Market Closes - November 26, 2018
Posted on Nov 26, 2018Corn Dec -3 356 (355-60); Mar -2 368; Dec19 -3 392
Bean Jan -19 862 (857-83); Mar -18 876; Nov -15 915
Meal -3 303
Oil -69 2696
Wheat Dec +8 507; Jly +5 525 (522-26)
KC +3 464; MGE +3 577
Oats -9 278
Rice -1 1075
LC Dec -17 11692; Apr -27 12287; Jun -12 11530
FC Jan -22 14915; Apr +22 14647; Aug +15 15060
LH Dec -167 5740; Apr -110 7130; Jun -105 8435
Milk Dec -19 1413; Jan -22 1424
CBOT futures closed widely mixed with the soy complex ending lower on continued concerns for US/China trade relations. Bean bulls are hanging their hope (and wallet)on good news coming out of the G20 Summit later this week. December Soybean Oil led the soy market lower with a 3% drop, hitting a new contract low. Wheat futures were the bright spot today, rallying on news of a Russian attack on Ukraine vessels.
As of November, 25: U.S. Corn is 94% harvested, compared to 96% for 5-yr average. U.S. Soybean is 94% harvested, compared to 98% for 5-yr average.
Kentucky’s soybean harvest is only 80% complete, compared to 91% for 5-yr average.
Cattle futures closed narrowly mixed. Choice beef closed up .60 to 214.45 and Select gained 1.28 to 199.79.
Lean hog futures dropped markedly even though the pork cutout rebounded from Friday’s multi-month lows. FOB Plant Pork jumped 1.29 to 68.22.
US$ +.1% 97.08
Dow +354 25640
SP +41 2673
NAS +143 7082
Tran +108 10477
VIX -262 1890
WTI +117 5159
Brent +172 6052
Gas +5 144
NG -8 423
HO +2 189
Eth -2 126
Gold -1 1222
Slvr -5 1419
2-yr +.017 2.837%
5-yr +.007 2.887%
10yr unch 3.054%
30yr +.003 3.313%
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