Corn down 2¢. Thursday, February 29, 2024

May corn is down 2¼¢.

May soybeans are down 6¾¢.

CBOT wheat is down 3¢. KC wheat is flat. Minneapolis wheat is up less than a penny.

This morning USDA released the weekly Export Sales report. Corn, soybean, and wheat net sales for the week ending Feb. 22 all fell within the expected range:

• Corn: 1,082,300 metric tons for 2023/2024; up 32% from last week and down 5% from the prior four-week average
• Soybeans: 159,700 metric tons for 2023/2024; up from last week and down 30% from the four-week average
• Wheat: 327,300 metric tons for 2023/2024; up 40% from last week and 2% from the four-week average.

Live cattle are down $1.58 this morning. Feeder cattle are down $2.78. Lean hogs are up 30¢.

Crude oil is down 8¢.

S&P 500 futures are up 14 points. Dow futures are down 5 points.

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