Friday, May 14, 2021

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

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Today's Market View

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

5/14/2021 | 5:58 AM CDT

DTN Staff Reporter

Corn: July corn closed down 40 cents (limit down) as Wednesday's bearish USDA report led to large scale profit-taking.

Soybeans: July soybeans closed down 58 1/2 cents, pressured by profit-taking from long funds, a rapid planting pace, and plentiful moisture set to move across the belt.

Wheat: July Chicago wheat closed 28 1/4 cents lower on Thursday in a continuation of the bearish reaction to increased production and lower old crop export demand.

Cotton: July cotton futures collapsed in a general ag commodity sell-off, finishing down 3.35 cents and below the 100-day moving average for the first time since early April.

Live Cattle: June live cattle futures plunged on Thursday, closing down $3.00/cwt, pressured by other ag commodity sell-offs.

(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 - 62N/A 69N/A 65N/A
Wind Spd - 3 3 4
Wind Dir - NNW S S
Precip % - - - -
Today
69N/A
46N/A
Sat
66N/A
48N/A
Sun
71N/A
52N/A
Mon
72N/A
54N/A
Tue
74N/A
55N/A

Futures Overview

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Contract Month Last Chg
ELEC. CORN[10]
May-21
Dec-21
719'0s
570'6
-38'4
12'4
ELEC. SOYBEANS[10]
May-21
Nov-21
1612'2s
1407'6
-48'2
11'2
ELEC. WHEAT[10]
May-21
Dec-21
727'2
721'6
0'6
16'2
ELEC. LIVE CATTLE[10]
Jun-21
Aug-21
115.600s
119.400s
-3.000
-2.925
ELEC. FEEDER CATTLE[10]
May-21
Aug-21
137.450s
150.500s
0.700
-0.025
ELEC. LEAN HOGS[10]
May-21
Jun-21
111.475s
110.100s
-0.325
-1.925
ELEC. MILK CLASS III[10]
May-21
Jun-21
18.99
19.59
-0.04
-0.03
ELEC. COTTON #2[10]
Jul-21
85.43
0.45
Fri, May 14, 2021 7:03 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 $6.88 0.0325 2021-05-14
Soybeans $15.73 -0.3 2021-05-14
LANDMARK SERVICES COOP - BURLINGTON, WI
Commodity Price Basis Date
Corn $6.8 -0.05 2021-05-14
Soybeans $15.72 -0.31 2021-05-14
Non-reporting locations excluded from display
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