18 Sep 2024
DTN Closing Livestock Comment 09/18 16:00 Live Cattle and Lean Hogs Celebrate a Higher End Wednesday Afternoon Heading into Thursday's trade export data and any developments in the cash cattle market will remain key factors for the day's trade. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Even though traders believed that the Federal Rese...
18 Sep 2024
DTN Chart Technical Points 09/18 16:30 DTN FUTURES 10 9/18/24 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 575.75 581.19 576.92 563.60 560.27 55.34 54.63 49.74 24 46 78 83 CBTWT MAR 595.25 600.13 595.97 583.36 580.28 55.69 54.79 49.71 24 46 78 8...
18 Sep 2024
FARM MARKET NEWS - CORN REPORT FOR Wed, September 18 Exchange rate was 1.3545 down 0.0016 Chicago corn closed steady to slightly higher. DEC24 HI 4.15 DEC24 HI 4.15 LOW 4.11 LOW 4.11 CLOSE4.12 3/4 Up 1/4 CLOSE 4.12 3/4 Up 1/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt ELEVATORS +DEC24+DEC24+MAR25 CK...
18 Sep 2024
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, September 18 Exchange rate was 1.3545 down 0.0016 Chicago soybeans closed slightly higher. NOV24 HI 10.22 NOV24 HI 10.22 LOW 10.06 1/4 LOW 10.06 1/4 CLOSE10.14 Up 8 CLOSE 10.14 Up 8 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +NOV24+NOV24+JAN25 CK Lo...
18 Sep 2024
MT. JULIET, Tenn. (DTN) -- The Federal Reserve offered farmers, businesses and consumers some relief on Wednesday as it lowered its benchmark federal funds rate by half a percentage point to a range between 4.75% and 5%. "Wednesday's half-percent rate cut is a good start for easing price pressures on agriculture, and more is needed ahead," DTN Lead...
18 Sep 2024
DTN Closing Grain Comments 09/18 13:53 Corn, Wheat Markets Start Strong but Weaken after Aggressive Rate Cut; Soybeans Finish Firm Early Wednesday grain and soy markets opened very firm, led by November soybeans, which rose above the 50-day moving average for the first time since May. Although coming off the daily high, soybeans and bean oil were a...
18 Sep 2024
WASHINGTON (DTN) -- Staff directors for the chairs and ranking members of the House and Senate agriculture committees are meeting about the farm bill. Senate Agriculture Committee Chairwoman Debbie Stabenow, D-Mich., and House Agriculture Committee Chairman Glenn "GT" Thompson, R-Pa., told DTN about farm-bill talks on Tuesday evening after each spo...
18 Sep 2024
DTN Midday Livestock Comments 09/18 11:36 Live Cattle and Lean Hogs Sport Higher Prices into Wednesday's Noon Hour Still no cash cattle trade has developed, but packer interest could improve later this afternoon. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Both the live cattle and lean hog contracts are trading mostly higher into Wednesd...
18 Sep 2024
OMAHA (DTN) -- Eight years ago, sixth-generation farmer Zach Johnson from Lowry, Minnesota, couldn't have imagined the success he would have from uploading daily YouTube videos about his family's farming operation. Now well-known as the Millennial Farmer, the 40-year-old is using his online success to give back to his community, create awareness an...
18 Sep 2024
DTN Midday Grain Comments 09/18 10:45 Corn and Wheat Mixed at Midday; Soybeans Higher Corn futures are narrowly mixed; soybean futures are 3 to 4 cents higher; wheat futures are narrowly mixed. David M. Fiala DTN Contributing Analyst MARKET SUMMARY: Corn futures are narrowly mixed; soybean futures are 3 to 4 cents higher; wheat futures are narrowly...