Corn Sep +6 346; Dec +6 359 (350-63)

Bean Sep+1 839; Nov +1 849 (838-56)

   Meal unch 331

   Oil -16 2827

Wheat Sep +13 484; Dec +11 501; Jly+7 535

   KC +7 481; MGE +5 530

Oats +1 237

Rice +3 1192

 

LC Aug +117 10502; Oct +135 10760; Feb +82 11595

FC Aug +162 15102; Oct +132 15127; Jan +50 14942

LH Jly +17 7995; Oct +192 5395; Dec +230 4875

Milk Jly +11 1432; Aug +35 1500

 

CBOT futures closed steady to higher following the midday USDA WASDE report which was generally friendly for corn and negative for soybeans. US and World ending corn stocks were forecast below trade expectations, while soybean stocks came in much higher than expected as USDA incorporated the current Chinese import tariffs into its projections.  The 2018/19 U.S. Soybean Ending Stocks forecast of 580 million bushels is a new record, surpassing the old record of 574 million bushels from 12 years ago. Traders should focus on weather for the short run.

Kentucky expects to harvest 22.8 million bushels of winter wheat during 2018, down 5 percent from 2017. Growers expect a yield of 65 bushels per acre, down 12 bushels from 2017 and down 15 bushels from the June report.

Cattle and hog futures rebounded nicely today following yesterday’s rout.

US$ +.1%

Dow +224 24295

SP +24 2798

NAS +107 7824

Tran +46 10489

  VIX -1.05 12.58

 

WTI +2 7040

Brent +101 7441

Gas +1 207

NG -3 280

HO +2 212

Eth +1 140

Gold +3 1247

Slvr +16 1598

 

2-yr +.012 2.590%

5-yr +.009 2.749%

10yr +.005 2.849%

30yr +.004 2.948%

Kentucky Farm Bureau Minute video  - Click Here

KENTUCKY CASH GRAIN PRICES – Click Here

KENTUCKY LIVESTOCK AUCTIONS --  Click Here