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USDA-MO Dept Ag Market News 2017/02/14 3:19 PM GMT Tweet

Kansas City Daily Feed

Wholesale bids per ton, bulk, in truck lots, unless otherwise specified.  
(Soybean meal, Soybean hulls, and Pellets- FOB processors KC and St. 
Joseph.)

     Commodities        Basis    Change        Bids        Change
  Soybean Meal 48 Pct -23H-20H   unch     316.50-319.50    up 4.40
  Soybean Hulls-Bulk                         125.00        unch
  Soybean Hull Pellets-Bulk                  125.00        unch
  Cottonseed Meal 41 Pct                  265.00-285.00    unch
  Gluten Feed 21 Pct Pellets              139.00-145.00    unch
  Gluten Meal 60 Pct                      585.00-595.00    up 5.00-dn 10.00
  Wheat Bran and Middlings   
                   Interior KS Rail        68.00-80.00     dn 12.00-10.00
                   Interior KS Truck      102.00-105.00    dn 3.00-10.00
 Hominy Feed (FOB KC Northwest)               
                               Rail          100.00        unch
                               Truck         105.00        unch
  Meat and Bone Meal, 50 Pct                  
  (FOB US Central)                        259.00-290.00    unch
  Feather Meal                            435.00-450.00    unch
  Yellow Grease (dollars/cwt)              22.00-23.00     unch
  Dehydrated Alfalfa Meal                 211.00-245.00 A  unch
  Sun-Cured Pellets, 15 Pct               177.00-187.00 B  up 5.00-10.00
  Alfalfa Center of NE:                     
  Alfalfa Pellets, 17 Pct                 190.00-210.00 A  unch
    Meal without oil                           n/a      A  n/a
    Hay                                        n/a      A  n/a

A-last updated 02/09/17
B-last updated 02/14/17

(Soybean Meal price based off March Chicago Soybean Meal Futures.)

Source:  USDA-MO Dept of Ag Market News Service, St. Joseph, MO
         Baldemar Ortiz, Market Reporter (816)676-7000
         www.ams.usda.gov/LSMarketNews

1408C    bro



    North Carolina closing cash grain bids as of 4:00 P.M. Prices delivered 
to country elevators or processors. Prices in dollars per bushel.

   US 2 Yellow Corn: was 1 cent lower. Prices were 4.24-4.69, mostly 4.44 
at the feed mills, and 3.94-4.49, mostly 3.99-4.19 at the elevators.  New 
Crop: 4.05-4.83.
 
   US 1 Yellow Soybeans: were 9 cents lower. Prices were 10.40 at the 
processors, 9.90-10.40 at the feed mills, and 10.00-10.25, mostly 10.20-
10.25 at the elevators.  New Crop: 9.68-10.28.

   US 2 Soft Red Winter Wheat: was 1 cent lower. Prices were 4.34 at the 
elevators. New Crop: 4.48-4.68.

Feed Mills      US 2 Yellow     US 1 Yellow     US 2 Soft Red
                   Corn          Soybeans           Wheat
                Cash    New    Cash      New     Cash    New
Bladenboro      4.44    4.49                     4.54    4.68
Candor          4.49    4.60                                 
Cofield         4.24    4.25   10.40    10.28                
Laurinburg      4.44    4.49    9.90     9.68    4.54    4.68
Monroe          4.59    4.58                                 
Nashville       4.24                                         
Roaring River   4.69    4.83                                 
Rose Hill       4.44    4.49                     4.54    4.68
Statesville     4.24                                         
Warsaw          4.44    4.49                     4.54    4.68
Pantego #2      4.24                                         

Elevators

Bladenboro      4.19    4.29   10.25     9.83    4.34    4.48
Clarkton        4.19    4.29   10.25     9.83    4.34    4.48
Clement                                                      
Clinton         4.19    4.29   10.25     9.83    4.34    4.48
Creswell        3.99           10.09                     4.50
Elizabeth City  3.94    4.05   10.20    10.13            4.61
Lagrange        4.19    4.29   10.20     9.83    4.34    4.48
Monroe                         10.20                         
Mount Olive     4.19    4.29   10.25     9.83    4.34    4.48
Norwood         4.34    4.40   10.04                         
Register        4.34                                         
Warsaw #2       4.49    4.49   10.00                         
Wilson          4.19    4.29   10.25     9.83    4.34    4.48

Soybean Processors               Soybeans        Meal(48 pct protein)
                               Cash      New       Dollars per ton
Fayetteville                   10.40                   369.50
Raleigh                                                    

Source: North Carolina of Ag-USDA Market News, Raleigh, NC
        Stephen Beasley Market Reporter 919-707-3107
        http://www.ncagr.com/market/mktnews/RA_GR110.TXT
1537e

zw_f 2016/12/01 9:55 AM GMT Tweet

$zw_f pointing lower today

July wheat 2016/06/06 3:06 PM GMT Tweet

The July wheat was up overnight extending the rally of the last few days; after a slight push to 5.14 hitting resistance the price action retreated to open levels and continued ranging until the close at 5.06 1/2.

Take loss 12:38 PM GMT Tweet

I thought it was breaking lower but bounced; preferred to take the loss now.:

WN16 Sell to open 1 504.00 6/6/2016 12:47:14 PM
WN16 Buy to close 1 505.50 6/6/2016 1:14:40 PM -75.00 11.92 -86.92


I think I have already spoken about grain markets being quite appealing to me because there is less noise, the pace of the market is a bit lower comparing to indices as well as the grains tend to trend more often and more clearly. Now it's time to share some very simple and very well-known for grain traders trading strategy.

This is establishing support and resistance levels and trading the break-outs. As a rule the first trading hour is very hectic and volatile, that's the time when we stay in the sidelines and waiting patterns to establish and get hints from the market where it is going. After the first trading hour, this would be between 9 am and 10 am on the chart, we draw the resistance line at the high of the early activity and the support at the low point of the price action. From here we go in the side lines again and wait for the price action to break either way. Always it is good to remember that if it breaks in the direction of the trend it is much stronger entry signal rather if it breaks against the trend. Everybody knows that the trend is their friend. In our case the price breaks below just before 12 pm, goes lower and hits a new support bounces and closes in a range. Thus at about 12 pm we are entering short and once first two long candles are established we exit as signs of new support appear as well as market closer to the closing bell.

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