26 Jan 2024
DTN Closing Livestock Comment 01/26 16:05 Stronger Tones Keep Livestock Higher through Friday's End The livestock complex ran through Friday's end with higher prices seen across the board. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: What a week it was for the livestock complex! Gains were seen consistently throughout all three of the liv...
26 Jan 2024
DTN Chart Technical Points 01/26 16:30 DTN FUTURES 10 1/26/24 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 MAR 600.25 604.94 595.50 600.71 607.08 48.26 48.21 48.25 76 81 45 34 CBTWT MAY 610.75 614.94 606.33 612.42 618.89 47.62 47.62 47.77 77 80 44 3...
26 Jan 2024
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, January 26 Exchange rate was 1.3441 down 0.0035 Chicago soybeans closed slightly lower. MAR24 HI 12.30 3/4 NOV24 HI 12.02 3/4 LOW 12.08 1/2 LOW 11.83 1/2 CLOSE12.09 1/4 Down 13 3/4 CLOSE 11.85 Down 11 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +...
26 Jan 2024
FARM MARKET NEWS - CORN REPORT FOR Fri, January 26 Exchange rate was 1.3441 down 0.0035 Chicago corn closed slightly lower. MAR24 HI 4.51 3/4 DEC24 HI 4.80 1/2 LOW 4.45 1/2 LOW 4.75 1/2 CLOSE4.46 1/4 Down 5 1/2 CLOSE 4.76 1/4 Down 4 1/2 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt ELEVATORS +MAR24+MAY...
26 Jan 2024
DTN Closing Grain Comments 01/26 14:40 Grain and Soy Markets Plunge in Unison to End the Week on Fund Selling, Bearish Weather and Weak Exports Soybeans, wheat and corn fell together on Friday in a risk-off end to the week. Corn and soybeans have weakened on a more optimistic outlook for South American production, slowing exports and fund selling. ...
26 Jan 2024
Most farmers don't want to show self-employment (SE) income. After all, why pay the SE tax? To avoid it, they set up complex structures to reduce/shift income. But is paying an SE tax bad? Are there any benefits to showing SE income? Before discussing why some SE income is good, let's talk about the consequences of avoiding the SE tax. First, when ...
26 Jan 2024
OMAHA (DTN) -- Among Karl Jacobson's chores this week was buying alfalfa hay from a neighbor. The Concordia, Kansas, farmer and cow-calf producer was short of hay this winter for his herd because of the continuing drought affecting parts of the Western Corn Belt (WCB). "My alfalfa was half of what I normally get," Jacobson said. "My prairie hay was...
26 Jan 2024
DTN Midday Livestock Comments 01/26 11:48 Demand Keeps Livestock Contracts Running Higher All three livestock markets are trading higher as Friday's noon hour nears. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: As the market nears Friday's noon hour, the livestock contracts continue to trade higher as demand continues to be a supportive f...
26 Jan 2024
DTN Midday Grain Comments 01/26 10:54 Corn, Soybean and Wheat Lower at Midday Friday Corn trade is 4 to 6 cents lower, beans are 9 to 10 cents lower and wheat trade is 10 to 18 cents lower. David M. Fiala DTN Contributing Analyst MARKET SUMMARY: The U.S. stock market is firmer at midday with the S&P 9 points higher. The dollar index is 20 points lo...
26 Jan 2024
Cotton AWP/LDP 01/26 09:04 Weekly cotton Fine Count Price and Adjustment data. Adjusted | Fine Fine LFQ as % LFQ | Count Count of ELS Price USPFE | Adj Adj Adj Week Loan USPFE Adj For Less | World 2022.00 2023 CCA LDP Date Rate Price Quality LFQ | Price Crop** Crop** 01/26/24 | 67.64 0.48 0.73 0.00 0.00 01/11/24 169.86 225.00 185.00 39.00 | 64.28 0...