Market Update - March 5, 2013 - Kentucky Farm Bureau

Market Update - March 5, 2013

Posted on Mar 5, 2013
CBOT futures are higher lead by old-crop soybean futures following reports of additional soybean export sales to China/others. The South American crop isn’t getting on the ships quick enough.

Livestock futures showed early strength following the pit opening at 9 am CDT, but have since sold off. The April Live Cattle contract currently is charting a bearish reversal so the recent $4.50 rally may be set for a correction.

Corn May +4 707; Jly +3 685; Dec +3 553 Bean May +7 1469; Jly +5.5 1449; Nov +4 1273   Meal May +2 435; Oct +3 360   Oil +10 5036 Wheat May +2 704; Jly +2 707; Dec +3 728   KC +4 742; MGE +3 795

LC Apr -42 12992; Oct -105 12917 FC Mar -80 14172; Apr -97 14375; Aug -147 15307 LH Apr -40 7990; Jun -32 9025 Milk Mar +8 1690; Apr +11 1729

Oats +3 388 Rice -8 1550

US$ unch Dow +1%  NEW RECORD HIGH SP +1% NAS +1.4% Tran +1.8%   VIX -5% 13.32

WTI +.2% Brent +.6% Gas +.3% NG +.9% HO +1% Eth +.7%

Gold +.1% Slvr +.4%

5-yr +.02 0.77% 10yr +.02 1.89% 30yr +.02 3.10%

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Tagged Post Topics Include: Economics, Market updates


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