Corn down 5¢. Tuesday, August 15, 2023
December corn is currently down 5¢.
November soybeans are down 3¢.
CBOT wheat is down 12¢. KC wheat is down 4¢. Minneapolis wheat is down 6¢.
Naomi Blohm, senior market advisor for Total Farm Marketing, says grains are under pressure from improved weekly Crop Progress report ratings and outside markets.
Yesterday the USDA Crop Progress report increased the good/excellent rating for corn by 2%, soybeans by 5%, and spring wheat by 1%.
October livestock are mixed this morning. Live cattle are down 50¢. Lean hogs are up 50¢. Feeder cattle are down 85¢.
Crude oil is down $1.87.
S&P 500 futures are down 41 points. Dow futures are down 319 points.
Read also
Palm oil prices are expected to continue rising after a short-term correction
Georgia reduced wheat imports in April
Brazilian soyabean oil exports jump 47% amid record crop and weak domestic demand
Zimbabwe plans new grain import levies to strengthen food security
Global vegetable oil production to hit record high again – USDA
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon