Market Closes - August 8, 2019 - Kentucky Farm Bureau

Market Closes - August 8, 2019

Posted on Aug 8, 2019

Corn Sep +4 411; Dec +4 418 (413-20)

Bean Sep +16 870; Nov +16 883 (865-85)

  Meal +2 297

  Oil +100 2901

Wheat Sep +10 498; Jly +7 517 (508-19)

  KC +1 418; MGE unch 520

Oats +6 275

Rice -1 1135

 

LC Aug +35 10795; Dec +45 11162; Feb +55 11587

FC Aug +30 13985; Oct +72 13962; Jan +42 13785

LH Aug -37 7735; Oct +102 6787; Dec +182 6525

Milk Aug +4 1754; Sep -4 1776

 

CBOT futures closed higher and near the day’s highs on short-covering in the soy complex and trader positioning ahead of Monday’s midday crop reports. A dollar rally in soybean oil futures lifted the soybean market.

Cattle futures closed slightly higher but generally within yesterday’s trading ranges. A strong weekly export sales report (+94%) for beef supported futures. Choice beef gained .39 to 216.88 and Select lost .34 to 192.37.

Beyond the August LH contract, lean hog futures closed higher to sharply higher as additional short-covering took place. Support came from an improved weekly pork export sales and stronger pork values. FOB Plant Pork closed up .29 at 88.69.

US$ steady

Dow +371 26378

SP +54 2938

NAS +176 8039

Tran +174 10324

  VIX -2.58  16.91

 

WTI +182 5285

Brent +153 5776

Gas +3 165

NG +4 212

HO +3 179

Eth +2 144

Gold -6 1502

Slvr -27 1693

2-yr +.048 1.619%

5-yr +.042 1.544%

10yr +.026 1.717%

30yr +.033 2.228%

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