Corn and wheat in the red this morning. Thursday, September 19, 2024

December corn is down 5¾¢ this morning.

November soybeans are up a penny.

December wheat contracts are down. CBOT wheat is down 8¼¢. KC wheat is down 8¾¢. Minneapolis wheat is down 8¢.

This morning USDA released the weekly U.S. Export Sales report for the week ending Sept. 12. The Brock Report says net U.S. soybean export sales for the combined 2024/2025 and 2025/2026 marketing years “were strong at 64.5 million bushels (mb), coming in above trade expectations that ran 18.5 to 59 mb and the previous week’s net new sales of 54.2 mb amid continued Chinese demand. China was the leading buyer on the week, purchasing 35.8 mb. U.S. soybean export sales for the [current] marketing year to date totaled 587.6 mb, down 6.1% vs. a year earlier.”

Concerning corn sales for the 2024/2025 marketing year, The Brock Report says, “Net weekly U.S. corn export sales came in at 33.4 mil. bu., in line with trade expectations that ran 21.5 to 55 mb and up slightly from the previous week’s net new sales of 26.2 mb. U.S. corn export sales for the marketing year to date totaled 559.4 mb, up 21.2% vs. a year earlier.”

October livestock contracts are higher this morning. Live cattle are up 63¢. Feeder cattle are up $1.35. Lean hogs are up 30¢.

October crude oil is up 79¢.

The U.S. Dollar Index December contract is up to 100.70.

December S&P 500 futures are up 94 points. December Dow futures are up 440 points.

For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.

It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.

You are welcome to get a 7-day free demo access!!!

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