Spec Home 2018 For Sale

Click Here for Details

Importance of Nitrogen to Corn Growth

Is Instinct® HL right for you?

CFE QUICK VIEW

GO TO WEATHER
SEE ALL EVENTS

CFE Grain Comments

4/20/2018

Good Morning!

Grains are under moderate pressure as we finish another week of trading. Uncertainties regarding trade relations and improved weather conditions for next week are both weighing on values. Crude oil is lower after making new highs on Thursday, the dollar is a touch higher and the Dow is down roughly 30 points. For the week, corn is down 6 cents; soybeans are down 23 cents; soymeal lost $10; winter wheat is down 9 cents, and; SRW is down roughly 8 cents.

Crude oil is pressured this morning amidst a tweet from President Trump suggesting oil prices are too high and won’t be tolerated. The tweet was targeted towards OPEC, suggesting prices are too high considering excess world supplies.

The average trade estimate for this afternoon’s Cattle on Feed Report has the number of cattle on feed as of April 1st at 107.4%. Placements in March are pegged at 89.8% of a year ago. Marketed in March is estimated at 96.0% of last year.

Several cargo ships carrying US grain sorghum destined to China have changed course following Beijing’s hefty anti-dumping duties on U.S. imports of the grain. According to USDA’s Federal Grain Inspection Service, 20 ships are on the water carrying over 1.2 million tons of U.S. sorghum. At least five changed course within hours of China's announcing tariffs on U.S. sorghum imports on Tuesday.

It appears China is unwilling to accept adverse trade rulings from the WTO. China's Ministry of Commerce said Friday that it will continue with its antidumping measures on imports of pulp from the U.S., Canada and Brazil. The duties will continue despite a ruling by the WTO that said Beijing failed to show that imported pulp hurt the domestic industry.

Have a great weekend and be safe out there!
 

 

This Marketing Information provided by

Wayne Kollis - Melissa Peters - Mike Rosenberg - Matt Zeman
 

@CK8
@CK8
CORN
Last High Low Change Last Updated  
May '18 3.7650 3.8175 3.7625 -0.0550 4/20/18 3:56 PM
Jul '18 3.8550 3.9075 3.8525 -0.0550 4/20/18 3:55 PM
Sep '18 3.9300 3.9800 3.9275 -0.0550 4/20/18 2:43 PM
Dec '18 4.0250 4.0750 4.0225 -0.0550 4/20/18 2:41 PM
Mar '19 4.1025 4.1500 4.1000 -0.0525 4/20/18 2:30 PM
SOYBEANS
Last High Low Change Last Updated  
May '18 10.2875 10.3850 10.2775 -0.0850 4/20/18 3:38 PM
Jul '18 10.4025 10.5000 10.3950 -0.0875 4/20/18 2:40 PM
Aug '18 10.4200 10.5175 10.4150 -0.0850 4/20/18 1:30 PM
Sep '18 10.3750 10.4575 10.3600 -0.0700 4/20/18 1:30 PM
Nov '18 10.3500 10.4400 10.3375 -0.0750 4/20/18 2:46 PM
SOYBEAN MEAL
Last High Low Change Last Updated  
May '18 374.1 376.3 370.4 0.8 4/20/18 3:30 PM
Jul '18 378.6 381.0 375.0 0.8 4/20/18 2:39 PM
Aug '18 378.5 380.4 375.5 0.2 4/20/18 1:30 PM
Sep '18 377.4 379.2 374.9 -0.6 4/20/18 1:20 PM
Oct '18 375.9 377.6 373.7 -0.7 4/20/18 1:30 PM
LEAN HOGS
Last High Low Change Last Updated  
May '18 69.950 70.750 69.900 -0.200 4/20/18 4:10 PM
Jun '18 77.550 78.500 77.325 -0.525 4/20/18 1:05 PM
Jul '18 80.025 80.975 79.875 -0.675 4/20/18 1:05 PM
FEEDER CATTLE
Last High Low Change Last Updated  
Apr '18 137.300 138.625 136.475 0.075 4/20/18 1:05 PM
May '18 139.325 139.700 137.150 0.900 4/20/18 4:08 PM
Aug '18 144.500 144.775 141.550 0.800 4/20/18 1:05 PM
LIVE CATTLE
Last High Low Change Last Updated  
Apr '18 119.350 119.425 117.150 1.550 4/20/18 4:10 PM
Jun '18 103.725 104.000 101.625 0.725 4/20/18 4:10 PM
Aug '18 103.800 103.950 101.725 0.675 4/20/18 2:30 PM
DTN Click here for info on Exchange delays.

Interval: 
Duration: 
Chart Type: 
Range : Start Date End Date
SEE MORE FUTURES

CFE CONNECT