Market Closes - November 5, 2018

Posted on Nov 5, 2018

Corn Dec +1 373 (369-74); Mar +1 384

Bean Jan +2 890 (882-93); Mar +2 902

  Meal +2 313

  Oil -19 2801

Wheat Dec -3 505; Jly -2 541 (540-46)

  KC -3 501; MGE unch 581

Oats +4 288

Rice +8 1083

 

LC Dec -175 11532; Apr -142 12230; Jun -157 11440

FC Nov -300 14950; Jan -332 14642; Apr -262 14682

LH Dec -102 5710; Feb -52 6412; Jun -42 8245

Milk Nov -8 1470; Dec -14 1504

CBOT futures closed mixed with minimal price changes. Soybean futures are consolidating the big gains posted Thursday from signs that China may be more open to trade talks. Traders are generally waiting to see how tomorrow’s election turns out and to see the USDA supply-demand updates midday Thursday.

US Corn Harvested
76% vs 68% year ago and 77% for 5-year average.

US Soybeans Harvested
83% vs 89% year ago and 89% for 5-year average.

Both live and feeder cattle futures opened near steady but have closed sharply lower, led by the feeder cattle market. Short-term chart support gave way on the nearby contracts. Choice beef edged up .09 to 218.59 and Select gained .88 to 202.35.

Lean Hog futures tried to move higher but quickly headed south with the cattle market. FOB Plant Pork down 21 to 7486.

US$ -.2%

Dow +191 25462

SP +15 2738

NAS -28 7329

Tran -5 10362

  VIX +.45 19.96

 

WTI -7 6321

Brent -9 7274

Gas -2 169

NG +28 357

HO +2 220

Eth unch 131

Gold -1 1232

Slvr -11 1465

 

2-yr  unch 2.912%

5-yr -.012 3.026%

10yr -.015 3.199%

30yr -.024 3.430%

Kentucky Farm Bureau Minute video  - Click Here

KENTUCKY CASH GRAIN PRICES Click Here

KENTUCKY LIVESTOCK AUCTIONS --  Click Here