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Articles by Wheat Futures
DTN Cotton Open: Lower on Outside Influences
Cotton planter loading seeds. Texas A&M AgriLife Extension Service photo by Dr. Gaylon Morgan The cotton market is lower Friday as selling unfolds across much of the commodities complex. The grains and metals, among others, are markedly lower Friday in a confusing, seesaw trade. In addition, Russia’s invasion of Ukraine is causing urgent flight-to-quality buying in the U.S. dollar, which is also cotton-negative USDA released its delayed weekly export sales, and they were better-than-expected.
DTN Livestock Open: Selling Pressure May Pause
Live cattle were lower at the open Thursday as pressure on feeder cattle spilled over. Corn locked limit-up during the night had traders running for the door, resulting in some impressive chart action. Hogs made an initial valiant attempt to recover from Wednesday’s losses but succumbed to spillover pressure. Cattle: Steady. Futures: Mixed. Live Equiv: $195.91 -$1.81* Hogs: steady. Futures: Mixed. Lean Equiv: $121.48 +$5.01** *Based on formula estimating live cattle equivalent of gross packer revenue.
Fuel Report: Prices Continue to Climb
Diesel, gas pump. ©Debra L Ferguson The U.S. average diesel fuel price increased nearly 4 cents to $4.06 per gallon on February 21, $1.08 higher than a year ago.
Moving Grain: Panama Canal Announces Closures for Maintenance Work
Panama Canal Announces Closures for Maintenance Work Today, February 24, the east lane of the Panama Canal’s Miraflores Panamax Locks will be out of service for 12 hours for scheduled maintenance work. During the outage, the locks’ daily estimated transit capacity will be 25-27 vessels, down from their normal capacity of 34-36 vessels. On March 2, the Miraflores Panamax Locks’ west lane will be closed for scheduled maintenance.
DTN Grain Open: Lower as Fighting in Ukraine Continues
©Debra L Ferguson Stock Images Pre-6 a.m. Globex Prices: March corn was down 23 1/4 cents, March soybeans were down 43 1/2 cents and March KC wheat was down 30 1/2 cents. CME Globex Recap: Early Friday, Dow Jones futures are trading lower again after mounting a late session rally on Thursday that resulted in slightly higher closes. Fighting in Ukraine continues, especially around the capital of Kyiv where Twitter says Russian tanks are rolling and fighting is described as fierce.
South Carolina: Clemson Releases ‘MyIPM for Row Crops’ App
Corn earworms, bollworms. Photo: Bob Griffin, University of Arkansas Farmers have a new tool this year to help identify and defeat diseases and pests in their row crops. A MyIPM for Row Crops app was developed at Clemson University in collaboration with specialists from a number of Land-Grant universities and the Southern IPM Center. This free smartphone app is available for Android smartphones in the Google Play Store and for iPhones in the Apple Store.
Fertilizer Prices Climb, Acreage Decisions Loom, and Wheat, Soybean Prices Surge
Dry fertilizer spreader. ©Debra L Ferguson Stock Photography reported on Wednesday that, “Average retail prices for most fertilizers continued to climb the second full week of February 2022, according to sellers surveyed by DTN. For the second week in a row, prices of all but one of the major fertilizers were higher compared to last month.
DTN Livestock Close: Livestock Futures Drop $2 to $4 On Wild Day
Live cattle, feeder cattle and lean hog futures all collapsed by triple digits Thursday amid frantic trading volume, mostly driven by the wild outside markets that got seriously spooked by Russian aggression and a new war in Europe. GENERAL COMMENTS: The actual values of animals and meat products in the U.S. haven’t been instantaneously changed by this new war in Ukraine. Cash cattle, for instance, saw light trade Thursday fully steady with last week’s weighted averages: $142 Southern live basis.
DTN Grain Close: Corn, Wheat Finish Higher With Ukraine Under Attack
©Debra L Ferguson Stock Images Early Thursday, corn, soybeans and both winter wheats were all limit-up, but by the end of the day there was some moderation. March corn closed up 11 1/4 cents and March Chicago wheat ended up its 50-cent limit, but March soybeans fell 13 1/2 cents. GENERAL COMMENTS: March corn closed up 11 1/4 cents and December corn was down 6 1/2 cents. March soybeans closed down 13 1/2 cents and November soybeans were down 36 cents.
DTN Cotton Close: Market Whipsaws Lower
Cotton planter loading seeds. Texas A&M AgriLife Extension Service photo by Dr. Gaylon Morgan In a wild, two-sided session fueled by Russia’s invasion of Ukraine, cotton rose from 2.00 cents higher to 2.00 cents lower. Of course, with greed taking the reins from prudence, many markets that were demonstrably higher in the early morning trade are flat to lower to close Thursday. Their decline influenced cotton lower.
Texas Corn: Maximizing Crop Profits Under Limited Water
Pivot irrigation. Photo: Kay Ledbetter, Texas A&M AgriLife Research Researchers have adapted a crop model for use in the Texas High Plains to simulate crop water use and corn yield that can help producers adjust center-pivot irrigation strategies and maximize profitability with limited water.
DTN Grain Midday: Corn, Wheat Futures; Soybeans Lower
Mississippi River Port ©Debra L Ferguson Stock Photography Corn futures are 15 to 16 cents higher at midday Thursday; soybean futures are 11 to 22 cents lower; wheat futures are 34 to 46 cents higher. CORN: Corn futures are 15 to 16 cents higher, fading from limit-higher trade after the initial military operations commenced in Ukraine, with negative spillover from soybeans. Ethanol margins will remain poor until stocks can be cleared.
DTN Livestock Midday: Feeder Cattle Still in a Stunning Nosedive
Photo: Dr. Jenny Jennings, Texas A&M AgriLife Livestock futures prices are lower at midday Thursday in the face of Russian aggression in Ukraine and USDA baseline 2022 estimates. GENERAL COMMENTS: On a day when everyone else is making big, dramatic moves (including the Russian Army), we can’t expect the livestock markets not to do the same.
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