12 Jan 2023
DTN Chart Technical Points 01/12 16:30 DTN FUTURES 10 1/12/23 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 742.75 738.81 750.94 758.39 777.97 41.77 41.81 42.36 38 24 20 28 CBTWT MAY 750.75 747.13 758.89 765.97 787.30 41.48 41.44 42.01 38 24 19 2...
12 Jan 2023
The extent of the changes on the January USDA grain stocks and production report seemed to catch many, including yours truly, by surprise. Perhaps commodity fund managers weren't as surprised, as they carried sizable long positions on corn, beans and soy meal into Thursday's bullish report. A combination of lower-than-expected production, stocks an...
12 Jan 2023
FARM MARKET NEWS - CORN REPORT FOR Thu, January 12 Exchange rate was 1.3345 down 0.0067 Chicago corn closed slightly to moderately higher. MAR23 HI 6.73 1/2 DEC23 HI 5.99 1/4 LOW 6.49 1/4 LOW 5.83 3/4 CLOSE6.71 Up 15 CLOSE 5.96 Up 6 3/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt ELEVATORS +MAR23+MAY...
12 Jan 2023
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, January 12 Exchange rate was 1.3345 down 0.0067 Chicago soybeans closed slightly to moderately higher. MAR23 HI 15.27 NOV23 HI 14.05 LOW 14.93 1/4 LOW 13.82 3/4 CLOSE15.18 1/2 Up 25 1/2 CLOSE 13.96 1/4 Up 9 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVA...
12 Jan 2023
DTN Closing Grain Comments 01/12 14:19 Corn, Soybeans, Wheat All Higher After USDA Estimates March contracts of corn, soybeans and the three U.S. wheats all posted higher closes after USDA estimated smaller corn and soybean crops and found smaller supplies of all three crops on hand on Dec. 1. Thursday's trade was also helped by a lower U.S. dollar...