Soybean Oil Leads Friday's Percentage Gains in Grains
December soybean oil closed higher Friday, boasting the top percentage gain among grain-related contracts for Friday and for the week. Row crops were quietly mixed as fall harvest heads into an active weekend.
Livestock Trade Mixed, Quiet Friday
Livestock futures are mixed Friday morning with narrow to moderate trading ranges as traders adjust to previous market swings from the week. A report-heavy afternoon is in store for all livestock markets with Cattle on Feed and Hogs and Pigs reports released at 2 p.m. CDT.
Corn Higher, DDG Lower Thursday
December corn closed higher for a second day in a row Thursday.
Butter Falls Back
Class III futures are mixed due to cheese prices remaining unchanged during spot trading. Minor support came from a slight increase of dry whey. Butter fell back again eliminated much of Thursday's gain.
Cash Ethanol Prices Higher Thursday; RINs Lower
The December corn market closed up 3 1/4 cents at $5.29 1/4 on Thursday, while March closed up 4 cents at $5.37.
DAP Fertilizer Tops $700 Per Ton for First Time in a Decade
The average retail price of potash climbed 6% compared to last month, while DAP prices surpassed $700/ton for the first time in a decade.
Cotton Higher on Technicals, Weather
The cotton market is inching higher on its technical rebound and some concern about Hurricane Sam.
Grains Mostly Weaker to Start the Day
November soybeans are down 2 1/2 cents, November canola is up $2/mt, December HRW is down 4 1/4 cents, December SRW is down 2 3/4 cents, December HRS is down 2 1/2 cents and December corn is down 2 1/4 cents. The Canadian dollar is down 0.00135 cent against the U.S. dollar in overseas trade.