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Articles by Jim Knuth
DTN Grain Close: Wheat Soars, Soybeans Sink
Hand full of mature wheat heads. Photo: K-State Research and Extension - Creative Commons March Chicago wheat closed up 11 cents at a new one-year high of $5.81 1/2, taking advantage of a lower-supply situation for SRW wheat and signs of increased world demand. March soybeans, on the other hand, fell 13 3/4 cents to a one-month low of $9.16 with concerns most of China’s purchases may happen later in 2020.
DTN Livestock Midday: Lean Hog Market Is Working, Cattle Trade Is Quiet
©Debra L Ferguson Stock Photography After the long weekend the market open is largely uneventful with cattle contracts be lethargic. It’s too early for cash cattle trade to develop and lean hog contracts are trading slightly higher. But after last week’s signing of the phase one trade agreement and the emotional influx surrounding its being approved, it’s healthy for the market to open to a steady, largely unchanged market place.
DTN Grain Midday: Soybeans Sharply Lower
CORN Corn trade is 1 to 2 cents lower at midday with trade fading back from the upper end of the range to start the week as we try to find some equilibrium after the moves at the end of last week. Ethanol margins remain tight, with futures just above the lows with export business needing to pick up, or we will likely see plants being idled again soon. U.S. weather will likely limit short-term movement in most areas with warmer weather expected to be on the way.
DTN Cotton Open: Lower on Phase One Uncertainty
Cotton modules lined up in a gin yard. ©Debra L Ferguson Having a long weekend to mull the Phase One Agreement, the cotton market is taking a bearish tone Tuesday morning. One major reason is the lack of specifics regarding future Chinese purchases. Additionally, the market has attained an overbought technical status after having rallied nearly 1500 vertical points since its August low. To that point, certain speculators have flipped from a net short to a net long position.
DTN Grain Open: Mostly Weaker Awaiting Chinese Buying Confirmation
Mississippi River Port ©Debra L Ferguson Stock Photography 6:00 a.m. CME Globex: March corn is down 2 1/2 cents per bushel, March soybeans are down 3 3/4 cents, and March KC wheat is down 2 3/4 cents. CME Globex Recap: Global equities are weaker around the globe, led by Asian shares which closed sharply lower amid concerns about the rapid spread of a potentially deadly pneumonia-like virus originating in central China.
DTN Livestock Open: Renewed Support Likely Following Long Weekend
©Debra L Ferguson Stock Photography Traders come back to the complex Tuesday morning following strong Monday moves in beef and pork values as traders look to regain previous market weakness although trade early Tuesday is still expected to remain sluggish.
China Deal: Taking a Closer Look at the Language - DTN
The Port of Rosedale - Rosedale, Mississippi - Mississippi River ©Debra L Ferguson Stock Photography As often accompanies political events like the signing ceremony for the phase-one trade agreement with China on Wednesday, Jan. 15, there was a lot of self-congratulating and verbal high fives in the room. Various officials thanked each other for putting together such a fine document — a win-win for both sides.
DTN Livestock Close: Leaving on a Positive Note
Photo: Blair Fannin, Texas A&M AgriLife Extension Service As the market prepares for a three-day weekend, it’s positive to see two out of the three livestock contracts trading higher. GENERAL COMMENTS: If there is a take away that the market can learn from this week, it is that it’s wise to not bolster the market with sheer hopefulness and anticipation until the fine details are printed and clear.
Ag Leaders Guardedly Optimistic on 2020 - DTN
©Debra L Ferguson Offering some insights into the economic situation of Midwest agricultural loan customers, Farm Credit Services is guardedly optimistic looking at the agricultural economy for 2020. Jim Knuth, senior vice president of Farm Credit Services of America, highlighted some of the rationale for optimism during a breakout session Tuesday at the Land Expo 2020 in Des Moines. FCSA is the largest agricultural lender in the upper Midwest, focusing on Iowa, Nebraska, South Dakota and Wyoming.
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