Friday, April 23, 2021

Corn Lower Friday at 6:00 a.m. CDT

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Today's Market View

Corn Lower Friday at 6:00 a.m. CDT

4/23/2021 | 6:01 AM CDT

DTN Staff Reporter

Corn: July corn closed up 25 cents to the daily permissible limit on Thursday on tightening supplies, a soaring domestic basis and large fund buying.

Soybeans: July soybeans surged again, closing 34 3/4 cents higher, fueled by strong demand ahead of May option expiration, and on the coattails of another (early) limit move in bean oil.

Wheat: July Chicago wheat closed up 37 cents coming just off the earlier limit-up move on strong fund buying, possible freeze damage, and the ongoing drought in the northern Plains.

Cotton: July cotton futures closed down 0.18 cents on Thursday moving virtually sideways for the past six days.

Live Cattle: June live cattle futures plunged again, closing down $1.40, finishing lower for ten of the past eleven days and well under the 100-day average.

(c) Copyright 2021 DTN, LLC. All rights reserved.

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Local Forecast

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IL Kelsey Road (162003), IL
Today 6 AM 10 AM 2 PM 6 PM
Sky Cover
Temp - 52N/A 55N/A 53N/A
Wind Spd - 7 8 6
Wind Dir - W W SW
Precip % - - 20 33
Today
56N/A
44N/A
Sat
57N/A
44N/A
Sun
51N/A
37N/A
Mon
71N/A
37N/A
Tue
78N/A
59N/A

Futures Overview

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Contract Month Last Chg
ELEC. CORN[10]
May-21
Dec-21
645'2
547'0
-5'2
-6'2
ELEC. SOYBEANS[10]
May-21
Nov-21
1529'2
1329'4
-4'0
-8'6
ELEC. WHEAT[10]
May-21
Dec-21
706'0
706'0
-4'2
-5'6
ELEC. LIVE CATTLE[10]
Apr-21
Jun-21
118.325s
115.850s
-1.450
-1.400
ELEC. FEEDER CATTLE[10]
Apr-21
May-21
132.250s
137.025s
-2.850
-2.575
ELEC. LEAN HOGS[10]
May-21
Jun-21
107.450s
103.550s
-0.150
-0.975
ELEC. MILK CLASS III[10]
Apr-21
May-21
---
18.56
---
-0.12
ELEC. COTTON #2[10]
May-21
85.57
0.93
Fri, Apr 23, 2021 7:02 AM CDT
Quotes are market time
Delay is included in brackets

DTN Grain Bids

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FARM CITY ELEVATOR-ZENDA - LAKE GENEVA, WI
Commodity Price Basis Date
Corn $6.29 -0.155 2021-04-23
Soybeans $14.81 -0.4925 2021-04-23
LANDMARK SERVICES COOP - BURLINGTON, WI
Commodity Price Basis Date
Corn $6.19 -0.26 2021-04-23
Soybeans $14.8 -0.5 2021-04-23
Non-reporting locations excluded from display
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