28 Dec 2022
DTN Chart Technical Points 12/28 16:30 DTN FUTURES 10 12/28/22 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 785.50 774.56 763.97 754.97 803.79 62.06 53.14 46.50 88 81 59 41 CBTWT MAY 792.75 781.50 771.39 763.93 813.51 61.51 52.58 46.12 88 81 54 ...
28 Dec 2022
DTN Closing Livestock Comment 12/28 15:55 Traders Support the Livestock Contracts Through Closing Monitoring the cash cattle market will be the most important matter through Thursday's market. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS It was a mostly supportive day for the livestock complex as traders are eager to trade the contracts hi...
28 Dec 2022
FARM MARKET NEWS - CORN REPORT FOR Wed, December 28 Exchange rate was 1.3579 up 0.0054 Chicago corn closed slightly higher. MAR23 HI 6.83 1/2 DEC23 HI 6.12 LOW 6.72 3/4 LOW 6.05 1/2 CLOSE6.82 3/4 Up 8 CLOSE 6.11 3/4 Up 4 3/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt ELEVATORS +MAR23+MAR23+MAY23 CK ...
28 Dec 2022
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, December 28 Exchange rate was 1.3579 up 0.0054 Chicago soybeans closed slightly to moderately higher. MAR23 HI 15.17 1/2 NOV23 HI 14.14 3/4 LOW 14.89 1/2 LOW 13.91 3/4 CLOSE15.14 1/4 Up 25 1/4 CLOSE 14.12 1/4 Up 17 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/...
28 Dec 2022
DTN Closing Grain Comments 12/28 13:39 Soybeans, Corn, Meal Surge on Argentine Dryness, Export Potential Soybeans and soy meal led the way higher Wednesday as weather models have taken out the potential for heavy rains in dry Argentine crop areas. Corn was along for the ride as well, as the stronger South American basis has made both corn and soyme...
28 Dec 2022
DTN Midday Livestock Comments 12/28 11:47 Traders Need Reassurance From Fundamentals The cash cattle market hasn't seen any bids develop yet, but it wouldn't be abnormal to see bids develop either Wednesday afternoon or early Thursday. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The livestock complex is trading mixed into Wednesday's aft...
28 Dec 2022
LINCOLN, Neb. (DTN) -- The nation's largest beef packers are facing a growing number of antitrust lawsuits alleging a conspiracy to fix prices, as five more complaints were filed in a federal court in Florida by several popular fast-food chains last week. At the end of November 2022, a federal court in Minnesota combined claims brought by several m...
28 Dec 2022
After another visit from the polar vortex last week that spread through most of the country, temperatures have made a drastic turnaround to end the month. Due to the extreme cold, temperatures for the month of December are significantly below normal for most of the country outside of the Southern Plains and Northeast. But January is going to be a d...
28 Dec 2022
DTN Midday Grain Comments 12/28 10:51 Corn, Soybean Futures Higher at Midday; Wheat Flat-Higher Corn futures are 3 to 4 cents higher at midday Wednesday; soybean futures are 10 to 11 cents higher; wheat futures are flat to 8 cents higher. David M. Fiala DTN Contributing Analyst MARKET SUMMARY: Corn futures are 3 to 4 cents higher at midday Wednesda...
28 Dec 2022
USDA MARKET NEWS--AFTERNOON CATTLE REPORT 12/28/22 VOLUME USDA TOTAL RANGE DTN PRACTICAL RANGE WT AVG KANSAS CONFIRMED CASH SALES - TODAY: 0 WEEK TO DATE: 0 STEERS LIVE FOB No reportable trade STEERS LIVE DELIVERED No reportable trade HEIFERS LIVE FOB No reportable trade HEIFERS LIVE DELIVERED No reportable trade NEBRASKA CONFIRMED CASH SALES - TOD...