Market Update - October 13, 2014

Posted on Oct 13, 2014
Grain and livestock futures are up modestly with best percentage gains coming in Corn. Grains are recovering some of Friday’s losses which may have been overdone considering that the USDA reports were not bearish – the estimates were better than the average trade guess. Outside markets are mixed as the US dollar is weaker but energy prices continue to fall.

Livestock futures are higher as traders wait for cash market direction. With today being a Federal Holiday, price information will be less available.

U.S. equities are weaker on global growth concerns. The VIX (fear guage) is rising and is at its highest point since December 2012. The DOW is now below the December 31, 2014 close.

Corn Dec +7 341; May +7 363; Dec15 +6 388 Bean Nov +12 934; May +11 958; Nov15 +8 952 Meal Dec +4 315; may +4 306 Oil +33 3277 Wheat Dec +4 503; Jly +3 526 KC +7 584; MGE +5 558 Oats -1 342 Rice unch 1259

LC Oct +125 16615; Feb +117 16617; Apr +85 16602 FC Oct +52 24102; Nov +77 23997; Mar +92 23222 LH Oct +10 10955; Dec +67 9507; Apr +57 9207 Milk Oct -4 2410; Nov -9 2179

US$ -.4% Dow -.2% SP -.3% NAS -.2% Tran -.3% VIX +1.4% 2153

WTI -1.2% Brent -2% Gas -.3% NG +.5% HO -.7% Eth +2.6% Gold +.6% Slvr +.4%

Treasury Markets Closed for Columbus Day Futures markets indicate yields are lower.

KENTUCKY CASH GRAIN PRICES Click Here 

KENTUCKY LIVESTOCK AUCTIONS --  Click Here 

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Tagged Post Topics Include: Economics, Market updates