Ag Market Brief by ASNA Edge
AM Market Update 09/19/24
Good morning, this is Sterling Steneth with your Agrosompa Morning Market Update. And we are seeing some pressure in the corn market this morning, December corn at 405. Down 7 1/4, March at 4.24, and a quarter down 6 1/2, and May at 4.35 down 6 1/2. We'd see an open interest rise a little bit of late, indicating we had some fresh buying coming into the market that appears to have dried up, and today's decided risk on tone may be emboldening the funds to actually be sellers here. Remember, harvest is right around the corner, and with that is going to come plenty of corn coming into the market, and that is going to be a wait on prices. November beans at 10 10 down 4, January at 10 28 down 4, and March at 10 42 down 3 3/4. December bean oil at 48, that's up 49. Very good soybean oil export sales today. December meal at 321 is down 40. Let's see, old crop crush, winter crush at 145, that's up 9. Spring crush at 123 is up 4 cents. December wheat in Chicago at 5.65 is down 10 3/4. Well, December, Kansas City at 5.66 and 3/4 down 11 and 3/4. December Minneapolis at 6.09 is down 7.5. November rice at 15.47 is currently up 1. December cotton 72.24, that's up a dollar. March at 73.93, that's up 94. The sharp, spectacular rise in the equity markets may be helping cotton out a little bit here. December live cattle at 181 even, that's up 115. While November feeders at 240.55, that's up 242. December hogs at 73.90 are up 3. November milk at 230.70 is currently up 24. While orange juice for November at 4.76.80 is down 19.35. Crude out 70.84 is up about a dollar a barrel. November diesel to 17.60, that's up a penny in 3/4, unleaded at 202 is up 4 cents currently. December natural gas at 254, that's down 2. Gold at 260.70 is up $9.30. December silver at 31.19, that's up 51. Dollar index at 100 spot 88. That's up 28. Stocks, record highs. Dow Jones industrial average $41,936 up 4.33. We've been as high as 42.105. S&P 557.13, that's up 95, new record high. We've been as high as 57.23. NASDAQ composite at 18,050. That is up 476. That is up 2.75% on the day. That market is about 600 points below its all-time record high. Also higher but still below their record high, the Russell 2000 22.40, that's up 34 points, a gain of 1.5%. Interest rates, a little choppy here, the two year at 359 down 2 basis points, 10 year at 373 up 3 basis points, and the 30 year at 407 is up 3 basis points. This is strong, so it's from Sunny, Omaha, Nebraska, wishing everybody a great day.