Soybeans, corn, wheat extend downtrend

Soybeans are lower on fund and technical selling. CONAB’s guess for Brazil was up slightly on the month at 166.143 million tons, with South American planting still ongoing. The Rosario Grain Exchange now pegs Argentina’s crop at 53 million to 53.5 million tons, compared to October’s range of 52 million to 53 million tons. Unknown…… Continue Reading

Closing Grain and Livestock Futures: November 14, 2024

Dec. corn closed at $4.19, down 7 and 1/2 centsJan. soybeans closed at $9.87 and 1/2, down 20 and 1/4 centsDec. soybean meal closed at $287.00, down $4.60Dec. soybean oil closed at 44.44, down 74 pointsDec. wheat closed at $5.30 and 1/4, down 10 and 3/4 centsDec. live cattle closed at $182.95, down $1.07Jan. feeder…… Continue Reading

Cash dairy markets mixed Thursday

Cash dairy prices were mixed Thursday on the Chicago Mercantile Exchange.  Dry whey prices were up $0.0325 at $0.6550.  Four sales were recorded, ranging from $0.63 to $0.65.  Forty-pound cheese blocks were down $0.0325 at $1.6575.  One sale was recorded at that price.  Cheese barrels were down $0.0075 at $1.6725.  No sales were recorded.  Butter…… Continue Reading

Ethanol production up, stocks higher

Ethanol production had a strong week. The U.S. Energy Information Administration says production averaged 1.113 million barrels per day, up 8,000 on the week and 66,000 on the year. That works out to 46.75 million gallons of ethanol a day, the highest daily average for any week on record. That was despite margins continuing to…… Continue Reading

Playlist

Powered By SoCast