Posted at 10:30 a.m. – December corn is down 3 cents per bushel, January soybeans are up 6 1/4 cents, December KC wheat is up 6 cents, December Chicago wheat is up 3 3 /4 cents up and December Minneapolis wheat is up 1 cent /2 cents. The Dow Jones Industrial Average is up 134.26 points and crude oil is up $1.24 a barrel in December. The US Dollar Index rose by 0.210 and gold fell by $2.00 an ounce in December. In very quiet trading, both winter wheat futures markets held gains while Minneapolis slipped. Soybeans are very firm while corn is down 3 cents. There is a mostly clear forecast ahead for five days, with some showers expected across the Eastern Corn Belt next week. Ethanol production increased last week for the fourth consecutive month with solid margins.
Posted at 10:00 a.m. – December corn is down 5 1/2 cents per bushel, January soybeans are up 7 1/2 cents, December KC wheat is up 1 cent, December Chicago wheat is up 2 3/4 cents and December Minneapolis wheat down 1 3/4 cents. The Dow Jones Industrial Average is up 196.58 points and crude oil is up $1.99 a barrel in December. The US Dollar Index is up 0.100 and gold is up $2.40 an ounce in December. The Energy Information Administration (EIA) released the weekly petroleum report for the week ending Oct. 27 and continued to show higher ethanol production, with the U.S. producing 1.052 million barrels per day, compared to 1.040 million barrels per day last week and last Year. Ethanol stocks fell 1.8% to 21 million barrels.
Posted 8:35 a.m. – December corn is up 1/4 cent per bushel, January soybeans are down 1 3/4 cents, December KC wheat is up 7 3/4 cents, December Chicago wheat is up 6 cents and December Minneapolis wheat is up 4 cents more. The Dow Jones Industrial Average rose 25.92 points and crude oil rose $1.95 a barrel in December. The US Dollar Index rose by 0.410 and gold fell by $3.60 an ounce in December. Corn is flat, while soybeans and bean oil are up slightly and soymeal is down. Wheat is experiencing a recovery, but one that could be described as a “dead recovery” as U.S. export demand remains sluggish. Tensions in the Middle East appear to be increasing, so we are seeing sideways and choppy market movement in most agricultural markets.
Posted at 11:42 a.m. – December live cattle are down $0.35 to $183.2, January feeder cattle are up $0.43 to $237,625, December lean hogs are up $0.33 to $71.4 down, corn down 1/4 cent per bushel in December and soybean meal down $5.50 in December. The October live cattle contract ended the month with a loss of $4.37. While the October lean hog issue ended the month with a net loss of 57 cents. The Dow Jones Industrial Average rose 24.55 points. In cattle feeding areas, some asking prices of $188 are reported in parts of the South on Wednesday morning, but have yet to be determined in the North. The Packer request should improve at some point today. It is possible that trading volumes will be significantly delayed until Thursday and/or Friday.
Posted 8:37 a.m. — December live cattle are down $0.35 to $183.2, January feeder cattle are up $0.43 to $237,625, December lean pork is up $0.33 to 71, Down $4, corn down 1/4 cent per bushel in December and soybean meal down $5.50 in December. The October live cattle contract ended the month with a loss of $4.37. While the October lean hog issue ended the month with a net loss of 57 cents. The Dow Jones Industrial Average rose 24.55 points. In feed country, asking prices of $188 are reported in parts of the south this morning, but have yet to be determined in the north. The Packer investigation should improve sometime Wednesday. It is possible that significant trading volume will be delayed until Thursday and/or Friday.
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