Corn Pushes Higher a Third Day
December corn closed up 4 3/4 cents Friday, turning a bearish start to the week into a bullish finish with help from flooding concerns in the north-central Midwest. Soybeans and wheat were lower in quiet trading, but also held on to decent gains for the week.
Cattle on Feed Report Bearish
Cattle futures closed in positive territory as positioning ahead of the Cattle on Feed report dominated the day.
Soybeans and Corn Higher Thursday; DDG Steady
Soybeans and corn turned higher with some support from the continuing rains in the Midwest stalling harvest and possibly hurting crops.
Futures Hold Strong Gains
Class III futures were unchanged to higher across the board in a surprising show of strength. Barrels and butter declined while blocks increased, but the increase did not offset the losses. Traders may have decided it was time to take profits and the drop in barrels may gain the interest of buyers next week.
Ethanol Lower as Corn Moves Higher Again
Ethanol futures closed 1.1 cents lower at $1.251 per gallon in the October contract and 0.008 cent lower in the November at $1.268. Corn closed up 4 3/4 cents in the December contract at $3.57 1/4 and up 4 1/2 cents in the March contract at $3.69 1/4.
Fertilizer Prices Shift Higher Again
The average retail price of all eight major fertilizers tracked by DTN moved higher this week, with urea prices jumping significantly.
Cotton Negotiates a Higher Close At Week's End
December cotton closed moderately higher as end-of-the-week buying and short-covering took prices back above the 7900 mark.
Back-Months Lead Canola to a Higher Finish
Soybeans ended 1/4 to 3 cents lower, canola finished $.60 to $2.60/mt higher, corn ended 3 1/2 cents to 4 3/4 cents higher, spring wheat ended 3 1/4 to 6 cents lower.