Market Update - September 24, 2014

Posted on Sep 24, 2014
CBOT futures are trading higher led by the Wheat markets. Wheat futures are supported by short-covering (trading funds are huge shorts) and some export business. Corn is also bouncing off new contract lows on technical buying. A continued surge in soybean oil futures is holding up soybean futures.

Cattle futures are lower with midday boxed beef near steady after dropping hard on Tuesday.

Lean Hog futures are mixed with nearby October weaker as midday pork values are off slightly. Traders are preparing for Friday’s Hogs and Pigs Report. All hogs is estimated to be 96.7%, kept for breeding is estimated to be 101.7%, and kept for market is estimated to be 96.2%.

Deadline to Enroll 2015 Wheat in SCO is September 30, 2014 Click Here to read UK’s update.     SCO is available in Ballard, Calloway, Christian, Daviess, Graves, Logan, Simpson, Todd, Trigg, and Warren counties.

Corn Dec +3 329; May +3 350 Bean Nov +2 938; May +3 961 Meal Oct -1 316; May -1 304 Oil +57 3280 Wheat Dec +7 483; Jly +5 510 KC +5 567; MGE +7 541 Oats +8 341 Rice +6 1272

LC Oct -50 15495; Feb -10 15980 FC Sep -27 23062; Oct -62 22952; mar -15 22020 LH Oct -37 10750; Feb +22 9127 Milk Oct +27 2493; Nov +47 2275

US$ +.3%

Dow +.5% SP +.4% NAS +.6% Tran +.1% VIX -6.3% 13.99

WTI +.1% Brent -.6% Gas +.1% NG +.9% HO -.4% Eth +.9% Gold -.3% Slvr -.4%

5-yr +.022 1.783% 10yr +.014 2.546% 30yr +.007 3.258%

KENTUCKY CASH GRAIN PRICES Click Here 

KENTUCKY LIVESTOCK AUCTIONS --  Click Here

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Tagged Post Topics Include: Economics, Market updates