December Corn Starts Day in the Red. Wednesday, October 23, 2024
December corn is down 1½¢ this morning.
November soybeans are down 2¢.
December wheat contracts are also lower. CBOT wheat is down 5¼¢. KC wheat is down 5½¢. Minneapolis wheat is down 4¼¢.
For the third day this week, USDA announced new export sales this morning:
- China is buying 130,000 metric tons of soybeans for the 2024/2025 marketing year.
- Unknown destinations are buying 100,000 metric tons of corn and 259,000 metric tons of soybeans for the 2024/2025 marketing year.
December live cattle are down 33¢ this morning. January feeder cattle are down 60¢. December lean hogs are up 3¢.
December crude oil is down 62¢.
The U.S. Dollar Index December contract is up to 104.28.
December S&P 500 futures are down 22 points. December Dow futures are down 300 points.
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