CME GRAINS: Corn: $4.485 (-0.04); Wheat: $6.13 (+0.1025); Soybeans: $11.815 (-0.005); Soybean Meal: $349.20 (+3.10) (VIEW COMMODITY QUOTES)
National Corn Wire
STOCK UPDATE: Dow 30: 38,460.92 (-42.77); Nasdaq: 15,712.75 (+16.11); S&P 500: 5,071.63 (+1.08) (Stocks Fluctuate On Rising Bond Yields)
Market Update
ENERGY PRICES: Crude Oil: $82.86 (-0.50); Ethanol: $1.71 (-0.005); Natural Gas: $1.647 (-0.165) (Crude Prices Settle Lower on Dollar Strength and Easing Iran-Israel Tensions)
Market Update
Short-Range Weather Forecast: The calm weather pattern that has been prevalent across the nation is set to change as a developing upper trough over the western U.S. introduces a severe weather setup ideal for spring across the central and southern Plain
Weather
CROP PROGRESS: As of April 21, 2024, some states have surged ahead, surpassing their average planting progress (Melanie Price, Crop Progress Reporter)
Crop Progress
Gas prices down up 4 cents this week to $3.67, up $0.01 from last year. Diesel prices down 2 cents this week to $3.99, down $0.09 from last year
Cash Prices
U.S. EXPORT SALES: Beef sales of 17,700 MT for 2024 were up 30 percent from the previous week and 27 percent from the prior 4-week average
Market Update
DROUGHT MONITOR: The southern High Plains are in the grips of rapidly drying conditions, leading to degradations across Kansas, with conditions bleeding into eastern Colorado and southern Nebraska
Weather
TODAY'S SALES: The largest string sold so far today was 124 steers (1139#) from Mitchell, SD at $210.00 (WATCH LIVE SALES NOW)
US Cattle Report by National Beef Wire
CORN PROGRESS: Six percent (6%) of the corn in the United States had been planted by April 14th, compared to 3% last week and 7% last year
Market Update
COMMITMENTS OF TRADERS (COT): Funds decrease net long LIVE CATTLE position by 16.3K to 36.9K contracts
US Cattle Report by National Beef Wire
CORN BALANCE SHEET: The latest U.S. corn balance sheet for the 2023/24 season reveals notable adjustments in various sectors, leading to shifts in ending stocks and price projections
National Corn Wire
PRICE PROJECTIONS: The latest price projections for 2024 bring mixed fortunes for various agricultural commodities, with cattle and hogs seeing increases, while eggs undergo a significant surge in price
WASDE
COARSE GRAIN OUTLOOK (WASDE): This month’s 2023/24 U.S. corn outlook is for greater corn used for ethanol and feed and residual use and smaller ending stocks
WASDE
CORN PROGRESS: The 2024 U.S. corn planting season is officially underway, marking the annual resumption of the Crop Progress report as of the first Monday in April. (Chet Jackson, National Corn Reporter)
Market Update
CORN HARVEST PROGRESS: U.S. corn harvest at 45%; Iowa at 42%; Kansas at 72%; Missouri at 65%; Texas at 86%; Ohio and Michigan at 17% (most behind); North Carolina at 94% (most complete)
US Cattle Report by National Beef Wire
SORGHUM PROGRESS: 27% of the sorghum in the U.S. had been harvested by September 25th, compared to 24% last week and 30% last year
National Sorghum Wire