Corn Starts Day in the Green. Friday, November 8, 2024
December corn is up 2¢ this morning.
January soybeans are down 6½¢.
December wheat contracts are mixed. CBOT wheat is up less than a penny. KC wheat is down 3¢. Minneapolis wheat is down 3½¢.
This morning USDA announced new corn and soybean export sales:
- China is buying 107,000 metric tons of soybeans for the 2024/2025 marketing year.
- Unknown destinations are buying 132,000 metric tons of soybeans for the 2024/2025 marketing year.
- Unknown destinations are also buying 200,480 metric tons of corn for the 2024/2025 marketing year.
Today at 11 a.m. CT USDA is expected to release the November World Agricultural Supply and Demand Estimates (WASDE) report.
December live cattle are down $1.25. January feeder cattle are down $1.48. December lean hogs are down 85¢.
December crude oil is down $1.23.
The U.S. Dollar Index December contract is up to 104.54.
December S&P 500 futures are up 4 points. December Dow futures are up 94 points.
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