Grains start day in the red. Thursday, August 31, 2023
December corn is currently down 1½¢.
November soybeans are down 4¼¢.
CBOT wheat is down 8½¢. KC wheat is down 11¢. Minneapolis wheat is down 12¾¢.
USDA announced another export sale for soybeans this morning, for the fourth day in a row. This time it was for 132,000 metric tons of soybeans to China, to be delivered during the 2023/2024 marketing year.
USDA also released the weekly Export Sales report this morning. For the 2022/2023 marketing year, corn export sales fell within expectations but soybeans were below expectations with a net sales reduction of 50,700 metric tons (mt). For the 2023/2024 marketing year corn, soybeans, and wheat export sales were all within the expected range.
October livestock are in the green this morning. Live cattle are up 45¢. Lean hogs are up 10¢. Feeder cattle are up 88¢.
Crude oil is up $1.20.
S&P 500 futures are up 8 points. Dow futures are up 102 points.
Read also
Bulgaria Grain Market Faces Rising Costs and Export Competition
High fertilizer prices hit palm oil producers in Malaysia and Indonesia
Tehran eyes fees for transit through strait of Hormuz
COCERAL has raised its grain harvest forecast in the EU and the UK in 2026 to 299 ...
War-induced increases in energy prices could increase discounts on soybean oil rel...
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon