Corn starts month down 7¢. Friday, March 1, 2024
May corn is down 7¢.
May soybeans are down 1¾¢.
CBOT wheat is down 16½¢. KC wheat is down 19¢. Minneapolis wheat is down 11¾¢.
“The weekly Export Sales report for soybeans was disappointing yesterday,” says Bob Linneman, commodities broker with Kluis Commodity Advisors. “Traders are not expecting these reports to provide much bullish news for soybeans in the near future.”
He says yesterday’s numbers were “on the low end of trade expectations for soybeans, middle range for wheat and at the top end of estimates for corn.”
Live cattle are up $1.35. Feeder cattle are up $2.73. Lean hogs are down 85¢.
Crude oil is up $1.32.
S&P 500 futures are up 11 points. Dow futures are down 27 points.
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