Corn Dec -1 372 (371-73); Mar -1 384; Dec19 -1 403

Bean Jan -5 879 (877-88); Mar -4 892; Nov19 -5 929

  Meal -3 308

  Oil +30 2820

Wheat Dec -2 510; Jly -4 542 (540-48)

  KC -6 502; MGE -8 581

Oats -6 287

Rice +3 1073

 

LC Dec +67 11610; Feb -80 11960; Jun -37 11392

FC Nov -5 14992; Jan -77 14582; Apr -130 14537

LH Dec +142 5552;; Feb -17 6122; Jun +115 8137

Milk Nov -5 1447; Dec -14 1469

 

CBOT futures closed mostly lower as traders positioned themselves for tomorrow’s latest crop production estimates and US/World supply-demand estimates. Traders on average expect USDA to lower corn and soybean yield just a touch. However, soybean ending stocks could increase if export projections are cut. Soybean exports to China are running nearly 95% behind the year-ago pace. Soybean futures closed lower for the third straight day. Wheat futures lost several cents today, but ended up close to last Friday’s settlement prices. The speculative funds are long corn futures and short soybeans.    

Live cattle futures were slightly lower beyond the nearby December LC contract which gained 67 cents. The cash market was lightly traded at prices below last week’s average. Boxed beef values also weakened. Choice Beef dropped .54 to 218.22 and Select fell 2.89 to 201.77 (this erased yesterday’s gains).

Lean hog futures were mostly higher, helping to erase part of Tuesday’s sharp losses. Fundamentals were not supportive as FOB Plant Pork dropped 1.33 to 72.75 (loin value fell 3%).

U.S. equities rallied sharply after the election created a divided Congress. Gasoline futures traded higher overnight but fell 3% by the close.
 

US$ -.1%

Dow +545 26180

SP +58 2814

NAS +195 7571

Tran +240 10714

  VIX -3.58  16.34

 

WTI -60 6174

Brent -20 7193

Gas -5 165

NG -2 353

HO +5 224

Eth -2 128

Gold +2 1229

Slvr +7 1457

 

2-yr +.029 2.961%

5-yr +.028 3.078%

10yr +.017 3.232%

30yr +.012 3.438%

NOVEMBER WEATHER OUTLOOK

  The Climate Prediction Center expects Kentucky to have normal to below-normal temperatures and above-normal precipitation.  To See Maps: CLICK HERE

 

“Across Kentucky” podcast  - Click Here

KENTUCKY CASH GRAIN PRICES – Click Here

KENTUCKY LIVESTOCK AUCTIONS --  Click Here