Soybeans down 18¢. Friday, March 22, 2024
May corn is currently down 2½¢.
May soybeans are down 18¢.
CBOT wheat is down less than a penny. KC wheat is down 3¾¢. Minneapolis wheat is down 1¼¢.
The Brock Report says grains and oilseeds are under pressure from a higher dollar. Currently, the U.S. Dollar Index June contract is up to 103.90.
On the plus side, USDA announced a new export sale this morning. Mexico is buying 263,000 metric tons of corn. The order is split this way: 173,000 metric tons for the 2023/2024 marketing year and 90,000 metric tons for the 2024/2025 marketing year.
Live cattle are down 95¢. Feeder cattle are down $1.50. Lean hogs are down 18¢.
Crude oil is down 8¢.
S&P 500 futures are down one point. Dow futures are down 76 points.
Outside of the U.S., milling wheat is up on the MATIF exchange. Corn is down on the Dalian exchange while soybeans are up.
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