DTN Oat And Barley News

DTN Closing Grain Comments 08/22 13:52 Winter Wheat Prices Get Modest Boost December Chicago and KC wheats both closed up 3 3/4 cents Thursday, showing a little benefit from a higher start for exports in 2019-20. November soybeans ended down 4 1/4 cents and December corn was up 3/4 cent while scattered showers worked across the southern Midwest.

DTN Midday Grain Comments 08/22 11:03 Grains Mixed at Midday Wheat leads mixed trade at midday. By David Fiala DTN Contributing Analyst General Comments The U.S. stock market indices are weaker with the Dow 20 lower. The dollar index is 9 points lower. Interest rate products are firmer. Energies are weaker with crude down $0.40. Livestock trade is mixed with cattle leading. Precious metals are weaker with gold 6.30 lower. CORN Corn is narrowly mixed with trade trying to build on the solid close yesterday with two-sided trade so far. Weather should continue to remain a short-term non-issue as the crop tour wraps up today, with few surprises found so far. Ethanol margins remain poor with blenders in the best position currently, with more plants likely to be idled with rumors of the refinery waivers to be reversed. Basis remains mixed overall with harvest getting closer. Weekly export sales remain soft at 119,300 metric tons old crop, and 301,600 of new crop. On the September nearby chart support is likely the $3.59 low with the lower Bollinger Band at $3.47 below that with resistance the 10-day at $3.70. SOYBEANS Soybean trade is narrowly mixed with trade again trying to find some buying support at the lower end of the range and to finally put two positive finishes in a row together with early strength evaporating again. Meal is 0.50 to 1.50 higher, and oil is 5 to 15 points lower. Crush margins remain positive overall, with oil staying towards the upper end of the range. Basis remains flat overall. The Brazilian real is trying to firm off the lows again, with local prices an effective premium to much of the US. The weather looks to be a short-term non-issue for soybeans as well coming forward. The trade situation remains little changed as well. Weekly export sales showed some improvement at 25,900 metric tons of old crop, 792,600 metric tons of new crop, 118,600 metric tons of old meal, 13,400 of new meal, and 2,200 of oil. September chart support is the lower Bollinger Band at $8.42, with the next round up the 10-day $8.65 which we tested again today. WHEAT Wheat trade is 2 cents lower to 3 cents higher at midday with light buying with all contracts trying to shake off oversold conditions. The Kansas City/Chicago spread is at 75 after a high of 90 cents last week and a low of 71 cents this week with Kansas City gaining slightly overnight. The corn/HRW spread is wider, back to 27 cents. Kansas City wheat is now back to competitive on the world market trading as well as into feed rations. Spring wheat harvest should expand with winter wheat just about wrapped up, with Europe progressing as well. The dollar remains near the upper end of the range, limiting upside potential. Weekly export sales showed improvement at 594,600 metric tons. The September Kansas City chart support is the new low at 3.80 3/4 with the first resistance the 10-day at $3.91 which we are just below. 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 08/22 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 08/22 05:57 Grains Slightly Higher as Rain Falls December corn is up 1/2 cent, November soybeans are up 1 cent and December KC wheat is up 1 3/4 cents. By Todd Hultman DTN Lead Analyst 6:00 a.m. CME Globex: December corn is up 1/2 cent, November soybeans are up 1 cent and December KC wheat is up 1 3/4 cents. CME Globex Recap: U.S. stock futures and European stock markets are lower early Thursday with China still talking about retaliating to new U.S. tariffs, set to take place on September 1. Wednesday's minutes from the latest Fed meeting showed two members dissented, favoring no rate cut on July 31. Outside of grains, most commodities are trading higher early Thursday. OUTSIDE MARKETS: Previous closes Wednesday showed the Dow Jones Industrial Average up 240.29 at 26,202.73 and the S&P 500 up 23.92 at 2,924.43 while the 10-Year Treasury yield ended at 1.58%. Early Thursday, the September DJIA futures are down 42 points. Asian markets are higher with Japan's Nikkei 225 up 13.16 (0.06%) and China's Shanghai Composite up 8.03 points (0.29%). European markets are modestly lower with London's FTSE 100 down 48.60 points (-0.67%), Germany's DAX down 38.50 points (-0.33%) and France's CAC 40 down 28.99 points (-0.53%). The September euro is down $.001 at $1.11. The September U.S. dollar index is up 0.04 at 98.22. The September 30-year T-bond is down 2/32nds, while December gold is down $8.00 at $1,507.70 and October crude oil is up $0.38 at $56.06. Soybeans are slightly lower and meal is modestly higher on China's Dalian Exchange. November palm oil is up 2.1% at a new five-month high.

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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