Grains in the red again. Wednesday, October 4, 2023
December corn is currently down 1½¢.
November soybeans are down 1¼¢.
CBOT wheat is down 11½¢. KC wheat is down 13¾¢. Minneapolis wheat is down 13¢.
“Unconfirmed rumors suggest a Ukraine export corridor may now be open with Russian support,” says Naomi Blohm, senior market advisor with Total Farm Marketing. “This is weighing on grains this morning, along with a higher U.S. dollar.”
The U.S. Dollar Index is currently at 106.60.
This morning USDA announced the sale of 196,607 metric tons of corn to Mexico. A total of 109,226 metric tons is for the 2023/2024 marketing year while the remaining 87,381 metric tons is for the 2024/2025 marketing year.
Live cattle are down 68¢. Lean hogs are down $1.05. Feeder cattle are down 93¢.
Crude oil is down $2.43.
S&P 500 futures are down one point. Dow futures are down 73 points.
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