Beans, grains down in morning trading. September 12, 2023

The grain markets are all lower in quiet low volume trade ahead of the USDA reports that will be released at 11 a.m. CT.

Here are the trade guesses for the USDA Crop Production report:

Corn yield: 173.4 bushels per acre. Total production 14.986 billion bushels.

Soybean yield: 50.1 bushels per acre. Total production 4.152 billion bushels.

At this time corn is down 2¢ per bushel, soybeans are down 13¢, and wheat futures are 4¢ to 6¢ lower.

Around the world in the stock markets: The stock market in China is down 0.3% and in Japan the stock market is up 0.6%. European stocks are down 0.3%.

In the outside markets, the US Dollar Index is up 0.25 points at 104.80. Crude oil started lower and is now up $1.80 per barrel at $89.17 – making new highs for 2023. The Dow is down 55 points.

Livestock futures are higher again today. November feeder cattle making new contract highs and are now up 55¢. October live cattle are up 20¢, and October lean hogs are up $1.

Tags: live cattle, feeder cattle, lean hogs, soybeans, wheat, futures, сorn