Market Update - January 15, 2013

Posted on Jan 15, 2013
CBOT futures are trading mixed at midday. Corn and wheat futures are higher on reports of export business. Soybean futures were higher overnight but have been selling off since early morning while corn has rallied. Old-crop corn basis is strengthening.

Live Cattle futures are trading mixed on a lack of fresh news on cash cattle prices. Feeders are lower on pressure from rising corn prices.

Lean Hog futures are slightly higher in nearby contracts, supported by yesterday’s cash market strength.

Corn Mar +8 732; Jly +7 721;; Dec +4 588

Bean Mar +3 1421; Jly -1 1398; Nov unch 1286   Meal Mar -4 413; Oct -3.5 362.5   Oil +78 5123

Wheat Mar +16 783; Jly +18 795   KC +13 837; MGE +13 865

LC Feb -5 13030; Apr -35 13440; Oct unch 13332 FC Jan -82 14862; Apr -60 15270; Aug -40 16017 LH Feb +25 8547; Apr -5 8780; Jly -22 9667 Milk Jan unch 1812; Feb +11 1769

Oats +3 357

Rice -3 1503

US$ +.1%

Dow steady SP -.1% NAS -.3% Tran +.5% VIX +.7% 13.62

WTI -.4%

Brent -.8%

Gas -1%

NG +2.4%

HO -1%

Eth +.6%

Gold +.8%

Slvr +.8%

5-yr -.025 0.745% 10yr -.025 1.830% 30yr -.026 3.011%

Tagged Post Topics Include: Economics, Market updates