DTN Oat And Barley News

DTN Closing Grain Comments 12/06 14:02 Soybeans Close Higher Friday and For The Week January soybeans closed up 5 1/4 cents Friday and finished with a double-digit gain on the week, helped by trade optimism and ongoing support from the vegetable oil market. March corn was unchanged and March KC wheat dropped 4 1/2 cents in a quiet retreat from last week's high.

DTN Midday Grain Comments 12/06 11:06 Grains Mixed at Midday Soybeans lead at midday with trade giving back early gains. By David Fiala DTN Contributing Analyst General Comments The U.S. stock market is firmer with the Dow up 320 higher. The dollar index is 40 higher. Interest rate products are firmer. Energies are lightly firmer with crude $0.60 higher. Livestock trade is mostly higher. Precious metals are mostly lower with gold down 18.80. CORN Corn trade is 1 to 2 cents lower at midday with trade turning lower during the day session as early buying evaporates again. Ethanol margins have remained steady with the blenders gaining the benefit of the crude and unleaded move this week while ethanol futures remain sideways. Basis has held up well with some strength showing up at processors again. The USDA reported 245,872 metric tons of corn sold to Mexico. On the March contract support is the lower Bollinger band at $3.74 which we have held just above, with resistance the 20-day at $3.80. SOYBEANS Soybeans are 3 to 4 cents higher at midday with support from short covering and reports that China was going to allow further tariff-free imports of soybeans but early gains failed to hold again. Meal is $2.00 to $3.00 lower and oil is 60 to 70 points higher with meal moving back below $300 a ton. The real remains cheap vs. the dollar with Brazilian weather still in good shape, with Argentina more mixed. Bean basis has moved to a more sideways trend short term with pockets of firmness showing up on the break. January chart support is the lower Bollinger Band at $8.63 which we are finally pulling away from, with resistance well above the market at $8.98 where the 20-day moving average, along with exceptionally oversold conditions starting to ease. WHEAT Wheat trade is flat to 4 cents lower with Minneapolis trade leading at midday with trade boring back into support levels. The Chicago/KC March spread is back to 85 cents. Chicago also holding a 6 cent premium to Minneapolis which has narrowed sharply this week. The dollar rebounded today, adding pressure as well. Export business has been quiet so far this week. The forecast dries the Plains back out short term, with little change to world conditions north and south this week. The March KC chart support is the lower Bollinger Band at $4.23, and resistance the 20-day at 4.35. David Fiala is a DTN contributing analyst and the President of FuturesOne and a registered adviser. He can be reached at dfiala@futuresone.com Follow him on Twitter @davidfiala (CZ) Copyright 2019 DTN/The Progressive Farmer. All rights reserved.

DTN Weather Trend Indicators 12/06 09:09 Weather Indicator status values are: Corn=Neutral Soybeans=Neutral Wheat=Neutral LEGEND: The indicator choices are: Corn, Soybeans, Wheat The status choices are: Up, Down, Neutral For example: Corn=Neutral (ES)

DTN Early Word Grains 12/06 06:00 Grains Higher to Close the Week March corn is up 3/4 cent per bushel, January soybeans are up 4 1/4 cents, and March KC wheat is up 1/4 cent. By Tregg Cronin DTN Contributing Analyst 6:00 a.m. CME Globex: March corn is up 3/4 cent per bushel, January soybeans are up 4 1/4 cents, and March KC wheat is up 1/4 cent. CME Globex Recap: Global equities are higher around the overnight with futures pointing toward a higher open in the U.S. ahead of the monthly payroll data later Friday morning. Average trade estimates are looking for November payrolls to show a gain of 184,000 jobs during the month, up from 128,000 in October. Growth of 184,000 would compare with the six-month average of 156,000. The November unemployment rate is expected to be unchanged at 3.6%, just above September's 50-year low of 3.5%. Grain markets are mostly higher overnight, led by soybeans, as some still believe we will see a trade deal before the December 15. Without a trade deal, the U.S. is set to impose more tariffs on Chinese goods, although earlier this fall, President Trump suspended planned tariff increases to give negotiators more time. In the spirit of Christmas, there is a chance this could happen again if a breakthrough is not achieved. Harvest continues to plod along in the Northern Plains and will continue the rest of December and into 2020. OUTSIDE MARKETS: Previous closes on Thursday showed the Dow Jones Industrial Average up 28.01 at 27,677.79 and the S&P 500 up 4.67 at 3,112.76 while the 10-Year Treasury yield ended at 1.797%. Early Friday, the December DJIA futures are up 59 points. Asian markets are higher with Japan's Nikkei 225 up 54.31 (0.23%) and China's Shanghai Composite up 12.55 points (0.43%). European markets are higher with London's FTSE 100 up 52.17 points (0.73%), Germany's DAX up 26.13 points (0.2%) and France's CAC 40 up 21.79 points (0.38%). The December Euro is down 0.001 at 1.110 and the December U.S. dollar index is up 0.044 at 97.415. The March 30-Year T-Bond is up 3/32nds, while February gold is down $3.30 at $1,479.80 and January crude oil is down $0.06 at $58.37. Soybeans on China's Dalian Exchange were up 0.09% while soybean meal was up 0.57%.

USDA National Sunflower Summary 12/06 08:05 MS_GR851 Minneapolis, MN Thu Nov 29, 2018 USDA Market News National Sunflower Summary - Effective December 6, 2018. Effective December 6, 2018, information on this report will no longer be updated, you can access all data included in this report by utilizing the links provided. If you have questions, please call 612-370-3258 or email Websupport.LPGMN@ams.usda.gov. REGUALR SUNFLOWERS CO - https://www.ams.usda.gov/mnreports/gl_gr111.txt NUSUN - MID-OLEIC SUNFLOWERS ND - https://www.ams.usda.gov/mnreports/ms_gr111.txt KS - https://www.ams.usda.gov/mnreports/dc_gr111.txt SUNFLOWER MEAL ND - https://www.ams.usda.gov/mnreports/ms_gr111.txt FOR ADDITIONAL MARKET INFORMATION https://www.ams.usda.gov/market-news/livestock-poultry-grain Source: USDA Market News Service, Minneapolis, MN 612-370-3258 Minnesota.LPGMN@ams.usda.gov 24 hour price information 612-370-3260 www.ams.usda.gov/mnreports/ms_gr851.txt www.ams.usda.gov/lpsmarketnewspage 14:21 kmb

Baby your canola in the bin 09/07 -from www.aginfonet.com You can't just dump canola in the bin and expect it to stay in great shape until you're ready to sell. Canola Council of Canada agronomist David Vanthuyne says "you have to baby canola in the bin"! Vanthuyne advises growers to condition canola to safe temperature and moisture levels and then regularly monitor the binned crop for signs of mould or heating. Conditioning involves moving air through the seed to prevent spoilage that results from moisture migration and seed respiration. Vanthuyne says canola harvested much above 8% moisture must be conditioned, especially if grain temperatures are above 25 C. He says the object is to cool the seed below 15 C and lower its moisture content to 8% moisture. "Aeration and/or turning the canola can be an effective way to avoid spoilage", Vanthuyne says. But if moisture levels are above 10% to 12%, he recommends heated air drying. Growers can't drop their vigil once they've conditioned canola. Freshly harvested canola can maintain a high respiration rate for up to six weeks before becoming dormant. Vanthuyne explains that "this sweating stage is a very unstable condition for binned canola". The agronomist suggests growers monitor binned canola regularly because rapidly respiring seed produces heat and moisture, which favour storage mould growth. "Over time, the seed may become mouldy or heat damaged, and in severe cases it can ignite," he adds. For more information on safe storage of canola, visit these web pages: http://www.canola-council.org/safestorage.aspx http://www1.agric.gov.ab.ca/$department/deptdocs.nsf/all/crop1301 http://www.agr.gov.sk.ca/docs/crops/oilseeds/graindrying1.asp For more information in your area, contact: John Mayko, Agronomic Research & Extension Manager, 780-764-2593 Derwyn Hammond, Manitoba, 204-729-9011 Jim Bessel, North Central & North Eastern Saskatchewan, 306-373-6771 David Vanthuyne, Eastern Saskatchewan, 306-782-7799 David Blais - Western Saskatchewan, 306-895-2122 Christine Mardell, Peace, 780-518-1513 Doug Moisey, Central Alberta, 780-645-3624 Matthew Stanford, Southern Alberta, 403-758-6660

Effective April 15, USDA is changing the way it calculates marketing loan repayment rates and loan deficiency payments. DTN is exploring whether we can publish the new calculations, which will be based on 5-day or 30-day moving averages. Until then, the rates can be found at http://www.fsa.usda.gov/FSA/displayLDPRates?area=home&subject=prsu&topic=ldp-ldp

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