Market Update - February 17, 2015

Posted on Feb 17, 2015
The CBOT is starting the 4-day week with little price change in corn and wheat, but the soy complex is active. Traders are boosting soybean meal futures on ideas of strong demand; however, lower soybean oil futures are mostly offsetting the benefit of higher meal futures.

Livestock futures are down sharply after starting trading today with higher openings – although prices headed south right after the opening bell. This weakness is occurring despite steady beef and pork values yesterday and today. Today’s losses are unwinding Friday’s positive price action.

Corn Mar -2 385; Jly -2 401; Dec -1 416 Bean Mar +5 996; Jly +5 1005; Nov +4 975 Meal Mar +6 338; Oct +5 321 Oil -52 3188 Wheat Mar unch 533; Jly unch 532 KC -1 561; MGE +3 590 Oats -1 277 Rice +1 1054

LC Feb -137 15862 (hi 16020); Apr -192 15130; Oct -175 14457 FC Mar -185 20200 (hi 20480); May -220 20032; Aug -215 20282 LH Apr -175 6427 (hi 6655); Jun -157 7855; Oct -147 6925 Milk Mar +47 1599; Apr +33 1553

US$ -.1%

Dow -.1% SP -.1% NAS -.1% Tran -.1% VIX +7.7% 15.82

WTI -2% Brent -.7% Gas -2.6% NG -2.5% HO -.75 Eth +.3% Gold -1.75 Slvr -5.6%

5-yr +.068 1.583% 10yr +.071 2.092% 30yr +.066 2.691%

Tagged Post Topics Include: Economics, Market updates