7 May 2024
OMAHA (DTN) -- While trying to point to alternative data options, USDA continues to draw complaints from industry and members of Congress for canceling a few key market reports for this year. The National Agricultural Statistics Association (NASS) -- pointing to congressional budget cuts -- announced last month that it would cancel the July Cattle ...
6 May 2024
DTN Closing Livestock Comment 05/06 15:59 Boxed Beef Prices Close Higher; Livestock Contracts Close Lower The livestock complex rounded out the day Monday on a weaker note. However, seeing boxed beef prices close higher left cattlemen with the hope beef demand is improving. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The livestock comple...
6 May 2024
DTN Chart Technical Points 05/06 16:30 DTN FUTURES 10 5/06/24 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 MAY 632.25 601.56 597.94 576.11 559.86 77.95 72.19 61.55 76 44 76 73 CBTWT JUL 648.75 618.69 615.81 592.99 574.93 77.49 72.21 62.24 70 43 75 7...
6 May 2024
This article was originally published at 3:03 p.m. CDT on Monday, May 6. It was last updated with additional information at 4:15 p.m. CDT on Monday, May 6. ** OMAHA (DTN) -- Corn planting progress fell behind the five-year average pace last week for the first time this season, while soybean planting continued ahead of the average pace, USDA NASS sa...
6 May 2024
FARM MARKET NEWS - CORN REPORT FOR Mon, May 6 Exchange rate was 1.365 down 0.0021 Chicago corn closed slightly to moderately higher. JUL24 HI 4.70 DEC24 HI 4.89 1/2 LOW 4.54 1/4 LOW 4.77 CLOSE4.69 Up 8 3/4 CLOSE 4.88 1/2 Up 5 3/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt ELEVATORS +JUL24+SEP24+SEP2...
6 May 2024
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, May 6 Exchange rate was 1.365 down 0.0021 Chicago soybeans closed moderately higher to higher. JUL24 HI 12.51 1/4 NOV24 HI 12.22 3/4 LOW 12.07 LOW 11.93 CLOSE12.48 3/4 Up 33 3/4 CLOSE 12.19 3/4 Up 18 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +J...
6 May 2024
DTN Closing Grain Comments 05/06 13:46 Adverse Weather and Speculative Short-Covering Combine to Send Crop Prices Higher July soybeans closed up 33 3/4 cents and July corn was up 8 3/4 cents, two old-crop prices that received boosts from South American harvest problems Monday. July contracts of KC and Chicago wheat posted their highest closes this ...
6 May 2024
DTN Midday Livestock Comments 05/06 11:39 Weaker Tones Summarize the Livestock Complex's Start to the New Week Heading into Monday's noon hour it's unlikely that the market sees much support develop as traders won't get confirmation of consumer demand in closing USDA reports until after the day's close. ShayLe Stewart DTN Livestock Analyst GENERAL ...
6 May 2024
DTN Midday Grain Comments 05/06 10:57 Corn, Soybeans, Wheat Higher by Midday Monday Corn trade is 7 to 8 cents higher. Beans are 20 to 22 cents higher and wheat trade is 8 to 22 cents higher. David M. Fiala DTN Contributing Analyst MARKET SUMMARY: The U.S. stock market is firmer at midday with the S&P 28 points higher. The dollar index is narrowly ...
6 May 2024
LINCOLN, Neb. (DTN) -- Springport, Michigan, farmer Gaylord Lincoln's scheduled trial has been delayed by a month after a federal court granted a joint motion for a delay. Lincoln was indicted by a grand jury in 2022 on 13 counts in connection with a federal investigation into alleged federal crop insurance and farm benefits fraud. Both sides conti...