CBOT futures closed near steady in corn to much lower in the soy complex. The USDA reports were pretty much in line with average guesstimates. Soybeans were pressured by this morning’s weekly export sales report that showed net cancellations for Old-Crop soybean sales. Soybean meal futures were especially weak today with the May SM contract at levels last seen in October 2014. Initial support is $311, then $300-302.

Be sure to check out these two posts from UK’s Grain Crops Update:

Buyer beware when it comes to “alternatives” to ag lime

Corn Planting Date not as Important as Other Factors

Livestock futures trading was fairly uneventful with closing prices being little changed. Traders are waiting for more direction from cash markets. The surging US Dollar and its negative impact on exports is negative. Meat markets were mixed. Choice beef closed down .75 at 258.39 and Select end up 1.40 at 252.45. FOB Plant Pork closed up .50 at 66.14.

Corn May -1 378; Jly -1 386; Dec -1 403 (400-05) Bean May -18 953; Jly -18 958; Nov -15 945 (942-61) Meal May -8 312; Oct -6 309 Oil -11 3084 Wheat Jly -6 517; Dec -6 540 KC -9 556; MGE -6 579 Oats -1 269 Rice -17 1040

LC Apr +25 16180; Oct +22 15060; Dec +17 15140 FC Apr +25 21647; Aug +10 21502; Oct +20 21350 LH Apr -20 6210; Jun -30 7680; Oct -10 7072 Milk Apr +4 1567; May +15 1597

US$ +.9%

Dow +56 17959 SP +9 2091 NAS +24 4975 Tran +40 8709 VIX -.89 13.09 -6.4%

WTI +37 5079 Brent +119 5674 Gas +2 176 NG -8 254 HO +3 173 Eth -1 158 Gold -9 1194 Slvr -30 1615

2-yr +.020 0.552% 5-yr +.064 1.399% 10yr +.068 1.963% 30yr +.078 2.598%

KENTUCKY CASH GRAIN PRICES – Click Here 

KENTUCKY LIVESTOCK AUCTIONS --  Click Here 

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