Ag Market Brief by ASNA Edge
PM Market Update 09/20/24
Good afternoon, this is Sterling Smith with your Agorsampo afternoon market round up. December corn at 401 and a half down four and a quarter, March at to 419 and three quarters down four and a half. And May at 430 and three quarters down four and a half is little news to drive the market a little bit of harvest pressure there. November soybeans at 1013 and a half that was up quarter cent, January at 1031 and a quarter unchanged. March at 1045 and a quarter also unchanged. So again, not a lot of big movement going on. December soybean on at 4135 was up 42 while meal at 320 was down 140. December crushed at 145.75 that was up one and a quarter and March at 122.50 was unchanged. December wheat at 569 and a half that's up four. December at 565 that's 565 and a quarter that's up one and a quarter. And December Minneapolis at 608 up quarter. November rice at 1555 is up four. December cotton at 7352 up 49. March at 75.14 up 54. These markets were noticeably higher. Cotton is struggling to break out of its funk, but the weekly close above 70 is beneficial. December live cattle finished today at 183.27 that was up 215. November feeders at 241.75 that was up 40. We didn't get a cattle on feed report this afternoon and taking a look at the numbers. Looks like we did see some increases, but they were less than anticipated. So we could probably score this as being a little bit bullish and it looks like there was some late activity to drive the cattle market higher. Moving on to the hogs at 74.25 they were down five. Milk at 2303 down six. Orange juice 490.85 that was up 14.70. Crude 71.22 finished today actually up six. The market is looking a little overdone to the upside on the near term. Diesel at 2 18.46 up quarter centa gown while unleaded at 2 156.201.56 was down a penny in a quarter. Natural gas at 2 73 up 14. Gold 2646 dollars that's up 32 dollars an ounce. All time record high weekly close. Silver at 3147 was up five. Dollar index at 100 spot 74 that's up 14. Stocks choppy today it was option expiration, but we did have some positive closes. Dow Jones industrial average at 42,063 that's up 38 points and a new record high close. S&P 500 5702 that's up 10 points new weekly record high close. NASDAQ composite 17,948 that was down 65 points. Russell 2022 30 that was down 22 points. Interest rates finished the day quiet. Two year at 359 up one basis point. The 10 year at 373 up two basis points and the 30 year at 407 was up three basis points. This is Sterling Smith from Omaha Nebraska wishing everybody a great evening. [BLANK_AUDIO]