Corn starts day up 2¢. Thursday, March 2, 2023
This morning corn is up 2¢ while soybeans are up 4¢.
CBOT wheat is up 7¢. KC wheat is up 9¢. Minneapolis wheat is up 11¢.
Yesterday grains saw some gains after being down for several days. Bob Linneman with Kluis Commodity Advisors says some traders feel the aggressive sell-off over the last week is related to month-end position adjustments.
The USDA weekly exports report out this morning pegs corn and soybean exports within trade expectations.
Net corn sales are at 598,100 metric tons and soybeans are at 360,700 metric tons.
Live cattle are currently down 38¢. Lean hogs are up 70¢. Feeder cattle are up 25¢.
Crude oil is up 20¢.
S&P 500 futures are down 19 points. Dow futures are up 31 points.
Milling wheat is up on the European MATIF trade. Corn is up on the Chinese Dalian trade but soybeans are down.
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