Agriculture Market Commentary

Live and Feeder Contracts Slump Back to Recent Lows

DTN/The Progressive Farmer — Thu, 23 May 2013 21:50:00 GMT

DTN Closing Livestock Comments 05/23 16:17 Live and Feeder Contracts Slump Back to Recent Lows The cattle complex closed significantly lower for the second consecutive session, pressured by long liquidation, poor buying interest, and cash nervousness....

Cattle Continue to get Slaughtered on Demand Concerns

Pro Farmer — Thu, 23 May 2013 20:04:29 GMT

Live cattle futures opened slightly higher but slumped through the day, closing on the lows of the day with losses of 45 cents to $1.02 1/2....

Hogs Have Narrow Trade, Slumped Generally Lower

Pro Farmer — Thu, 23 May 2013 20:01:40 GMT

Lean hog futures edged lower after trading in a very narrow range just under yesterday's close. Futures closed 10 to 42 1/2 cents lower in all but the far-deferred contracts that ended mixed....

Wheat Gets Added Boost on Weekly Export Report

Pro Farmer — Thu, 23 May 2013 19:57:40 GMT

Wheat futures held strong into the close despite a softening in the corn and soybean markets. Chicago wheat ended 12 1/2 to 14 3/4 cents higher in the 2013 contracts, with 2014 contracts up 8 1/4 to 10 1/2 cents....

Soybeans See Strong Run-Up Early, Slammed Back Some into Close

Pro Farmer — Thu, 23 May 2013 19:57:00 GMT

Old-crop soybeans were highly volatile today, with the July soybeans trading in a 59 1/4-cent daily trading range. The market initially staged a strong rally, but heavy selling into the close resulted in old-crop contracts ending just 5 1/4 to 9 cents higher....

Corn Rally saw Support from Soybeans; Slowed into Close as Spreaders Squared-up

Pro Farmer — Thu, 23 May 2013 19:49:04 GMT

Corn futures posted gains across contracts but saw bull-spread unwinding near the end of today's trading to finish mostly 3 to 4 cents higher. Spillover strength from soybeans, a weaker U.S. dollar combined with a strong export sales tally from USDA to lift futures....

DTN Closing Grain Comments 05/23 13:55

DTN/The Progressive Farmer — Thu, 23 May 2013 19:30:00 GMT

DTN Closing Grain Comments 05/23 13:55 July Wheat Closes Higher On Drought, Increased Exports July wheat led grains higher Thursday, supported by ongoing drought conditions in hard red winter wheat areas....

Corn Market Recap for 5/23/2013

Thu, 23 May 2013 19:18:11 GMT

July Corn finished up 3 1/2 at 662, 7 3/4 off the high and 9 up from the low. December Corn closed up 4 1/4 at 534 3/4. This was 9 1/2 up from the low and 2 3/4 off the high. Corn futures traded higher on the day but the old vs....

Soybean Complex Market Recap

Thu, 23 May 2013 19:18:11 GMT

July Soybeans finished up 5 1/4 at 1499 1/2, 47 1/4 off the high and 12 up from the low. November Soybeans closed up 4 1/4 at 1243. This was 10 up from the low and 6 1/4 off the high. July Soymeal closed down 3.6 at 437.0. This was 2.5 up from the low and 14....

Wheat Market Recap Report

Thu, 23 May 2013 19:18:11 GMT

July Wheat finished up 14 3/4 at 703 1/4, 5 3/4 off the high and 16 1/4 up from the low. December Wheat closed up 12 1/2 at 723. This was 14 1/4 up from the low and 5 1/2 off the high....

Recap Cattle Market Report

Thu, 23 May 2013 19:18:09 GMT

June cattle closed sharply lower on the day as traders believe beef prices are close to a seasonal peak and that cash markets will struggle to avoid a downtrend into the summer....

Recap Hog Market Report

Thu, 23 May 2013 19:18:09 GMT

June hogs closed 35 lower on the session and near the middle of a fairly tight range inside of yesterday's range. News that cold storage supply is at a record high appears to be a factor to limit an advance....

Livestock Futures Slide Lower

DTN/The Progressive Farmer — Thu, 23 May 2013 17:35:00 GMT

DTN Midday Livestock Comments 05/23 12:02 Livestock Futures Slide Lower Cash activity continues to slowly develop in the cattle market. This is adding pressure to futures markets at midday. Lean hog futures also remain aggressively lower....

All Grains Trading Higher at Midday

DTN/The Progressive Farmer — Thu, 23 May 2013 16:55:00 GMT

DTN Midday Grain Comments 05/22 11:18 All Grains Trading Higher at Midday Wheat trade is the midday leader. By David Fiala DTN Contributing Analyst General Comments The U.S. stock markets are lower with the Dow down 18....

Mid-Session Hog Market Report

Thu, 23 May 2013 16:29:07 GMT

June hogs are trading moderately lower on the session but with a fairly tight range inside of yesterday. News that cold storage supply is at a record high appears to be a factor to limit an advance. Profit-taking selling was noted....

Mid-Session Cattle Market Report

Thu, 23 May 2013 16:29:06 GMT

June cattle inched higher in quiet and choppy trade early today as a strong recovery in the US stock market from overnight lows, solid weekly export sales news and another new all-time high in beef posted late yesterday helped to provide support....

Mid-Session Soy Complex Market Report

Thu, 23 May 2013 16:15:24 GMT

Old crop soybeans are trading sharply higher midday with the July contract up 20 cents while the November contract is down 2 cents. The July contract traded up to its highest levels since September of 2012 and the July/November made a new contract high at +280....

Mid-Session Wheat Market Report

Thu, 23 May 2013 16:15:24 GMT

Rumors that China may be buying US Chicago wheat today may have helped to spark a short covering rally. Chicago July wheat is up 11 1/4 cents while the KC July is up 10 cents....

Mid-Session Corn Market Report for 5/23/2013

Thu, 23 May 2013 16:15:23 GMT

Corn futures are trading higher midday led by 5 1/2 cent gains in the July contract while December corn trades 2 cents higher. Strong ethanol demand and firm basis levels across the US continue to add a supportive tilt to the old crop market....

Palm Futures Hold Near Month Highs

Thomson Reuters — Thu, 23 May 2013 14:23:34 GMT

Malaysian palm oil futures rose their highest in more than a month, stretching gains to a third straight week as investors were optimistic about a recovery in demand ahead of the Muslim holy month of Ramadan