Market Update - January 13, 2014 - Kentucky Farm Bureau

Market Update - January 13, 2014

Posted on Jan 13, 2014
CBOT futures are mostly higher with soybean meal and soybean futures leading the market higher on good soybean export data.  Wheat futures are higher on increased US export wheat sales as the US price is now competitive with European sources. Corn futures have been on both sides of unchanged following Friday’s sharp rally on the bullish USDA reports.

Livestock futures opened on their highs and then proceeded to sell off quickly.  Feeder Cattle futures have been especially volatile today with $2.00 price ranges. Live Cattle futures have recovered much of the early losses as last week ended with record-high fed cattle and beef values.

Corn Mar +1 434; Jly unch 448; Dec -1 457 Bean Mar +14 1292; Jly +12 1258; Nov +11 1111 Meal Mar +7 420; Oct +7 348 Oil -35 3788 Wheat Mar +3 572; Jly +5 585 KC -2 623;  MGE +1 622 Oats +6 392 Rice +3 1568

LC Feb -5 13665; Jun -27 12997 FC Jan -67 16797; Apr -95 16760 LH feb -27 8555; Apr -30 9070 Milk Jan +14 2064; Feb +26 2047

US$+.1%

Dow -.2% SP -.2% NAS unch Tran -.2% VIX -1.6% 11.94

WTI -.8% Brent -.2% Gas -.7% NG +4.8% HO -.1% Eth -1%

Gold +.2% Slvr +.1%

5-yr -.02 1.61% 10yr -.01 2.85% 30yr -.01 3.79% 

KENTUCKY CASH GRAIN BIDS Click Here

Tagged Post Topics Include: Economics, Market updates


Comments

Post a Comment

Required Field