Market News

07/17 06:06 - DTN Early Word Grains

DTN Early Word Grains 07/17 06:06 Row Crops Show Stress, Start Higher Tuesday December corn was up 3 1/4 cents, November soybeans were up 4 cents, and September Kansas City (HRW) wheat was up 6 1/4 cents. By Todd Hultman DTN Analyst 6:00 a.m. CME Globex: December corn was up 3 1/4 cents, November soybeans were up 4 cents, and S…

07/16 11:38 - DTN Midday Grain Comments

DTN Midday Grain Comments 07/16 11:38 Soybeans Leading Grains at Midday Soybeans are posting double-digit gains at midday, corn is flat, and wheat is weaker. By David Fiala DTN Contributing Analyst General Comments The U.S. stock market indices are mixed with the Dow up 5. The interest rate products are firmer. The dollar…

07/16 13:45 - DTN Closing Grain Comments

DTN Closing Grain Comments 07/16 13:45 Soybeans Higher, Wheat Lower on Quiet Day November soybeans gained 11 1/2 cents Monday while September K.C. wheat was down 8 1/2 cents in a quiet day of trading that also saw December corn inch up a half-cent. NOPA's soybean crush estimate of 159.2 million bushels for June was up 15% from a year ago. …

07/17 08:20 - DTN Cattle Prices/Trends

DTN CATTLE PRICES/TRENDS 07/17 08:20 HEAD SOLD LIVE STEERS DRESSED LIVE HEIFERS DRESSED KANSAS . . . . . NEBRASKA . . . . . TEXAS . . . . . COLORADO . . …

07/17 05:54 - DTN Early Word Opening Livestock

DTN Early Word Opening Livestock 07/17 05:54 Meat Futures Set for Mixed Opening With Nearby Gaining on Deferreds Live and feeder contracts should open unevenly with nearbys gaining on deferreds. Lean hog issues should also start out on a mixed note with new spot August supported somewhat by the premium status of the cash index. By John…

07/16 11:54 - DTN Midday Livestock Comments

DTN Midday Livestock Comments 07/16 11:54 Sharp Gains Sweep Through Cattle Trade The overall support in cattle markets has taken the entire complex by surprise as live cattle futures have moved from sluggishly traded to strong triple-digit gains during late-morning activity. By Rick Kment DTN Analyst GENERAL COMMENTS:…

07/16 16:51 - DTN Closing Livestock Comment

DTN Closing Livestock Comment 07/16 16:51 Cattle Launch Week With Sharply Higher Prices Live and feeder contracts closed sharply higher Monday, supported by large cash premiums and aggressive sort covering. Lean hog issues settled lower with fourth quarter prices losing more ground to nearbys and far deferreds. By John Harrington DTN Livest…

07/16 16:30 - DTN Chart Technical Points

DTN Chart Technical Points 07/16 16:30 DTN FUTURES 10 7/16/18 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 SEP 488.50 485.44 494.83 493.93 515.11 45.83 45.50 46.6…

07/03 - US Direct Feeder Pigs

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Quotes
 
@C - CORN - CBOT
  High Low Last Chg
Sep 346'4 344'2 344'4 2'6
Dec 360'0 357'6 357'6 2'4
Mar 371'4 369'6 369'6 2'4
 
@S - SOYBEANS - CBOT
  High Low Last Chg
Aug 842'6 831'4 831'4 2'0
Sep 848'2 837'6 838'0 2'6
Nov 858'4 847'0 847'0 1'2
 
@W - WHEAT - CBOT
  High Low Last Chg
Sep 497'4 487'6 493'6 5'2
Dec 512'0 502'6 508'2 4'2
Mar 525'2 518'0 522'2 3'2
 
@LE - LIVE CATTLE - CME
  High Low Last Chg
Aug 107.525 106.775 106.900 - 0.025
Oct 109.175 108.750 108.875 0.225
 
@HE - LEAN HOGS - CME
  High Low Last Chg
Aug 69.725 69.125 69.200
Oct 54.325 53.625 53.675 -0.325

 
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July 17, 2018 at 6:06am DTN Early Word Grains


DTN Early Word Grains         07/17 06:06
   Row Crops Show Stress, Start Higher Tuesday

   December corn was up 3 1/4 cents, November soybeans were up 4 cents, and
September Kansas City (HRW) wheat was up 6 1/4 cents.

By Todd Hultman
DTN Analyst

6:00 a.m. CME Globex:   December corn was up 3 1/4 cents, November soybeans
were up 4 cents, and September Kansas City (HRW) wheat was up 6 1/4 cents.

CME Globex Recap:   Outside stock markets are mixed to a little higher,
Treasury yields are unchanged and the U.S. dollar index is quiet. Most
commodities are higher early Tuesday, including grains after USDA showed a
small reduction in crop conditions for row crops.

OUTSIDE MARKETS:   Previous closes on Monday showed the Dow Jones Industrial
Average up 44.95 points at 25,064.36 and the S&P 500 down 2.88 points at
2,798.43 while the 10-year Treasury yield ended at 2.86%. Early Tuesday, DJIA
futures were down 22 points. Asian markets are mixed with Japan's Nikkei 225 up
100.01 (0.4%) and China's Shanghai Composite down 15.92 (-0.6%). European
markets are a little higher with London's FTSE 100 up 8.72 points (0.1%),
Germany's DAX up 9.38 points (0.1%), and France's CAC 40 up 2.77 points (0.1%).
The euro was up .0016 and the U.S. dollar index was up 0.13 at 94.15. September
30-year T-Bonds were down 2/32nds while August gold was up $3.50 at $1,243.20
and August crude oil was down $0.01 at $68.05. Soybeans on China's Dalian
Exchange were a little higher and Malaysian palm oil futures were down 0.1%.
DTN

July 16, 2018 at 11:38am DTN Midday Grain Comments


DTN Midday Grain Comments     07/16 11:38

   Soybeans Leading Grains at Midday

   Soybeans are posting double-digit gains at midday, corn is flat, and wheat 
is weaker. 

By David Fiala
DTN Contributing Analyst

 General Comments

   The U.S. stock market indices are mixed with the Dow up 5. The interest rate 
products are firmer. The dollar index is 20 points lower. Energies are weaker 
with crude down 2.65. Livestock trade is mixed with cattle leading. Precious 
metals are weaker with gold down $2.20.

   CORN

   Corn trade is flat at midday with two-sided trade so far with generally 
positive trade during the day session. Cooler weather looks to hang around the 
next couple weeks. Ethanol board margins remain positive with some pressure 
from crude with ethanol futures edging higher to narrow blender margins. Corn 
basis has been flat to firmer in recent days with the lower board. The weekly 
export inspections were on the lower end of the range at 1.217 million metric 
tons. The weekly crop progress report is expected to show slightly lower 
conditions and maturity well ahead of normal. On the September chart we remain 
below the 10-day at $3.48, with the 20-day at $3.55 the next round up. Support 
is the fresh low of $3.37 scored yesterday with the lower Bollinger Band at 
$3.38 above that. 

   SOYBEANS

   Soybean trade is finding good short covering this morning with soybeans 12 
to 16 cents higher at midday after fresh lows overnight. Meal is $6 to $7 
higher and oil 25 to 35 points lower. Brazil remains at a stout premium to US 
origin, which is compounded by the ongoing logistics issues with Brazil with 
premiums around $1.90 right now. Bean basis has remained steady with processors 
taking the lead. The daily export wire has remained quiet. Weather shouldn't be 
a major driver near term for soybeans but podfill will be here soon. Weekly 
export inspections were good seasonally at 635,429 metric tons. Weekly crop 
progress is expected to show slightly lower conditions with maturity well above 
normal. On the August chart, the 10-day at $8.43 is again the first level of 
resistance which we are still below at midday with further support the lower 
Bollinger Band at 8.11 with the next level resistance the 20-day at 8.63.

   WHEAT

   Wheat trade is 4 to 8 cents lower at midday with trade struggling again to 
open the week. Harvest progress should continue to push along with the 
homestretch ongoing for the plains. Spring wheat should see good progress with 
Canada with drier weather showing up again. Russian harvest continues to move 
along as well with production estimates dropping another 3 million metric tons. 
HRW basis has remains solid through harvest with the better protein with 
offered premiums declining. The weekly export inspections improved at 469,523 
metric tons. Weekly crop progress is expected to show winter wheat harvest past 
70%, with spring conditions steady with conditions above normal. On the 
September chart, Kansas City was able to finish last week just below the 10-day 
moving average at $4.90 with the 20-day the next resistance at $4.93.

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


(BAS)

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

DTN

July 16, 2018 at 1:45pm DTN Closing Grain Comments


DTN Closing Grain Comments    07/16 13:45
   Soybeans Higher, Wheat Lower on Quiet Day

   November soybeans gained 11 1/2 cents Monday while September K.C. wheat was
down 8 1/2 cents in a quiet day of trading that also saw December corn inch up
a half-cent. NOPA's soybean crush estimate of 159.2 million bushels for June
was up 15% from a year ago.
DTN

July 17, 2018 at 8:20am DTN Cattle Prices/Trends




DTN CATTLE PRICES/TRENDS               07/17 08:20

      HEAD SOLD LIVE  STEERS  DRESSED        LIVE  HEIFERS DRESSED 
KANSAS     .    .             .              .             .    
NEBRASKA   .    .             .              .             .          
TEXAS      .    .             .              .             .             
COLORADO   .    .             .              .             . 
IOWA       .    .             .              .             .           
                               *PRIVATE SOURCES     
    
DTN COMMENTS:  The country is very quiet this morning with bids and asking 
prices not yet established. Significant trade volume will likely be delayed 
until Wednesday or later. Beef cutouts are expected to be lower, with light 
to moderate box movement. 

NOTE:  Feedlots are encouraged to call DTN with any cattle sales, at
1-800-369-7675, 1-402-399-6402, or 1-402-462-8897. All sales will be listed 
anonymously and organized by state. All live sales are FOB and set for 1-9 
day delivery. General trends and summaries from this data will also be 
posted on the Daily Sales Reported to DTN page.

DTN

July 17, 2018 at 5:54am DTN Early Word Opening Livestock


DTN Early Word Opening Livestock       07/17 05:54
   Meat Futures Set for Mixed Opening With Nearby Gaining on Deferreds

   Live and feeder contracts should open unevenly with nearbys gaining on
deferreds. Lean hog issues should also start out on a mixed note with new spot
August supported somewhat by the premium status of the cash index.

By John Harrington
DTN Livestock Analyst



Cattle: Steady         Futures: Mixed   Live Equiv:  $135.51  - .32*
Hogs:   Steady-$1 LR   Futures: Mixed   Lean Equiv:  $ 88.55  - .45**

* 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 a typically quiet day in feedlot country with both bids and asking
prices poorly defined. We don't expect to see many hints of cash potential
before midweek. Live and feeder futures should open on a mixed basis with
nearby issues better supported than deferreds.
DTN

July 16, 2018 at 11:54am DTN Midday Livestock Comments


DTN Midday Livestock Comments          07/16 11:54

   Sharp Gains Sweep Through Cattle Trade    

   The overall support in cattle markets has taken the entire complex by 
surprise as live cattle futures have moved from sluggishly traded to strong 
triple-digit gains during late-morning activity.   

By Rick Kment
DTN Analyst

GENERAL COMMENTS: 

   Sharp triple-digit gains have quickly sparked widespread interest through 
the entire cattle complex. This has pushed front-month live cattle trade to 
$2.80 per cwt gains, with increased overall support seen in all nearby contract 
months. Lean hog futures are moderately lower with traders slowly backing away 
from late-week gains. Corn prices are mixed in light trade Friday. July corn 
futures are 1/4 cent lower. Stock markets are mixed in light trade. The Dow 
Jones is 11 points higher while Nasdaq is down 5 points.

   LIVE CATTLE:

   Sharp gains have flooded into live cattle futures late-morning Monday. This 
has pushed front-month August futures to a $2.80 per cwt rally near midday with 
some traders now looking for the potential to lock trade activity into 
limit-higher moves through the rest of the session. The support in the market 
has been extremely recent, as very limited support was seen through the first 
hour of trade. Even though no direction shifts have been seen in market 
fundamentals, the support of renewed technical buyer activity could help to 
offset pressure seen last week as traders look for firming short-term gains. 
This focus could help to drive commercial and investment traders back into the 
market over the near term, with traders also looking at long-term support based 
on supply issues expected to be seen in the beef market through the upcoming 
year. Cash cattle markets are still undeveloped following light trade seen at 
the end of last week. Asking prices and bids are still undefined, and likely 
will remain that way until Tuesday or later. Even though packers are expected 
to remain short bought, active trade is not expected until the second half of 
the week. Boxed Beef cut-outs at midday are mixed, $0.77 Higher (select) and 
down $0.30 per cwt (choice) with light movement of 55 total loads reported (28 
loads of choice cuts, 10 loads of select cuts, 7 loads of trimmings, 10 loads 
of ground beef). 

   FEEDER CATTLE:

   Feeder cattle futures have found additional buyer support late morning 
Monday with traders trying to chase the live cattle complex higher. The early 
market losses have quickly been offset by triple-digit gains in nearby contract 
months. The overall support in the complex continues to spark some increased 
buyer activity, and push front-month August futures $1.80 per cwt higher. 
Overall trade volume remains light, which is creating the concern that recent 
gains may not be able to hold through the end of the session, but as of now, 
traders are focused on regaining support in all cattle markets. 

   LEAN HOGS:

   Limited pressure is slowly moving into the lean hog complex with July and 
August futures holding losses of 20 to 22 cents per cwt with very limited 
support seen through the entire complex. There is growing uncertainty that 
additional buyers will be willing to move back into the market, even though 
prices shifted higher late last week and cash markets are focusing on 
establishing a sense of stability through the next couple of weeks. Cash prices 
are unreported due to confidentiality on the National Direct morning cash hog 
report. Cash prices are unreported due to confidentiality on the Iowa/Minnesota 
Direct morning cash hog report. The National Pork Plant Report posted 145 loads 
selling with carcass values falling $0.08 per cwt. Lean hog index for 7/12 is 
at $80.91 down 0.35 with a projected two-day index of $80.34, down 0.57.

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


(SK)

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

DTN

July 16, 2018 at 4:51pm DTN Closing Livestock Comment


DTN Closing Livestock Comment 07/16 16:51
   Cattle Launch Week With Sharply Higher Prices

   Live and feeder contracts closed sharply higher Monday, supported by large
cash premiums and aggressive sort covering. Lean hog issues settled lower with
fourth quarter prices losing more ground to nearbys and far deferreds.

By John Harrington
DTN Livestock Analyst



   GENERAL COMMENTS

   The cash cattle trade was typically quiet for a Monday as packers focused
exclusively on the collection of new showlists. The midmonth offering looks
mixed, smaller in Texas and larger in Kansas, Nebraska and Colorado. Overall,
ready numbers appear to be about steady with last week. According to the
closing report, the national hog base is $1.18 lower compared with the prior
day settlement ($66.00 to $74.00, weighted average $73.08). Corn futures
finished 1/2 cent to 2 cents higher with deferreds outperforming nearbys. The
stock market closed mixed with the Dow up 44 and the Nasdaq off by 20.
DTN

July 16, 2018 at 4:30pm DTN Chart Technical Points


DTN Chart Technical Points             07/16 16:30
DTN FUTURES  10       7/16/18                                   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    SEP 488.50 485.44 494.83 493.93 515.11 45.83 45.50 46.63  45  31 21 25
CBTWT    DEC 504.00 502.06 511.06 510.38 534.33 44.68 44.38 45.76  41  30 18 23
KC WT    SEP 484.50 482.88 492.50 490.35 525.58 43.77 43.04 44.26  36  29 17 24
KC WT    DEC 509.00 507.44 515.75 513.58 549.44 44.06 43.11 44.22  37  30 19 24
MN WT    SEP 528.25 529.00 538.06 542.82 584.44 34.20 33.48 35.83  20  17  8 16
MN WT    DEC 546.00 547.19 555.61 559.63 597.81 34.02 33.52 35.89  20  17  9 17
CORN     SEP 341.75 342.19 348.33 354.17 379.23 34.20 33.90 36.11  27  21  9 12
CORN     DEC 355.25 355.63 361.33 366.57 390.57 35.20 34.70 36.66  29  24 10 14
CORN     MAR 367.25 367.44 372.53 377.04 400.03 36.43 35.65 37.25  31  24 11 15
OATS     SEP 231.50 235.38 236.78 237.58 242.33 33.77 38.08 42.73  38  33 36 42
OATS     DEC 237.00 239.94 240.58 240.25 246.23 40.40 42.21 43.99  47  39 38 40
BEANS    AUG 829.50 828.75 843.47 860.06 940.46 32.42 30.35 31.65  20  17  9 10
BEANS    SEP 835.25 834.19 848.97 865.61 945.00 32.60 30.52 31.73  19  16  9 10
BEANS    NOV 845.75 844.38 859.50 876.04 953.20 33.09 31.07 32.23  20  17  9 10
S MEAL   AUG 329.10 329.13 329.93 331.41 352.82 41.64 38.27 38.61  25  29 25 24
S MEAL   SEP 328.30 328.52 329.66 331.40 352.77 40.53 37.55 38.21  24  28 16 17
B OIL    AUG  27.64  28.08  28.50  28.84  30.07 21.10 24.71 30.99  15  19 19 26
B OIL    SEP  27.76  28.19  28.60  28.95  30.21 20.82 24.47 30.89  16  20 17 24
CATTLE   AUG 106.93 105.09 105.68 105.29 103.81 60.36 57.62 53.82  56  38 57 62
CATTLE   OCT 108.65 107.47 108.46 108.29 106.81 54.08 53.32 51.68  49  32 48 57
FEEDER   AUG 152.38 150.88 151.60 149.96 146.53 61.56 60.14 56.83  64  49 73 77
FEEDER   SEP 152.45 150.98 151.69 150.24 146.91 62.21 60.66 57.14  66  50 71 75
HOGS     JUL  79.75  79.86  80.84  80.69  79.69 42.87 47.03 49.70  21  15 29 40
HOGS     AUG  69.20  69.64  72.07  73.60  75.72 30.87 34.53 39.54  20  15  8 11
COTTON   OCT  88.88  88.06  86.50  85.93  87.54 59.23 55.95 55.01  86  83 48 32
COTTON   DEC  87.77  87.17  85.53  84.90  86.46 59.12 56.08 55.52  82  83 48 32
RICE     SEP  12.05  11.96  11.92  11.44  11.31 71.27 65.85 57.73  67  61 90 92
RICE     NOV  11.89  11.81  11.78  11.34  11.35 70.09 64.07 56.22  66  61 91 93

DTN

July 03, 2018 at 12:00am US Direct Feeder Pigs

DTN