Corn and soybeans in the red. Friday, April 21, 2023
Corn is down 7¢ and soybeans are down 4¢.
CBOT wheat is down 1⁄4 of a penny. KC wheat is up 3⁄4 of a penny. Minneapolis wheat is up 3¢.
Naomi Blohm, senior market advisor with Total Farm Marketing, says the trade is watching the weather and given the cold and snowy/rainy weather, not much planting likely got done this week.
The Brock Report says grain and oilseed futures are “in retreat” over a lack of demand, technical selling, and the poor planting outlook.
Live cattle are down 23¢. Lean hogs are up 45¢. Feeder cattle are up 35¢.
Crude oil is up 54¢.
S&P 500 futures are down 7 points. Dow futures are up 11 points.
Read also
Palm oil prices rise 3.5% amid stronger soybean oil market and growing stocks
World’s largest cocoa producer forecasts 21–25% decline in harvest
Argentina increases wheat exports as Brazil faces a smaller harvest
China raises soybean import estimate to 111.6 mln tons but expects lower purchases...
Ust-Luga overnight incident: Could Baltic grain exports face delays?
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon