Grains start day in the red. Thursday, September 7, 2023
December corn is currently down 1¼¢.
November soybeans are down 9¼¢.
CBOT wheat is down 2¾¢. KC wheat is down 5¢. Minneapolis wheat is up by less than a penny.
“It seems as though the market is holding its breath ahead of Tuesdays WASDE [World Agricultural Supply and Demand Estimates] and crop production reports as it continues to trade sideway,” says Jeremy McCann, account manager with Farmer’s Keeper. “The trade consensus is production and exports will likely decline again, [it’s] just a matter of how much.”
Livestock are mixed. Live cattle are down 25¢. Lean hogs are up $1.10. Feeder cattle are up 43¢.
Crude oil is down 15¢.
S&P 500 futures are down 27 points. Dow futures are up 22 points.
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