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.
Read also
Palm oil prices are expected to continue rising after a short-term correction
Georgia reduced wheat imports in April
Brazilian soyabean oil exports jump 47% amid record crop and weak domestic demand
Zimbabwe plans new grain import levies to strengthen food security
Global vegetable oil production to hit record high again – USDA
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon