Midday Livestock Comments


DTN Midday Livestock Comments          09/20 12:08

   Cattle Futures Surge Higher Midday Wednesday         

   Strong triple-digit gains have quickly flooded into the cattle market. This 
buying momentum has quickly moved through feeder cattle and live cattle 
contracts with nearby live cattle futures flirting with limit higher trade.  

By Rick Kment
DTN Analyst

GENERAL COMMENTS: 

   Sharp gains have quickly developed in all cattle futures with nearby live 
cattle futures holding gains over $2 per cwt. Feeder cattle futures continue to 
be the driving force in the cattle market as aggressive buyer interest is 
moving into the market with little seller resistance. This has pushed nearby 
contracts above $155 per cwt with traders focused on potential follow-through 
support moving into the market. Corn prices are higher in light trade. December 
corn futures are 2 cents higher. Stock markets are mixed in light trade. The 
Dow Jones is 23 points higher while Nasdaq is down 3 points.

   LIVE CATTLE:

   Has quickly broken out of the narrow trading range seen over the last couple 
of days as aggressive buying in feeder cattle futures has sparked aggressive 
long-term support across nearby live cattle futures. October and December 
contracts are holding gains of $2 per cwt at midday as long term support 
continues to move into all nearby contracts. Deferred futures have posted 
limited gains, but the support has grown significantly from midmorning with 
current price gains of 70 to 90 cents per cwt. Cash bids are starting to 
develop in all areas Wednesday morning although the overall tone of the market 
remains sluggish given that current bids are not likely to gain much attention 
over the next couple of days. Bids are seen at $104 live basis and $165 
dressed. Asking prices remain firm at $108 to $109 live basis while dressed 
asking prices are seen from $170 to $172 per cwt given the support in futures 
trade. The Fed Cattle Exchange Auction report today listed a total of 1,450 
head, with 636 actually sold, 440 head listed as unsold, and 374 head listed as 
PO. The state by state breakdown looks like this: KS 608 total head, with 382 
head sold at $106.50-$106.75, 0 head unsold, 226 head listed as PO ($106.00); 
NE 300 total head, with 0 head sold, 300 head unsold, and 0 head listed as PO; 
TX 542 total head, with 254 head sold at $106.75, 140 head unsold, and 148 head 
listed as PO ($106.50); CO no cattle listed; IA no cattle listed; other states 
no cattle listed. The delivery date/weighted averages breakdown is as listed: 
1-9 day delivery: 1,150 head total, 636 head sold, with a weighted average 
price of $106.67; 1-17 day delivery 97 head total, no sales; 10-17 day delivery 
0 head total; 17-30 day delivery 203 head total, no sales. Beef cut-outs at 
midday are lower, $0.20 lower (select) and down $0.13 per cwt (choice) with 
active movement of 124 total loads reported (48 loads of choice cuts, 14 loads 
of select cuts, 29 loads of trimmings, 33 loads of ground beef). 

   FEEDER CATTLE:

   Sharp midday gains have flooded back into the feeder cattle futures complex 
with October and November contracts leading the market higher with gains of 
$2.50 to $3 per cwt higher. This has helped to break through additional short 
term resistance levels as active buyer support floods back into the market 
uninhibited by what is still considered to be strong supply levels over the 
next several months. There continues to be increased long-term buyer focus as 
nearby contracts have moved above $155 per cwt and attempts to find even more 
support through the end of September. 

   LEAN HOGS:

   Strong early losses have been replaced by mixed market direction late 
morning as initial selling pressure has quickly slowed in nearby contracts. 
Front month October continue to hold firm market pressure with prices $1 per 
cwt lower based on generally light trade in the spot month contract. But 
moderate buyer support has quickly moved into other nearby contracts with 
prices steady to 40 cents per cwt higher at midday. This could help to draw 
additional trade volume back into the market over the near future. Cash prices 
are lower on the National Direct morning cash hog report. The weighted average 
price fell $0.67 at $50.40 per cwt with the range from $46.00 to $52.00 on 
7,726 head reported sold. Cash prices are lower on the Iowa/Minnesota Direct 
morning cash hog report. The weighted average price fell $0.35 at $50.75 per 
cwt with the range from $46.00 to $52.50 on 4,077 head reported sold. The 
National Pork Plant Report reported 287 loads selling with prices gaining $0.85 
per cwt. Lean hog index for 9/18 is at $61.88 down $0.94 with a projected 
two-day index of $60.92, down 0.96.

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


(BE)

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

DTN

September 20, 2017 at 3:33pm DTN Closing Livestock Comment


DTN Closing Livestock Comment 09/20 15:33
   Triple-Digit Gains Flooded Through Cattle Markets Midweek

   Buyer support quickly broke loose through the second half of the trading
session Wednesday. This led to strong triple-digit gains seen in live cattle
and feeder cattle markets. Even though neither market posted limit gains at
closing bell, the market in some nearby contracts came within pennies per cwt
of trading limits.

By Rick Kment
DTN Livestock Analyst



   GENERAL COMMENTS

   Cash cattle trade in feedlot country remains quiet at this point Wednesday
afternoon. But active bids have developed through the day with live bids seen
at $104 per cwt while dressed bids are at $165 per cwt. Packer interest still
remains light given the overall outside market support. Asking prices have
firmed through the day due to the sharp gains in futures prices. Live cattle
are showing asking prices of $110 to $111 per cwt, while dressed asking prices
are much less defined, but expected to be seen from $172 to $175 per cwt. The
Fed Cattle Exchange Auction report today listed a total of 1,450 head, with 636
actually sold, 440 head listed as unsold and 374 head listed as PO. The state
by state breakdown looks like this: KS 608 total head, with 382 head sold at
$106.50-$106.75, 0 head unsold, 226 head listed as PO ($106.00); NE 300 total
head, with 0 head sold, 300 head unsold, and 0 head listed as PO; TX 542 total
head, with 254 head sold at $106.75, 140 head unsold, and 148 head listed as PO
($106.50); CO no cattle listed; IA no cattle listed; other states no cattle
listed. The delivery date/weighted averages breakdown is as listed: 1-9 day
delivery: 1,150 head total, 636 head sold, with a weighted average price of
$106.67; 1-17 day delivery 97 head total, no sales; 10-17 day delivery 0 head
total; 17-30 day delivery 203 head total, no sales. According to the closing
report, the national hog base is $0.90 lower compared with the Prior Day
settlement ($45.50-$52.00) weighted average $51.75.The corn futures moved
higher in light activity. December futures were 2 cents higher Wednesday. The
Dow Jones Index is 26 points higher with the Nasdaq down 6 points.
DTN

September 20, 2017 at 4:30pm DTN Chart Technical Points


DTN Chart Technical Points             09/20 16:30
DTN FUTURES  10       9/20/17                                   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 449.75 446.31 442.89 439.33 463.04 58.81 50.62 44.96  67  72 81 62
CBTWT    MAR 469.75 466.38 463.03 460.51 484.47 58.45 49.79 44.48  71  73 79 57
KC WT    DEC 448.00 444.56 442.50 439.24 463.77 56.32 48.85 43.86  61  64 75 62
KC WT    MAR 466.00 462.31 460.08 456.97 481.59 56.67 49.14 44.11  62  64 75 61
MN WT    DEC 621.50 620.63 632.14 640.79 687.72 29.91 31.96 40.19  13  11  6 13
MN WT    MAR 634.25 634.00 644.53 651.43 691.76 30.76 33.04 41.14  12  11  7 15
CORN     DEC 350.00 351.13 352.89 353.47 368.21 39.20 39.30 41.23  35  48 35 34
CORN     MAR 362.50 363.63 365.25 366.00 380.27 39.43 39.54 41.51  36  49 34 33
CORN     MAY 371.00 372.13 373.53 373.86 386.87 40.74 40.68 42.21  38  52 41 39
OATS     DEC 246.25 240.56 237.61 239.17 260.08 61.09 50.53 46.79  76  67 30 20
OATS     MAR 252.25 247.25 244.86 246.00 263.41 61.09 51.32 48.02  76  65 35 23
BEANS    NOV 970.00 968.00 964.56 957.79 964.83 58.75 55.63 51.76  65  72 82 76
BEANS    JAN 980.50 978.38 974.78 967.64 973.92 59.51 56.23 52.15  66  73 83 77
BEANS    MAR 989.75 987.44 983.44 976.53 981.23 60.56 57.08 52.82  70  75 85 78
S MEAL   OCT 306.30 307.08 304.38 301.79 307.36 55.73 53.09 49.41  63  75 77 70
S MEAL   DEC 310.10 310.70 307.79 304.91 310.18 56.98 54.10 50.10  64  75 79 73
B OIL    OCT  34.67  34.49  34.68  34.79  34.30 50.85 52.41 53.76  36  27 45 57
B OIL    DEC  34.91  34.73  34.93  35.04  34.53 50.66 52.35 53.79  35  26 45 58
CATTLE   OCT 110.95 108.56 107.73 106.83 109.28 71.18 61.67 52.25  80  68 69 57
CATTLE   DEC 116.25 113.86 113.04 111.45 112.08 74.06 65.99 56.30  85  72 86 82
FEEDER   SEP 153.98 151.64 149.81 146.67 146.35 80.74 70.26 58.68  93  90 96 95
FEEDER   OCT 157.27 153.17 150.98 147.50 146.32 85.10 74.89 61.94  96  91 96 95
HOGS     OCT  58.65  59.94  60.17  61.08  64.57 33.72 35.32 38.67  44  51 19 14
HOGS     DEC  59.92  59.04  58.23  58.27  60.28 58.36 53.23 48.92  90  76 49 28
COTTON   OCT  70.04  70.14  71.15  71.93  70.58 39.99 44.57 47.47  39  28 23 34
COTTON   DEC  69.25  69.27  70.12  71.12  69.72 39.93 44.66 47.66  42  26 23 30
RICE     NOV  12.81  12.82  12.81  12.78  12.61 53.16 54.83 57.14  48  49 67 71
RICE     JAN  13.06  13.07  13.05  13.02  12.83 54.59 55.99 58.08  49  50 66 69

DTN

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

DTN