Market Closes - July 20, 2021
Posted on Jul 20, 2021Corn Sep +16 572; Dec +13 566 (553-71); Dec22 +6 502
Bean Aug +15 1443; Sep +16 1399; Nov +16 1388 (1374-1406); Nov22 +10 1274
Meal Aug +6 365; Dec +5 370
Oil Aug +33 6702; Dec +85 6393
Wheat Sep +3 700 (698-718); Dec +2 709; Jly -2 698
KC Sep +8 660; MGE -8 916 (909-43)
Oats +19 451
Rice +15 1319
LC Aug -47 11977; Oct -40 12470; Dec -70 13042
FC Aug -185 15552; Oct -107 15977; Jan -102 16112
LH Aug +52 10500; Oct +165 9201; Dec +147 8452
Milk Jly -3 1666; Aug -39 1628
Except for MGE spring wheat futures, the grain and soy complex posted higher closes with corn and oats leading the way. With the energy and equity markets stabilized, traders focused again on the unfavorable weather outlook in the critical crop region. Interestingly, corn, wheat and soy complex futures stayed above Monday’s closing prices. The difference was that corn ended upper range, soy mid-range and wheat near the day’s lows.
Cattle futures closed lower on pressure from weaker boxed beef values and rising corn futures. Choice beef lost 1.61 to 264.88 and Select slid .91 to 248.58. Beef movement was fairly strong at 152 loads.
Lean hog futures closed higher even as the pork cutout weakened. The August LH’s discount to the current CME Lean Hog Index offered support. FOB Plant Pork dropped 1.51 to 120.34 with pork movement a very heavy 340 loads. Ham value was down 4% and the butt was down 6%.
US$ +.1% 92.96
Dow +550 34512
SP +65 4323
NAS +224 14499
Tran +284 14458
VIX -2.77 19.73
WTI +5 6640
Brent +3 6865
Gas -1 208
NG +15 390
HO +1 199
Eth unch 232
Gold +1 1810
Slvr -17 2497
2-yr -.008 0.202%
5-yr -.007 0.683%
10yr +.041 1.222%
30yr +.065 1.880%
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