Monday, May 3, 2021

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

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Today's Market View

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

5/3/2021 | 5:57 AM CDT

DTN Staff Reporter

Corn: July corn closed up the daily 25-cent limit on huge fund buying Friday as the drought in Brazil shows no sign of letting up.

Soybeans: July soybeans closed 32 cents higher as funds returned to buy, reversing early losses, as tight stocks continue to propel this market to new heights.

Wheat: July Chicago wheat closed up 5 3/4 cents, supported by the surging corn market and ongoing dryness in northern spring wheat areas.

Cotton: July cotton futures stopped the two-day slide, closing up 1.54 cents to end the week, remaining in a solid uptrend.

Live Cattle: June live cattle futures closed modestly higher, up $0.525, moving mostly sideways for the past week.

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

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Webinars

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WEBINAR REBROADCASTS

Local Forecast

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IL Kelsey Road (162003), IL
Today 6 AM 10 AM 2 PM 6 PM
Sky Cover
Temp - 63N/A 70N/A 65N/A
Wind Spd - 4 5 5
Wind Dir - WSW SW W
Precip % - - - 58
Today
73N/A
60N/A
Tue
59N/A
49N/A
Wed
59N/A
43N/A
Thu
52N/A
45N/A
Fri
58N/A
41N/A

Futures Overview

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Contract Month Last Chg
ELEC. CORN[10]
May-21
Dec-21
748'4
572'6
8'4
9'0
ELEC. SOYBEANS[10]
May-21
Nov-21
1582'2
1353'2
11'2
13'4
ELEC. WHEAT[10]
May-21
Dec-21
746'0
738'6
3'4
6'0
ELEC. LIVE CATTLE[10]
Apr-21
Jun-21
116.000s
116.575s
-3.475
0.525
ELEC. FEEDER CATTLE[10]
May-21
Aug-21
133.600s
146.750s
-2.250
-3.125
ELEC. LEAN HOGS[10]
May-21
Jun-21
110.125s
109.725s
1.400
3.000
ELEC. MILK CLASS III[10]
Apr-21
May-21
---
19.34
---
0.16
ELEC. COTTON #2[10]
May-21
---
---
Mon, May 3, 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 $6.81 -0.64 2021-05-03
Soybeans $15.15 -0.67 2021-05-03
LANDMARK SERVICES COOP - BURLINGTON, WI
Commodity Price Basis Date
Corn $6.84 -0.05 2021-05-03
Soybeans $15.14 -0.31 2021-05-03
Non-reporting locations excluded from display
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