Entries for February 2019
RECENT NEWS
25 Feb 2019
By Todd HultmanDTN Lead Analyst One day after a winter storm closed U.S. government offices in Washington, D.C., USDA's annual Agricultural Outlook Forum in Arlington, Virginia, kicked off Thursday with the traditional opening talk from USDA's Chief Economist Robert Johannson. (Read his speech here: https://www.usda.gov/…) More detailed outlooks fo...
25 Feb 2019
FARM MARKET NEWS - CORN REPORT FOR Mon, February 25 Exchange rate was 1.3185 up 0.0047 Chicago corn closed slightly to moderately lower. MAR19 HI 3.78 1/2 DEC19 HI 4.04 LOW 3.70 LOW 3.98 CLOSE3.70 1/2 Down 4 3/4 CLOSE 3.98 1/2 Down 3 1/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt ELEVATORS +MAY19+MA...
25 Feb 2019
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, February 25 Exchange rate was 1.3185 up 0.0047 Chicago soybeans closed narrowly mixed. MAR19 HI 9.21 NOV19 HI 9.63 1/4 LOW 9.10 1/4 LOW 9.54 3/4 CLOSE9.11 3/4 Up 1 1/2 CLOSE 9.55 1/2 Up 1 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +MAR1+MAY1+MAY19 CK...
25 Feb 2019
DTN Closing Grain Comments 02/25 14:07 Winter Wheat Sinks to New Lows Just when it looked like soybeans might get attention after President Donald Trump extended the tariff deadline beyond March 1, winter wheat prices stole the spotlight Monday, dropping double digits to new contract lows. May soybeans finished up 1 1/4 cents -- 9 1/2 cents off Mon...
25 Feb 2019
By Chris ClaytonDTN Ag Policy Editor ARLINGTON, Va. (DTN) -- USDA sees higher corn acres, production, exports and prices for the 2019-20 crop as well as lower ending stocks at the end of the year. It's a different story for soybeans as production and yield are lowered, but a high carryover, relatively low exports and overall higher supply will tra...