Corn Sep +4 344 (339-45); Dec +4 358 (353-59)

Bean Sep +18 937 (919-44); Nov +18 942 (924-49)

  Meal Sep +3 295 (291-96)

  Oil +107 3331

Wheat Sep +10 542(531-44); Dec +11 551; Jly +8 561

  KC +10 461; MGE +5 523

Oats +6 270

Rice +36 1262

 

LC Aug -107 10297; Oct -85 10615; Feb -45 11270

FC Aug -50 14197; Oct -77 14115; Jan -75 13995

LH Oct +17 5572; Dec +25 5657; Feb +12 6285

Milk Sep -29 1554; Oct -16 1738

CBOT futures closed strongly higher with the soy complex leading the way. The rally continued today on the same factors see earlier this week – declining crop conditions, export optimism/sales, short-covering in corn, and fund buying in beans. Wheat rallied on spillover support from corn and beans, as well as better U.S. wheat export sales in today’s weekly export sales report. Soybean futures are back to levels not seen since January. Corn futures are 5-10 cents below the July highs. U.S. soybeans are cheaper than Brazilian beans and Brazil’s supply is reportedly getting tight.

Cattle futures closed moderately lower on a weaker cash market. Live cattle losses extended the 5-day price decline. Choice beef edged up .09 to 231.54 and Select gained only .15 to 214.26. Cash fed prices are lightly traded but have a weaker tone. Prices are mostly $105/cwt live and $156/cwt dressed.

Lean hog futures closed slightly higher and remain near the highs of the August rally. Today’s weekly export sales report showed 39,400 MT of pork for week ending August 20, up 56 percent from the 4-week average. FOB Plant Pork ended up .88 at 72.78 with strength in loins and ribs offsetting a sharp 12% drop in the value of picnics.

US$ +.2%

Dow +160 28492

SP +6 3485

NAS -40 11625

Tran +79 11206

  VIX +1.11  24.38

 

WTI -37 4302

Brent -54 4510

Gas -8 128

NG +12 258

HO -3 121

Eth +2 130

Gold +32 1972

Slvr -38 2706

 

2-yr +.004 0.158%

5-yr +.017 0.307%

10yr +.055 0.742%

30yr +.094 1.500%
 

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