March corn ended the day up 4 cents. The Midday Block report credited the gain to higher-than-expected corn export sales in this morning’s Department of Agriculture report.
January soybean closing price was 25 cents.
March CBOT wheat fell 6.5 cents. March KC wheat fell 12 cents. December Minneapolis wheat fell 9 1/4 cents.
The livestock ended the day mixed together. February live cattle fell $3.28. February lean pork rose 60 cents. January feed cattle fell $3.68.
Crude oil is Dow 3.84.
S&P 500 futures fell 6 points. Dow futures fell 136 points.
Release date: 1:51pm (CST)
Noon Green Corn: 11:37 a.m. (CST)
As of midday in March, corn was up 4 cents.
January soybean prices are up a bit from this morning, but are still down at 18¢.
March CBOT wheat fell 6.5 cents. March KC wheat fell 9¢¢. December Minneapolis wheat fell 6¢.
February live cattle fell $2.88. February lean pork rose 10 cents. January feed cattle fell $3.80.
Crude oil fell $3.71.
The December dollar index fell to 104.24.
S&P 500 futures fell 7 points. Dow futures fell 103 points.
Published: 11:37am CST
“All Red”: 9:34 AM CST
March corn fell 4 cents.
January soybeans fell 27 cents.
March CBOT wheat fell 9¢. March KC wheat fell by 8¾¢. December Minneapolis wheat fell 7.5 cents.
“Grain and soybean futures were in the red at the end of early trading, and pressure on soybean futures is increasing with expectations that weather will improve in Brazil’s major producing regions next week.” The block report was delivered before trading on the 8th. Opens at 1.30am. “Corn futures are also weighed down by the weather outlook in Brazil and good weather in Argentina. Wheat futures are weighed down by technical-driven selling, a weak corn market, and continued weakness in export demand for U.S. wheat. has been done.”
Livestock is still in the red this morning. February live cattle fell $1.40. February lean pork fell 70 cents. January feed cattle fell $1.55.
Crude oil fell by $2.89.
S&P 500 futures fell 3 points. Dow futures fell 57 points.
USDA released its weekly export sales report this morning. Corn export sales exceeded expectations. Soybeans were within the expected range. Wheat sales were lower than expected.
- Corn: 2023/2024 net sales of 1,807,500 tonnes, up 78% week-on-week
- Soybeans: 2023/2024 net sales of 3,918,400 tonnes, highest market year
- Wheat: 2023/2024 net sales of 176,300 tonnes, down 50% from the previous week
The USDA also announced new sales today. It is purchasing 220,000 tonnes of soybeans to an unknown destination for delivery during the 2023/2024 marketing year.
Published: 9:34am (CST)
