Market Update - December 3, 2012

Posted on Dec 3, 2012
  CBOT futures are trading higher but corn and wheat are well off the early morning highs and making new lows for the day.  Soybean futures are performing best with the help of soybean oil futures.

  A weaker US dollar is supportive to commodity futures.  But this is leading to higher Treasury rates.

  Cattle futures are trading lower after cash cattle traded $2-3/cwt lower on Friday. The Choice cutout value dropped $1/cwt.

  In contrast, the cash hog market traded higher Friday and that’s boosting Lean Hog futures today. Demand for Christmas hams is supportive.

Corn Dec +2 750; Mar +2 755; Dec’13 +3.5 639

Bean Jan +17 1456; Mar +17 1449; Nov +13 1318   Meal Dec +3 445; Oct +3 373   Oil +83 5024

Wheat Dec +3 848; Jly +3 874   KC +2 900;  MGE +6 924

LC Dec -45 12627; Apr -27 13430 FC Jan -52 14510; Apr -37 14955; Aug -42 15557

LH Dec +87 8495; Apr +30 9207

Milk Dec -2 1872; Jan -3 1876

Oats +5 365

Rice +7 1534

 US$ -.4%

Dow -.1%

SP steady

NAS +.1%

Tran -.8%

VIX +1.6% 16.12

WTI +.3%

Brent -.2%

Gas -.1%

NG +1.6%

HO -.1%

Eth +.6%

Gold +.4%

Slvr +1.5%

5-yr +.016 0.631% 10yr +.025 1.633% 30yr +.028 2.823%

Tagged Post Topics Include: Economics, Market updates