Row Crops Hold Small Gains; Wheat Slides Lower
After three days of selling, March contracts of corn and soybeans finished the session with small gains Thursday, helped by news of more export sales. All three U.S. wheats ended a little lower despite a new forecast of continuing drought in the western U.S. Plains.
Livestock Contracts Bat for Higher Prices
Heading into Friday, the livestock complex is hopeful to keep these strong gains.
Soybeans, Meal Lower Again at Midweek
Soybeans and meal were lower as weather conditions improved in parts of South America.
December Dairy Cattle Slaughter Jumps
February, March and April Class III contracts took a beating Thursday, following cheese prices lower again. One wonders if there is a bottom in cheese as sellers continue to remain aggressive. Dairy cattle slaughter jumped from November and was also higher than December 2019.
Ethanol Futures, Cash Prices Lower
Front-month February ethanol futures were down 3 cents Thursday at $1.60 and March ethanol futures were down 3 cents at $1.575. March corn closed up 2 1/4 cents at $5.24 1/4 and May corn closed up 2 1/4 cents at $5.26 1/4.
Retail Fertilizer Prices Chug Higher With MAP, Anhydrous Leading
Retail prices for six of the eight major fertilizers tracked by DTN climbed this week, with MAP once again leading the pack upwards.
Cotton Higher as Trend Remains Up
The market ended with triple-digit gains Thursday as the U.S. dollar traded lower and Chicago grains recovered.
New-Crop Leads the Canola Market Higher
Old-crop soybeans ended 3/4 cent to 2 3/4 cents higher, canola finished $8.60 to $12.80/mt higher, corn settled 1 cent to 3 cents higher, SRW ended 5 3/4 cents to 7 cents lower, HRS ended 1 cent to 2 1/4 cents lower and HRW settled 1 1/4 cents lower across old-crop contracts.