Corn Mar +1 587 (583-89); Jly unch 589; Dec22 unch 555

Bean Jan +11 1261 (1238-64); Jly +10 1282; Nov +12 1244

  Meal Jan +7 357 (347-58)

  Oil -155 5555

Wheat Mar -14 794 (791-812); Jly -11 791

  KC Mar -15 812; MGE -1 1035

Oats -5 727

Rice -9 1382

 

LC Dec -67 13755; Feb -55 13867; Apr -57 14187

FC Jan -162 16340; Mar -160 16587; May -157 17025

LH Dec -125 7082; Feb -50 7605; Apr -62 8142

Milk Dec -11 1860; Jan +16 1970

Again today, the CBOT closed mixed with soybeans reversing yesterday’s losses to lead the market to the upside. Soybeans were supported by yet another daily soybean export sale to China or an unknown destination (likely China). A strong soybean meal market offset the 3% drop in soybean oil futures. Corn futures finished the day steady after giving up early-day gains from a huge corn sale to Mexico. Weekly ethanol production statistics were supportive. Wheat futures closed lower on profit-taking ahead of tomorrow’s USDA WASDE report that is expected to show growing U.S. and world wheat carryout for 2021/22.

Cattle futures closed lower and near the day’s lows. Further declines in boxed beef values and a lack of cash fed trade weighed on the market. Choice beef fell 3.92 to 264.11 and Select lost 2.59 to 253.09. Beef movement was similar to Tuesday with 161 loads. Traders eagerly await tomorrow’s weekly beef export sales report.

Lean hog futures closed lower with the nearby December LH contract outpacing the 2022 contracts. LH was pressured by the weak cash hog market and technical selling related to the recent downtrend in futures. A huge jump in pork values limited the losses. FOB Plant Pork soared 9.35 to 90.44 with ham value up 29.58 to 85.42. The rib was the only primal to lose value. Pork movement totaled a huge 413 loads. Traders will look closely at the weekly pork export sales figure in tomorrow’s report.

US$ -.3% 95.95

Dow +35 35755

SP +14 4701

NAS +100 15787

Tran -51 16304

  VIX -1.99  19.90

 

WTI +69 7253

Brent +66 7610

Gas +5 215

NG +10 381

HO +5 227

Gold -1 1784

Slvr -9 2243

 

2-yr -.008 .681%

5-yr +.017 1.273%

10yr +.045 1.525%

30yr +.100 1.895%

Farmers encouraged to apply for new agricultural exemption number
    Deadline for current farmers is January 1, 2022
    Click Here for the KDA article.

“Across Kentucky” podcast  - Click Here

KENTUCKY CASH GRAIN PRICES – Click Here

KENTUCKY LIVESTOCK AUCTIONS --  Click Here