Corn starts day down 10¢. Friday, June 9, 2023
Corn is currently down 10¢ while soybeans are up 6¢.
CBOT wheat is down 3⁄4 of a penny. KC wheat is down 10¢. Minneapolis wheat is down 5¢.
The June World Agricultural Supply and Demand Estimates (WASDE) report is due out today at 11 a.m. CDT.
Naomi Blohm, senior market advisor with Total Farm Marketing, says barring any surprises in today’s WASDE report, the market will quickly return to trading on weather.
She adds the trade will be watching how much it rains over the weekend.
Earlier this morning USDA announced the sale of 197,000 metric tons of soybeans to unknown destinations for the 2022/2023 marketing year.
Live cattle are down 5¢. Lean hogs are up 10¢. Feeder cattle are up 43¢.
Crude oil is down 37¢.
S&P 500 futures are up 13 points. Dow futures are up 12 points.
Milling wheat is up on the European MATIF trade. Corn is up on the Chinese Dalian trade while soybeans are down.
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