USDA Daily Market Rates 10/20 06:15 DAILY MARKET RATES(GRAIN/MISCELLANEOUS COMMODITIES)
DTN Chart Technical Points 10/19 16:30 DTN FUTURES 10 10/19/21 SLOW STOCHASTIC
Active selling developed in lean hog futures Tuesday as triple-digit losses developed in all nearby and most deferred contracts. Traders pulled back from previous gains but are holding onto support by the narrowest of margins. Cattle futures eroded moderately as traders remain uncertain of placement and on-feed numbers in the upcoming Friday report.
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, October 19 Exchange rate was 1.2366 down 0.0015
FARM MARKET NEWS - CORN REPORT FOR Tue, October 19 Exchange rate was 1.2366 down 0.0015
Even though the much-rumored new soy business with China did not show up in Tuesday's 8 a.m. sales, soybeans rose to solid gains for the fourth straight day, fueled by resurgent meal futures. Corn was firm early, but ended a few cents lower and failed to rally above the 50-day average. Wheat markets finished mixed, with Minneapolis settling just under the recent high.
Livestock future values eroded during morning trade Tuesday with narrow losses in most live cattle and feeder cattle contracts. Lean hog futures are posting more noticeable price pullbacks as traders adjust positions following aggressive gains over the past two days. Trade is expected to remain sluggish through the end of the day.
Corn is flat at midday after a mixed Tuesday morning; soybeans are 9 to 11 cents higher and wheat is 1 to 7 cents higher.