Corn, soy, & wheat up ahead of September WASDE. Thursday, September 12, 2024

December corn is up 2¢ this morning.

November soybeans are up 5¾¢.

December wheat contracts are also higher. CBOT wheat is up 11¢. KC wheat is up 8¢. Minneapolis wheat is up 8¢.

This morning USDA released the weekly U.S. Export Sales report for the week ending Sept. 5. Ryan Kelbrants, commodity broker with CHS Hedging, says corn sales for the 2024/2025 marketing year were below trade expectations while soybeans and wheat fell within expected ranges.

USDA also released a new sales announcement this morning. Unknown destinations are buying 118,626 metric tons of corn for the 2024/2025 marketing year.

Later today at 11 a.m. CT USDA is expected to release the September World Agricultural Supply and Demand Estimates (WASDE) report. Check out Grain Market Insider’s analysis of what to know ahead of the report’s release.

October livestock contracts are mixed this morning. Live cattle are up 70¢. Feeder cattle are up 45¢. Lean hogs are down 38¢.

October crude oil is up 96¢.

The U.S. Dollar Index September contract is down to 101.55.

September S&P 500 futures are down 2 points. September Dow futures are up 59 points.

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