Grains Mixed Ahead of WASDE. Friday, Jan. 10, 2025
March corn is up a penny this morning.
March soybeans are up 8¢.
March wheat contracts are lower this morning. CBOT wheat is down 2½¢. KC wheat is down 1¾¢. Minneapolis wheat is down less than a penny.
This morning, USDA released the weekly U.S. Export Sales report, covering the week that ended Jan. 2. The net export sales totals for the 2024/2025 marketing year that USDA reported for corn, soybeans, and wheat were all marketing-year lows.
Later today, USDA is expected to release several more reports, including the monthly World Agricultural Supply and Demand Estimates (WASDE) report, the quarterly Grain Stocks report, the annual Winter Wheat and Canola Seedings report, and the Crop Production 2024 Summary.
February live cattle are up 55¢ this morning. March feeder cattle are up $1.60. February lean hogs are up 68¢.
February crude oil is up $3.24.
The U.S. Dollar Index March contract is up to 109.44.
March S&P 500 futures are down 72 points. March Dow futures are down 391 points.
Further development of the grain sector in the Black Sea and Danube region will be discussed at the 23 International Conference BLACK SEA GRAIN.KYIV on April 24 in Kyiv.
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