Friday, June 14, 2019 11:53AM CDT
The DTN National Corn Index, which computes a national average cash price based on information from thousands of elevators, settled at its highest level in five years as wet weather casts a cloud over production potential.
Friday, June 14, 2019 8:01AM CDT
Wet fields, delayed planting, and how many corn acres are lost this year because of challenging weather and field conditions are influencing domestic demand of some fertilizers. The global ammonia price level is starting to hurt some production spots but, so far, no major cutbacks in output are seen.
July corn is up 8 3/4 cents per bushel, July soybeans are up 16 1/2 cents, and July KC wheat is up 8 cents.
Firm pressure late last week in all livestock futures is likely to bring about follow-through selling Monday morning. The weaker tone in hog futures has traders searching for longer-term support levels.