Ag Market Brief by ASNA Edge
AM Market Update 09/20/24
Good morning, Mrs. Sterling Smith, with your Agrosopho Morning Market Update. And we are seeing grain prices a little bit lower this morning as December corner at 402 is down three and three quarters. March at 420 is down four and a quarter and made 431 down four and a quarter. Four dollars again seems to be a bit of a magnet for those December futures. Soybeans, same story, we're at 10.03 and three quarters down nine and a half, ten dollars being the key area for November beans. January at 10.22 and a quarter that's down nine and March at 10.36 and a quarter down nine as well. December bean oil at 40.68 down 25, December meal 3.15, 90 down 570. December crush at 139 down 550 and March at 119.50 that's down three full cents. December wheat in Chicago 569 and a quarter that's up three and a quarter. Kansas City at 565 and three quarters down one and a quarter in Minneapolis 608 and a half that is up three quarters of cent. November rice at 15.48 is down four. December cotton 74.13 up 110 and March at 75.63 up 1.03. We had the limit up move on Monday then a bit of churning around. We seem to have found some new strength, better equity markets, interest rate cuts, etc. Working I think to drive the cotton here and we are probably chasing some of those shorts out of the market. December live cattle at 181.07 that's down five in front of today's cattle and feed report. November at 241.02 that's down 33. December hog 74.32 that's up three and November milk at 23.46 is up 37. November orange juice at 48.735 up 11.20 crude at 70.85 that's down 31 cents. November diesel at 2.16.95 down a penny and a quarter of gallon well and led it to just right at 201 is down a couple cents a gallon. Natural gas at 2.62 is currently up three. Gold 26.40 that's up $26 an ounce. Silver at 3147 that is up six cents. Dollar index at 100 spot 89 that is currently down 28. Stocks a little bit choppy this morning it is option expiration day and that typically comes along with with that and with yesterday's big run up seeing a little bit of a setback early isn't a big surprise. Dow right now 41,943 down only 80 points are less than a quarter percent. S&P is 56 84 that's down 28 down a half percent. NASDAQ composite 17,892 down 120 or three quarters of a percent. Interest rates this morning the two year at 363 up six basis points at 10 year at 375 up five basis points the 30 year at 408 is up three basis points. This is Sterling Spence from Sunny Omaha Nebraska wishing everybody a great morning.