Market Closes - September 15, 2016 - Kentucky Farm Bureau

Market Closes - September 15, 2016

Posted on Sep 15, 2016

CBOT futures closed lower except for the soy complex. Corn and wheat futures were weighed on by disappointing weekly export sales reports this morning. Soybean futures made a corrective bounce after big losses on Monday and Tuesday. December Meal futures are testing contract lows with the downtrend intact.

Cattle futures closed higher with the October LC contract gapping higher; resistance comes in at 108.45, the August high. Buyers were encouraged by higher boxed beef values and signs the cash cattle market will trade steady to higher from last week. Choice up 0.47 at 186.27; Select down 1.49 at 178.83.

Lean Hog futures traded to new contract lows before a late-day rally resulted in positive closes. The gains were minimal and limited by a sharply lower pork market. FOB Plant Pork was down a sharp 1.78 to 80.23. The number of hogs coming to market are up markedly this week.

Corn Dec -2 330 (327-35); Mar -2 340

Bean Nov +8 950 (941-53); Mar +7 959

  Meal +2 309

  Oil +42 3204

Wheat Dec -3 399; Jly -1 448 (445-53)

  KC -2 416; MGE -2 491

Oats -1 173

Rice -10 979

 

LC Oct +115 10695; Dec +60 10697; Apr +62 10600

FC Sep +130 13397; Oct +157 13170; Jan +102 12525

LH Oct +22 5515; Dec +35 4945; Feb +57 5385

Milk Oct -14 1633; Nov -2 1640

US$ steady

Dow +178 18212

SP +21 2147

NAS +76 5250

Tran +45 7800

  VIX -1.84 16.30

 

WTI +33 4391

Brent +53 4638

Gas +7 143

NG +4 293

HO +3 142

Eth -1 150

Gold -8 1318

Slvr -2 1904

 

2-yr -.024 0.734%

5-yr -.013 1.184%

10yr +.011 1.698%

30yr +.026 2.470%

UK Extension shows you best practices for SAFELY removing your heavy equipment after becoming stuck.  View video HERE.
 

Kentucky Farm Bureau Minute video  - Click Here

KENTUCKY CASH GRAIN PRICES Click Here

KENTUCKY LIVESTOCK AUCTIONS --  Click Here

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