Сorn up 3¢. Thursday, August 17, 2023
December corn is currently up 3¢ while November soybeans are up 4¾¢.
CBOT wheat is down 6½¢. KC wheat is down 9½¢. Minneapolis wheat is down 4¼¢.
This morning USDA released the weekly Export Sales report. Corn and soybean export sales for the 2022/2023 marketing year were within the expected range.
For the 2023/2024 marketing year corn and wheat were within the expected range but soybeans exceeded expectations with 1,407,500 metric tons in net sales.
Nick Paumen, commodity broker for CHS Hedging, says the report’s numbers were “very good” for soybeans and neutral for corn and wheat.
October live cattle are down 85¢. October lean hogs are up $1.55. October feeder cattle are down $2.20.
Crude oil is up $1.29.
S&P 500 futures are down less than a point. Dow futures are up 82 points.
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