Soybeans down 22¢ at market open. Thursday April 6, 2023
Corn is currently down 7¢ while soybeans are down 22¢.
CBOT wheat is down 4¢. KC wheat is up 6¢. Minneapolis wheat is up 2¢.
Live cattle are up $2.63. Lean hogs are up 63¢. Feeder cattle are up $3.43.
USDA’s weekly exports report released this morning showed corn exports for last week at 1,246,600 metric tons, within the range of trade expectations. Soybeans, however, fell below trade expectations at 155,300 metric tons.
Corn exports were up 20% from the previous week, but down 26% from the previous four-week average. Soybean exports were down 55% from the previous week and 42% from the prior four-week average.
Crude oil is down 50¢.
S&P 500 future are down 16 points. Dow futures are down 57 points.
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