Strength in nearby soybean meal futures lifted the soy complex to strong closes with soybeans near the day’s highs. Positive news for soybean price included record weekly soybean exports and a record-large October soybean crush figure released by NOPA. Marketing season-to-date soybean export shipments are running way ahead of a year ago – 16.6 mmt versus 14.2 mmt.

The day’s lows for corn, beans and wheat mostly came in the 830-900 am CT period following release of the weekly export shipments report that was disappointing for corn and wheat. Corn and wheat futures’ attempts to rally off those lows were limited to about a nickel. Wheat was hit harder than corn given that last week’s strong futures rally wasn’t supported by the export report. Outside markets weighed on the CBOT with a stronger US dollar and lower crude oil prices.

HARVEST COMPLETION Corn: 89% vs 90% year ago and 88% on average Soybean: 94% vs 94% year ago and 96% average

WINTER WHEAT CONDITION Good/Excellent: 60% vs 63% year ago Poor/V.Poor: 6% vs 7% year ago

Cattle futures closed moderately higher on midday strength in boxed beef and last week’s improvement in futures and cash cattle price (mostly $170-172). Beef sustained its value through the afternoon with Choice closing up 2.11 at 254.27 and Select gaining 1.74 to 240.03.

Lean Hog futures closed pit trading with most contracts higher, but prices softened somewhat in afternoon electronic trading. Still the December LH contract has closed up for 8 straight days. The Pork cutout ended near unchanged even with a 4% drop in the belly value.

Reminder Kentucky Beef Checkoff Vote – Thursday, November 20 - 8:00 am to 6:00 pm local time - At your Extension Office

Corn Dec -4 377; May -4 399; Dec -2 421 Bean Jan +14 1036; May +13 1050; Nov +10 1025 Meal Dec +7 387; May +4 349 Oil +25 3245 Wheat Dec -9 552; Jly -8 567 KC -9 596; MGE -6 583 Oats unch 339 Rice -6 1191

LC Dec +80 17100; Feb +82 17210; Jun +40 16077 FC Nov +2 24002; Jan +135 23747; Mar +105 23565 LH Dec +32 9300; Feb -12 9262; Apr +25 9410 Milk Dec -46 1839; Jan -27 1733

US$ +.4% 87.92

Dow +13 17648 SP +1 2041 NAS -18 4671 Tran -49 9013 VIX +.68 13.99 +5%

WTI -36 7546 Brent -33 7908 Gas -2 202 NG +28 430 HO -1 240 Eth +3 205 Gold unch 1186 Slvr -19 1612

2-yr unch 0.512% 5-yr +.023 1.627% 10yr +.020 2.340% 30yr +.020 3.062%

KENTUCKY CASH GRAIN PRICES – Click Here 

KENTUCKY LIVESTOCK AUCTIONS --  Click Here 

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