Corn and soybean futures closed higher on fund buying, supported by a weaker US Dollar, soaring crude oil futures, higher soybean oil prices and a strong crush report. Today’s gains added to Tuesday’s price increases. Wheat futures made significant losses with closing prices near the day’s lows. Improving soil moisture conditions is pressuring wheat. KC and MGEX wheat futures broke to new contract lows.

Cattle futures closed strongly higher, added to Tuesday’s gains, lifted by higher beef values and optimism for fed cattle price this week. Choice up 2.35 at 260.80; Select up 1.80 at 251.22

Lean Hog futures closed sharply lower with the June LH contract ending LIMIT DOWN. With the April LH contract expiring today, the deferred LH contracts’ huge premium to cash hog prices apparently encouraged aggressive selling which was further encouraged as prices broke below key moving averages. In contrast to futures, cash hog and pork prices improved today. FOB Plant Pork closed up .81 at 67.29.

Corn May +2 376; Dec +1 400 Bean May +5 965; Nov +4 952 Meal May -2 311; Oct -2 308 Oil +50 3180 Wheat Jly -7 489; Dec -7 513 Jly -8 518; MGE -7 554 Oats -2 261 Rice -11 1009

LC Apr +112 16072; Oct +90 15037 FC Apr +202 21522; Aug +147 21422 LH May -225 6945; Jun -300 7547; Oct -130 7035 Milk Apr +1 1567; May +2 1562

US$ -.5%

Dow +76 18113 SP +11 2107 NAS +34 5011 Tran +7 8705 VIX -.83 12.84 -6%

WTI +310 5639 Brent +189 6032 Gas +10 194 NG +8 261 HO +9 189 Eth +3 159 Gold +9 1201 Slvr +12 1628

2-yr -.016 0.500% 5-yr -.026 1.316% 10yr -.014 1.890% 30yr -.006 2.540%

Black Cutworm & Armyworm Moth Captures Show a Big Increase By Doug Johnson, Extension Entomologist, University of Kentucky       Black cutworm (BCW) and armyworm (AW) moths captured in the IPM traps at the UK-REC in Princeton, KY show a substantial increase for the trap week ending Friday, April 10th.  Click HERE to read UK report

KENTUCKY CASH GRAIN PRICES – Click Here 

KENTUCKY LIVESTOCK AUCTIONS --  Click Here 

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