Grains mixed in morning trading. September 28, 2023
Grain futures are mixed this morning after a quiet overnight session. December corn is up 2¢, while all three classes of wheat are quietly lower. November soybeans have already etched another 20¢ trading range and are down 10¢.
Grain traders are making final changes to their positions ahead of the Quarterly Grain Stocks report out tomorrow morning at 11:00am.
Livestock futures are mixed after the opening bell. Feeder Cattle are quietly lower, while live cattle and lean hogs are quietly higher.
In the outside markets, the US dollar is lower this morning, trading near the 106 mark. Crude oil futures are giving back some of yesterday’s big gains, with prices currently down $1.10. US stock market futures are quietly higher this morning. The recent slide in the stock market has put futures at the lowest level since May.
Read also
MARKET SIGNALS TO WATCH, September 5 – 12
US corn and soybean conditions decline slightly, but harvest outlook remains strong
Ukrainian rapeseed reacts more significantly to the lack of exports than soybeans do
Ukraine sowed the first mln ha with winter crops
Egypt has purchased large volumes of vegetable oil and wheat
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