DTN Closing Grain Comments
Corn, Soybeans, Bean Oil Tumble Tuesday; Recover Some Late
With expiring September futures first notice day past, grain and soy futures continued to plummet. Recent heavy rains in some key dry areas of the Corn Belt, along with the bearish impact of damaged Gulf export facilities from Hurricane Ida, combined to encourage funds to liquidate more longs. Corn and soy recovered late, but still finished down hard.
DTN Midday Livestock Comments
Losses Sweep Through Livestock Trade Tuesday
Pressure is evident in livestock futures as traders focus on follow-through weakness established Monday in live cattle and lean hog futures. The double-digit losses in corn futures for two consecutive days have not only changed trader interest but have created questions of further short-term support.
DTN Daily Feedstuffs Comments
Corn Starts the Week Lower; DDG Unchanged
December corn closed lower Monday as weekend rains and more expected, may be beneficial for some of the corn crop.
DTN Midday Dairy Comments
Milk Futures Post Gains
Block cheese held and barrels increased, resulting in milk futures moving into positive territory. Butter and nonfat dry milk prices showed strength, providing support for Class IV futures. The July Agricultural Prices report will be released Tuesday afternoon.
DTN Daily Ethanol Comments
Ethanol Futures Start the Week Unchanged
September ethanol futures were unchanged at $2.220 Monday and October ethanol futures were unchanged at $2.207. The September corn market closed down 17 3/4 cents at $5.40 1/4, while December closed down 11 cents at $5.42 3/4.
DTN Retail Fertilizer Trends
No Major Price Increases as Fertilizers Maintain Upward March
While retail fertilizer prices continue to trend higher, its more muted. In the third week of August, no fertilizer price increased by 5% over last month, DTNs threshold of significance.
DTN Closing Cotton Commentary
Cotton Lower Tuesday on Selling
Failing to let Hurricane Ida bullishly motivate prices, the cotton market took a nosedive Tuesday.
Plains Prairies Opening Comments
Canola Finds Independent Strength Overnight
November soybeans are unchanged, November canola is up $4.90/mt, December SRW is down 5 1/4 cents, December HRS is down 4 1/4 cents, December HRW is up 1/4 cent and December corn is 1/2 cent higher. The Canadian dollar has gained 0.00175 cent against the U.S. dollar.
To read the full comments, Start your free MyDTN demo
Find us at the office
Exel- Frazzitta street no. 61, 44925 Kingston, Norfolk Island
Give us a ring
+23 274 947 142
Mon - Fri, 10:00-21:00