Markets start 2019 higher

Soy prices spent most of the first trading day for 2019 much stronger, until it seemed the market realized that there were no USDA reports to back anything up, and then it seemed to struggle to put a pin in the day.

The American shutdown of government has shuttered most of the USDA services that do the production and trade accounting in that country, a tool that most traders use extensively.

The day finished up for soybeans and soybean products and that lent support to canola, despite a rising Canadian dollar.

Globally grain the trade has seeing higher than average and previous year exports. The Ukraine has shipped 11.5 percent more than last year, including a stronger than average 359 million bushels of corn. Wheat in the 2018-19 crop year has been exported to the tune of 385 million bu. and higher than average barley trade has also taking place, with 145 million bu. of that crop being shovelled out of the country.

Brazil saw its December shipments of soy rise dramatically, thanks to the United States’ fight with China. That also aided Brazilain corn sales, as those rose to 158 million bushels in December, up over an impressive December for 2017. The big ticket for that country was ethanol exports, up about 65 percent over the previous December.

Russia was selling corn as well, with a 65 percent boost for last month, as compared to any of the previous six and has kept pace with last year’s exports when it comes to wheat, shipping about 125 million bu. for the crop year so far. Barley too has been selling well, with 14 million bu. sold in December.

Wheat was flat to up slightly in the Canadian market.

 

Name / Contract High Low Last Change Settlement
Canola Jan 2019 (updated 1:19PM(CST) on 1/2/2019) 473.00 472.20 473.00 8.80 481.80
Canola Mar 2019 (updated 1:19PM(CST) on 1/2/2019) 488.90 482.70 488.20 4.40 488.80
Canola May 2019 (updated 1:19PM(CST) on 1/2/2019) 497.30 491.40 496.30 4.60 497.10
Canola Jul 2019 (updated 1:19PM(CST) on 1/2/2019) 504.40 498.50 503.30 4.10 504.20
Canola Nov 2019 (updated 1:18PM(CST) on 1/2/2019) 501.90 497.00 500.80 3.80 500.80
Soybeans Jan 2019 897.75 880.75 894.75 12.25 894.75
Soybeans Mar 2019 910.50 893.00 906.75 11.75 906.75
Soybeans May 2019 922.75 906.00 919.25 11.50 919.25
Soybeans Jul 2019 935.00 918.75 931.25 11.00 931.25
Soybeans Aug 2019 939.25 923.75 936.00 10.75 936.00
Soybeans Sep 2019 940.50 927.25 937.75 10.00 937.75
Soybean Meal Jan 2019 312.20 305.80 311.20 5.00 311.20
Soybean Meal Mar 2019 316.10 309.60 314.70 4.80 314.70
Soybean Meal May 2019 319.50 312.90 318.00 4.70 318.00
Soybean Oil Jan 2019 28.03 27.60 27.89 0.34 27.89
Soybean Oil Mar 2019 28.33 27.85 28.24 0.39 28.24
Soybean Oil May 2019 28.58 28.11 28.50 0.38 28.50
Corn Mar 2019 377.75 374.00 375.75 0.75 375.75
Corn May 2019 385.50 381.75 383.25 0.25 383.25
Corn Jul 2019 392.75 389.25 390.75 unch 390.75
Corn Sep 2019 395.00 392.00 393.25 -0.25 393.25
Corn Dec 2019 399.00 396.25 397.50 unch 397.50
Oats Mar 2019 278.25 273.75 278.25 3.00 278.25
Oats May 2019 281.00 277.00 280.50 2.50 280.50
Oats Jul 2019 283.00 283.00 283.00 3.25 283.00
Oats Sep 2019 271.50 271.50 271.50 2.50 271.50
Oats Dec 2019 270.25 269.75 270.25 2.25 270.25
Wheat Mar 2019 510.75 501.25 508.25 5.00 508.25
Wheat May 2019 516.50 508.75 514.50 4.00 514.50
Wheat Jul 2019 523.00 517.00 521.50 3.00 521.50
Wheat Sep 2019 532.00 526.50 531.75 3.50 531.75
Wheat Dec 2019 547.00 541.00 547.00 4.50 547.00
Spring Wheat Mar 2019 556.25 546.25 554.25 5.25 554.25
Spring Wheat May 2019 561.75 552.75 559.00 4.75 559.00
Spring Wheat Jul 2019 568.75 561.75 566.75 5.50 566.75
Spring Wheat Sep 2019 576.00 571.25 573.75 4.00 573.75
Spring Wheat Dec 2019 589.25 586.25 588.00 3.25 588.00
Hard Red Wheat Mar 2019 497.25 487.75 494.00 5.25 494.00
Hard Red Wheat May 2019 509.00 499.75 505.25 4.50 505.25
Hard Red Wheat Jul 2019 519.75 511.50 516.00 3.50 516.00
Hard Red Wheat Sep 2019 532.25 526.75 528.50 2.75 528.50
Hard Red Wheat Dec 2019 549.00 543.75 544.75 2.25 544.75
Live Cattle (Pit) Feb 2019 123.53 123.53 123.53 -0.35 123.53
Live Cattle (Pit) Apr 2019 125.78 125.78 125.78 -0.47 125.78
Live Cattle (Pit) Jun 2019 117.15 117.15 117.15 0.08 117.15
Feeder Cattle (Pit) Jan 2019 147.95 147.95 147.95 -0.90 147.95
Feeder Cattle (Pit) Mar 2019 145.95 145.95 145.95 -0.80 145.95
Feeder Cattle (Pit) Apr 2019 146.60 146.60 146.60 -0.65 146.60
Lean Hogs (Pit) Feb 2019 61.70 61.70 61.70 0.73 61.70
Lean Hogs (Pit) Apr 2019 67.55 67.55 67.55 0.47 67.55
Lean Hogs (Pit) May 2019 73.83 73.83 73.83 0.45 73.83
Canadian Dollar Jan 2019 0.7370 0.7325 0.7364 0.0023 0.7364
Crude Oil WTI Feb 2019 47.78 44.35 46.50 1.09 46.50

 

 

Prices updated at 1:20PM(CST) on 1/2/2019

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